JOHANNESBURG - South African financial comparison website Hippo.co.za has reiterated the need for adequate travel insurance, hours after news of the collapse of global travel group Thomas Cook.
The 178-year-old company had ceased trading with immediate effect after last-minute negotiations aimed at saving it failed, triggering the biggest ever peacetime repatriation, aimed at bringing more than 150,000 British holidaymakers home, broadcaster BBC reported.
In a column urging consumers to research travel insurance properly before leaving home, Hippo.co.za said many of the millions of people who travelled abroad yearly were hot properly secured should something happen during their trips.
"A basic form of travel insurance is often provided by your bank when purchasing an air ticket using your credit card," it said. "But be warned that this cover may not be sufficient as it often places caps on age, costs, services and certain destinations."
It noted that most travel insurance cover included emergency medical expenses, hospital cash benefit per day, personal accident cover in the event of death or permanent disability, emergency travel and accommodation, legal assistance and personal liability cover.