ABI News & Analysis
2 articles
Market Mood
ABI Advises on Contents Insurance for Students' Laptops and Bikes
The ABI suggests students check their current insurance coverage for laptops, phones, and bikes, recommending contents insurance if needed. This type of policy covers costs for replacing or repairing possessions if they are damaged, destroyed, or stolen. Students should evaluate their coverage amounts, especially for valuable items like bikes or electronics, to ensure adequate protection. Understanding insurance needs now can help mitigate financial risks for students and their families.
Read More: ABI Advises on Contents Insurance for Students' Laptops and Bikes
Travel Insurance Gaps: £1,000 Lost Due to Flight Cancellation
A couple from North Yorkshire lost £1,000 after their flight from Sri Lanka was cancelled amid the Iran conflict. Although their tour operator covered some extra nights, their travel insurance did not include war-related disruptions. Analysts from Defaqto noted that there are now fewer travel insurance policies for regions near conflict areas. Potential travelers are advised to check insurance details carefully, especially regarding coverage for cancellations due to geopolitical issues.
Read More: Travel Insurance Gaps: £1,000 Lost Due to Flight Cancellation