Consumers are making big money from holiday makers

By Simret Samra

Holiday website, essentialtravel.co.uk, has revealed that big consumer brands such as the Post Office, Barclays and American Express, have been charging up to 50 per cent more than the going rate for travel insurance policies.

“These companies are simply abusing consumer confidence,” said Stuart Bensusan, Director of Essential Travel.

“Unsuspecting customers are buying policies from a source they consider to be a trusted, household name. In reality, their confidence is being misused and they end up paying far too much.”

The cost of a single trip within Europe has risen to £40 with the Post office, more than double what the policy’s worth.

Mr Bensusan said: “We charge £19 for a single trip cover within Europe and other travel insurance specialists charge about the same.”

He added: “For consumers to price their policies at double what a specialist would offer, knowing they will sell because of the name behind it, is just a slap in the face.”