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Have you considered the ex-factor this summer?
In modern times the definition of 'family' can be varied and confusing so have you ever questioned whether your insurance policy definition of ‘family’ fits your true family situation?
It is important for you to check the detail of your travel insurance policies this summer to ensure you have adequate cover for your children, Many travel insurers will insure your children and step-children as long as they live with you. But if you take children on holiday with you and they normally live with an ex-partner they might not be covered as insurers only consider them as family if they permanently live at your address.
There are 423 annual travel insurance policies available and the table shows the proportion of them that provide cover for children in the specified circumstances:
| % of annual travel insurance policies providing cover | ||
| Yes | No | |
| Are dependant children who are not normally resident with the main policyholder covered? | 72.1% | 27.9% |
| Are step children who live with the main policyholder covered? | 99.5% | 0.5% |
| Are step children who do not live with the main policyholder covered? | 72.1% | 27.9% |
| Are children who travel independently covered? | 51.5% | 48.5% |
It’s imperative that you check the detail of your travel insurance policies to ensure that you have the cover you need before travelling. In particular, if you are an unmarried couple or have children from a previous relationship.
Defaqto currently provides Star Ratings for annual, gap year, long stay and single trip travel insurance policies. You can use Defaqto Star Ratings as a guide to help you choose the overall level of features and benefits offered by travel insurance policies. Policies offering a basic level of features and benefits would be rated as 1 Star and those with the most comprehensive range of benefits a 4 or a 5 Star. www.defaqto.com/stars
