Newspaper article Evening Gazette (Middlesbrough, England)

Avoid Holiday; Make Sure You Don't Get Burned by a Financial Mishap This Summer, Says VICKY SHAW

Newspaper article Evening Gazette (Middlesbrough, England)

Avoid Holiday; Make Sure You Don't Get Burned by a Financial Mishap This Summer, Says VICKY SHAW

Article excerpt

SUMMER'S nearly here and many of us are looking forward to a well-earned getaway in the coming months.

In order to make the most of your break, it's worth packing a few essentials into your holiday planning now, to make sure you can kick back and fully relax when the time comes.

Last year, the Financial Ombudsman Service (FOS), which resolves disputes between consumers and financial firms, received more than 2,000 complaints from people who'd been burned by a mishap while on holiday.

Chief ombudsman Caroline Wayman says: "If you're gearing up for your next holiday, don't let an unexpected event spoil your time away from home. Each year, the ombudsman helps people who've been caught out by a holiday mishap - from travel insurance troubles to cancelled cards and credit. By taking some simple steps before you travel - and knowing your rights - you can save yourself a great deal of stress."

A recent report from Abta also found that one in five (20%) of us are planning to spend more on our holidays in 2015 - so something going wrong could be a disaster for our finances, as well as our holiday memories.

To make sure you're not left getting hot under the collar by a mishap this summer vacation, the ombudsman service suggests the following tips: DON'T LEAVE TRAVEL INSURANCE UNTIL THE LAST MINUTE MAKE sure you have a good policy in place in case something goes wrong. It's bad enough being injured on holiday, but you don't also want to come home to a huge medical bill.

Policies vary considerably and the cheapest one will not necessarily be the best, particularly if you have specific medical needs or you're going away for a long time. If you arrange your insurance early enough, it could also protect you if you need to cancel your trip.

AVOID A HANGOVER. MANY policies will not cover accidents caused by excessive alcohol consumption. Some insurers will refuse to pay a claim after only one or two drinks.

In one case seen by the ombudsman, a man who'd been drinking was hit by a car while crossing the road.

The insurer declined his claim, as the policy he had taken out did not cover accidents that were attributed to the influence of alcohol. …

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