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Travellers "take risks" with insurance

Many gap year travellers could be putting themselves at risk by failing to obtain adequate insurance for their trips, it has been claimed.

According to travel expert Tom Griffiths, many people on gap years wrongly assume that their insurance policies will provide them with cover for all of the activities which they may take part in.

The founder of gapyear.com said that, because most gap years consist of a round-the-world excursion which can involve many different situations, many travellers are in fact "unwittingly insured" for activities such as hiring a moped and going scuba diving.

Speaking about the different policies available to gap year adventurers, Mr Griffiths commented: "I think it's less about getting the budget option as opposed to the brilliant option; it's about what you include in your policy and what you don't include.

"People unwittingly take risks - they don't realise."

According to the website, 230,000 people take a gap year between the ages of 18 and 24, with the average amount spent falling somewhere between £3,000 and £4,000. A personal loan can be used for insurance and other travel costs.

See how much you could borrow with a Lombard Direct personal loan.

30/08/2007 17:12:28

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