Posts Tagged ‘ annual travel insurance policies ’

Rising Prices

Nov 25th, 2010 | By

Sad to relate, but in boring company with the rest of life at the moment, we can expect to pay higher prices for travel insurance soon. You can bet your bottom dollar that by the time the busy summer booking season begins in January, insurance companies will have raised their prices quite a bit. It isn’t helped by the fact that VAT will rise from 17.5% to 20% in January so that will automatically cause an increase.
AXA has forecast increases in excess of 10% but hasn’t said how much. Brokers are talking of sharp rises, whatever that means.
Why should increases be so “sharp?”