81% of packaged current accounts offer travel insurance

Independent financial research company Defaqto has identified 6 different types of travel related benefits offered by packaged current accounts which may be useful for those planning a summer break.

81% provide travel insurance
75% provide worldwide cover
6% offer cover in Europe only
60% offer cover for winter sports
67% provide cover for the family
13% cover the account holder and spouse only
1% cover the account holder only.

David Black, Banking Specialist at Defaqto said: "Packaged current accounts generally offer a variety of benefits and many of these are travel related. However, there are often wide variations in the extent or coverage offered by particular types of benefits offered so it is essential that consumers check that what is offered is appropriate for their own circumstances. For example, does the travel insurance policy just cover Europe or does it provide worldwide cover? Does it just provide cover for the current account holder or does it also cover other family members?"