Newsletter

Jersey Consumer Council

Tag: insurance

If your hand luggage is put in the hold it might NOT be covered by insurance.

February 22, 2017 Home life, Insurances, Travel and Transport No Comments
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HAND LUGGAGE put in the hold on a busy flight might seem like a mild inconvenience – but if your bag gets lost, stolen or damaged, it might not be covered by your travel insurance.

 

More of us are opting to travel with just hand luggage opting out of paying to check in a bag. However, this often means there are too many cabin bags to fit in the overhead lockers and airline staff need to stow a certain number in the hold.

 

Consumer watchdog Which? found that the leading five UK travel insurance companies including Aviva, LV and Axa don’t cover valuables placed in the hold for loss, theft or damage.

 

Which? is warning travellers to take any valuables out of their hand luggage before they hand it over to cabin crew.

 

Another issue with having to check your bag unexpectedly is waiting to pick it up from the baggage carousel. If this process is delayed and a passenger misses a connecting flight as a result, airlines are not required to pay compensation.

 

These days, it is highly likely that passengers may have their cabin bags taken and put in the hold, because planes simply don’t have the capacity to takes all bags in the cabin.

 

If you have to put a bag in the hold at the last minute, try to remove wallets, keys, laptops and other valuables. If any items go missing from the hand luggage bag that you had intended to keep with you, do make clear to the airline that you expect compensation.

 

Make sure that you know if your own travel insurance covers this eventuality before you travel.

 

 

 


SEP 2016 EDTN 80

September 26, 2016 Newsletters No Comments
jcc-issue-80

Islands Pricewatch, Insurance Tax and 16 lunchtime talks to choose from…

Islands Pricewatch

We collected 103 prices across 9 items. Jersey was the most expensive for 8 out of the 9 items; and also cheapest for 5 out of the 9 items (notably three of these were at Rosedale Stores Gorey; whilst limited stocks last).

Insurance Tax

Insurance Premium Tax (IPT) is a UK tax applied to general insurance premiums. There are two rates. Standard at 9.5% and a higher rate of 20% for travel insurance, mechanical / electrical appliances insurance and some vehicle insurance.

16 lunchtime talks to choose from…

We are pleased to offer the following ‘free’ lunchtime talks. The talks all run between 13:10 – 13:50. These sessions will be informative yet informal – you are welcome to bring your lunch.

Read more…


Are you paying unnecessary IPT?

September 7, 2016 Insurances No Comments
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Are you paying unnecessary IPT?

Insurance Premium Tax (IPT) is a UK tax applied to general insurance premiums. There are two rates. 
Standard at 9.5% and a higher rate of 20% for travel insurance, mechanical / electrical appliances insurance and some vehicle insurance.

Premiums for risks located outside the UK are usually exempt. Therefore if you are taking out an insurance policy with a UK supplier, ask about exempting IPT before you enter into the contract or renewal.

Some suppliers may ask you to fill out an IPT exemption declaration form confirming your residential status as being permanently outside of the UK for the period of insurance. It is likely that you will have to return this before the supplier deducts the IPT. Ask what the arrangements are before you sign up or renew. In most cases they will not refund retrospective overpayments.

3 Recent Case Studies
Mick and Pam have private medical insurance. They are automatically charge IPT even though the supplier knows they are non-UK residents. In the past, they used to send Mick an IPT exemption form to fill out with their annual renewal. When it was returned they would send out a revised renewal with the IPT removed. They have stopped this practice and it is now down to Mick to request and send in this form on renewal and he will not receive a reminder. Remembering to follow these steps on renewal has reduced their premiums by £60 per month, although the provider will not entertain a retrospective refund for the couple of years Mick did not realise he was being charged IPT.

Vicky and her friends required travel insurance for a European holiday. As they booked through one particular operator, they opted for their travel insurance which was available online (through a third party provider). After obtaining a quotation, Vicky resisted the temptation to pay there and then. Instead, she called the provider giving her quotation reference and asked for the IPT to be deducted. After a little convincing and reference to their own website to prove the policy extends to Jersey, the provider was happy to take payment over the phone for the insurance cover less the IPT and the insurance policy was then emailed to Vicky.


Finally, Rob had experienced a few problems with hire cars. On one occasion he refuelled his hire car with the wrong type of fuel which turned out to be a costly mistake! He was also concerned that he would have a high insurance excess but felt the additional insurance available on the hire car desk seemed to him to be excessive (often referred to as Excess Waiver Insurance, Super CDW). As he was likely to hire other vehicles in the coming year he decided to look into an annual car hire excess insurance policy. He found one online that included £6,000 towards the hire car excess, £1000 towards misfuelling and other key benefits. Whilst ‘checking out’ he couldn’t see how IPT could be deducted. He sent the provider an email enquiry and they came back to him advising that if he took out the policy and sent them the policy number and the last 4 digits of the payment card used to pay for the policy, they would be happy to refund the IPT within 5 working days. Rob is now driving his hire car safe in the knowledge that he has comprehensive annual European car hire excess cover but also paid a reasonable price less the IPT!

Check out your insurance policies and let us know if you are paying unnecessary UK IPT. How much can you save?


Holiday fraud: look before you book

April 20, 2016 Consumer Skills, Home life, Insurances, Money Matters, Scams, Top tips, Travel and Transport No Comments
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Holiday fraud: look before you book

Get Safe Online is joining forces today with ABTA (the UK’s leading travel association), Action Fraud and the National Fraud Intelligence Bureau (NFIB) to warn you about the dangers posed by holiday booking fraud. Anyone booking a holiday either in the UK or abroad is at risk.

For information and advice on safe holiday and travel booking, click here

 

We all look forward to our holidays, and often they can cost a considerable amount of money, which most of us simply cannot afford to lose. Unfortunately, more and more people are being affected by holiday fraud, which means that not only do you not get your holiday … you normally end up losing your money too. The holiday, accommodation or flight they paid for doesn’t exist, or the booking hasn’t been made.

Read More

Travel Insurance

January 26, 2016 Travel and Transport No Comments
travel

Travel Insurance

Going on Holiday? Its easy to forget to arrange the travel insurance in the excitement of planning your break.

Top Tips for Travel Insurance:
  1. Make sure that the medical cover is adequate – to help pay medical bills £2 million medical cover is advised by Which for just Europe and £5 million for worldwide.
  2. Cover your gadgets – you may need to extend your home insurance to cover as single items on your travel policy may only be covered for £250.
  3. Missed flights and missed connections (make sure that this includes the Channel Islands)
  4. Check the cancellation provisions – how much are you covered for in the event of the holiday being cancelled by unexpected events e.g. illness.
  5. A good travel insurance policy should provide cover for Illness, injury or death while you are away; Repatriation (getting you back home
  6. Check that the policy covers
Read More

Jun 2012 edtn 53 JCC Newsletter

January 18, 2016 Newsletters No Comments
June 2012 edtn 53 JCC Newsletter

Not Playing Fair?

We can all buy something and suddenly find when we look at the small print, that there are a lot of terms and conditions that seem to make it very difficult to do anything when the goods or services are not quite what they
should be.

Not all the small print is necessarily fair or reasonable and that is whyit is important to know that from 27 January, 2010, the Supply of Goods and Services (Jersey) Regulations 2010 may mean that
the person supplying the goods or services cannot actually rely on such an unfair term.

Read more…


Insurances a Necessary Part of Modern Living?

November 13, 2015 Insurances No Comments
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Insurances a necessary part of modern living?
Insurances – where are you buying yours?

We pay annual premiums to cover our homes, holidays, health and cars to name but a few. At the time of renewal we understand that some islanders are buying polices from UK based insurance companies.

We have done a small piece of research to determine whether Jersey residents who take out either household or motor insurance policies with UK-based insurance providers are disadvantaged in any way by onerous claims procedures, which do not necessarily apply to policies from Jersey, based insurance companies.

Read More

Channel Islands Financial Ombudsman

November 10, 2015 Consumer Skills, Money Matters No Comments
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Channel Islands Financial Ombudsman

The Channel Islands Financial Ombudsman (CIFO) will commence the resolution of complaints about financial services on 16 November 2015, when its full legal powers are brought into force through the Financial Services Ombudsman (Jersey) Law 2014 (Appointed Day) (No. 3) Act 2015.
CIFO has published the Jersey Fee Scheme and Jersey Levy Scheme, setting out the detail of its funding mechanism. It has also published a consultation paper on a model complaint-handling procedure for financial services providers that can be found https://www.ci-fo.org/cifo-consultations/
The closing date for responses is 30 October 2015.

Read More

Car Finance

November 4, 2015 Money Matters No Comments
car-Finance

Car Finance

A new car is the second most expensive purchase many people make, after their home. So, consider your options carefully before signing on the dotted line.

Research from the motor insurance group Esure shows that nearly a third of buyers do not even haggle over the price of a new vehicle, and only one in 10 spends more than an hour researching finance options. (Daily Telegraph, Sep 2009)

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Home Contents Insurance Guide

November 4, 2015 Information Leaflets, Reports & Publications No Comments
Home Contents Insurance

Home Contents Insurance Guide

Home Contents Insurance

Step 1

Fill out the “How much are the contents of your home worth?” guide. Get organised – gather together a pen, paper and a
calculator.

Step 2

Get ready to buy home contents insurance using the Consumer Council’s tips.

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