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Many UK families who take a seaside holiday abroad will give less than a day’s thought to making their destination choice.

Around a third of holidaymakers wanting a simple ‘bucket and spade’ break in the Med or other popular beach destinations will check out offers, make up their mind and book in one go.

We could fear that either the lure of recession-busting cut-price holidays or shortage of money will make customers less careful when deciding where to go and who to stay with. This could result in disappointment when they arrive at their holiday resort or having to bear the cost of unforseen mishaps.

Normally, just over two-fifths of people looking to book a seaside holiday abroad will take a week to decide, while a further fifth will take up to one month.

Men are a third more likely to book a holiday within 24 hours while women are more likely to take a month looking through the brochures. Sun seekers of retirement age are those most likely to take the greatest care over their holiday travel arrangements and book at least a month in advance.

Do your research

Whether looking for the cheapest deal or picking up on last-minute bargains, holidaymakers should understand exactly what they are being offered and do a bit of research.

The holiday package being offered may be considerably slimmed down on ‘standard’ extras, such as transfers and airport taxes and some will charge a high premium for ‘optional’ travel insurance.

Christian Young, AA Travel Insurance’s chief executive said: “Holidaymakers are often tempted to just tick the ‘insurance’ box on their holiday application form as part of the package. But it is important that they make sure they understand the cover they are buying and ensure they get the best option in terms of both cover and cost.

“But wherever you buy your insurance, it is vital to declare medical conditions; otherwise a claim might not be valid. Also, look for ‘kids go free’ and family offers which will also help save money as well as giving families peace of mind.”

Check list

  • Check that your travel operator is a member of ABTA or ATOL before booking your holiday
  • Always check the insurance cover being offered properly meets your needs
  • Put your passports, tickets and travel documents together in a safe place ready for departure and leave copies at home with family or friends
  • Ensure you have packed high protection factor sun cream, especially for youngsters, and wear sun hats when you get there
  • Some insurer offer the possibility to arrange an insurance at the last minute if you have forgotten to do so (AA Travel Insurance for example by telephoning 0845 092 1729)
  • If you have a home insurance extension for personal possessions anywhere in the world, save money on your travel insurance by excluding baggage cover
  • Take EHIC cards if travelling in Europe (but do not consider them to be a replacement for travel insurance)
  • You and your partner should each keep debit/credit cards while away in case one of you loses a wallet or purse

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Another term for policy limit. It refers to the maximum amount payable under a policy of insurance or reinsurance, either overall or with reference to a particular section of a policy.

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A policy that pays a specified sum to beneficiaries upon the death of the life assured, or upon the assured surviving a given number of years, depending on the terms of the policy. Life insurance policies may be for fixed or indefinite term. See term life as regards fixed term policies.

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An insurance which covers the insured against third party claims or, in the case of employer’s liability insurance, claims by employees, subject to specified terms and conditions.

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The underwriter of a syndicate or insurance company who is responsible for setting the terms of an insurance or reinsurance contract that is subscribed by more than one syndicate or insurance company and who generally has primary responsibility for handling any claims arising under such a contract.

Where an insurance or reinsurance contract that is underwritten by more than one syndicate Xchanging Claims Services normally acts as the representative of the following underwriters as regards the agreement of claims under the contract. In certain situations a managing agent of a following syndicate will be appointed together with Xchanging Claims Services to represent the following underwriters. However some matters require to be referred to all the  following underwriters on risk and an insured may always insist that its claim is shown to each following underwriter.

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An official term used in EEA insurance regulation. The formal definition of “Large Risks” is found in the EU’s 2nd Non-Life Insurance Directive (88/357).

It can be summarised as meaning:

1. Risks classified as:

  • Railway rolling stock
  • Aircraft (including aircraft liability)
  • Ships (sea, lake and river and canal vessels) (including liability)
  • Goods in transit (including merchandise, baggage, and all other goods).

2. Risks classified as Credit or Surety where the policyholder is engaged professionally in an industrial or commercial activity or in one of the liberal professions, and the risks relate to such activity.
3. Risks classified as:

  • Fire and natural forces
  • Other damage to property
  • General liability
  • Miscellaneous financial loss

in so far as the policyholder exceeds the limits of at least two of the following three criteria:

  • balance-sheet total: 6.2 million euros
  • net turnover: 12.8 million Euros
  • average number of employees during the financial year: 250.

If the policyholder belongs to a group of undertakings for which consolidated accounts are drawn up, the criteria mentioned above is applied to the consolidated accounts.

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Team RAC’s Colin Turkington is the latest big name in British motor sport to join the prominent ranks of Go Motorsport ambassadors. The Northern Irish star who leads the HiQ MSA British Touring Car Championship adds his name to a distinguished roster of UK stars backing the Motor Sport Association’s new Go Motorsport initiative – a scheme which has been set up specifically to help people of all ages to get involved in all areas of motor sport whether as a competitor, volunteer or spectator.

Established by the MSA, governing body of UK motor sport, Go Motorsport was launched last summer at the McLaren Technology Centre by reigning world champion Lewis Hamilton. The impressive list of ambassadors supporting the Go Motorsport scheme includes: 2009 Le Mans 24 Hours winner David Brabham, F1 championship leader Jenson Button and former FIA F1 World Champion Damon Hill (see below for full list).

Turkington, 27, from Portadown in Co Armagh, is one of the world’s most successful touring car drivers and is currently the man to beat in the UK’s premier BTCC race series. For the past two seasons he has been the Independent Drivers Champion and currently enjoys a sizeable lead in 2009 championship standings. Like so many others, though, Turkington cut his teeth in junior karting, furthered his car control skills in autograss before switching to circuit racing in 1998, winning the Northern Irish Metro Championship on debut. Having won at home, Colin broadened his horizons by switching to the British-based Ford Fiesta Championship, a title he won in 2001. That success paved the way for promotion into the BTCC and he was one of the first year recruits onto the MSA’s Race Elite scheme in 2007.

While Go Motorsport is a nationwide campaign, Colin, hopes that his personal involvement in the initiative will encourage people of all ages will follow in his wheel tracks by taking up circuit racing in his native Northern Ireland.

“I’m delighted to be involved with Go Motorsport,” enthused Colin. “The people of Northern Ireland are very passionate about their motor sport, and hopefully what I’m doing will help encourage people to get involved. Rallying and motor cycle racing have always been very strong but there are plenty of other opportunities as well. I know, for instance, a lot of effort is going into the kart track at Nutts Corner and that’s got to be great news particularly for the next generation of potential competitors.”

Turkington also is keen to encourage more people to extend their passion for motor sport by volunteering to fill crucial roles at events. “It’s no exaggeration to say most motor sport wouldn’t exist without the efforts of these volunteers. More than that, though, volunteering can be a great way into the sport. A good example is one of my engineers at Team RAC – he first got into racing by being a track-side marshal; now, as my data logger, he’s a vital part of our current success.”

Colin Hilton, MSA chief executive, is delighted that Turkington has joined the Go Motorsport campaign. He said: “Colin is one of stars of British motor sport and is a true ambassador in every sense of the word. He has been a leading light in our premier championship for many years and a terrific role model to the 10s of thousands of BTCC fans throughout the country. I know he will be a great asset to the Go Motorsport campaign, particularly to our efforts to inspire those in Northern Ireland to get involved in our sport.”

Turkington currently leads the driver standings with 149 points whilst  team-mate Stephen Jelley is in seventh with 69 points. Team RAC currently lead the ndependents Championship with 170 points.

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Depending on the context this term may refer to –

(a)  the society of individual and corporate underwriting members that insure and reinsure risks as members of one or more syndicates. Lloyd’s is not an insurance company;

(b) the underwriting room in the Lloyd’s Building in which managing agents underwrite insurance and reinsurance on behalf of their syndicate members. In this sense Lloyd’s should be understood as a market place; or

(c) the Corporation of Lloyd’s which regulates and provides support services to the Lloyd’s market.

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The proportion of an insurance or reinsurance risk that is accepted by an underwriter or which an underwriter is willing to accept. When it refers to a line that is entered on a slip it is commonly expressed as a percentage of the limit of indemnity.

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Another term for policy limit. It refers to the maximum amount payable under a policy of insurance or reinsurance, either overall or with reference to a particular section of a policy.

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A policy that pays a specified sum to beneficiaries upon the death of the life assured, or upon the assured surviving a given number of years, depending on the terms of the policy. Life insurance policies may be for fixed or indefinite term. See term life as regards fixed term policies.

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An insurance which covers the insured against third party claims or, in the case of employer’s liability insurance, claims by employees, subject to specified terms and conditions.

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The underwriter of a syndicate or insurance company who is responsible for setting the terms of an insurance or reinsurance contract that is subscribed by more than one syndicate or insurance company and who generally has primary responsibility for handling any claims arising under such a contract.

Where an insurance or reinsurance contract that is underwritten by more than one syndicate Xchanging Claims Services normally acts as the representative of the following underwriters as regards the agreement of claims under the contract. In certain situations a managing agent of a following syndicate will be appointed together with Xchanging Claims Services to represent the following underwriters. However some matters require to be referred to all the  following underwriters on risk and an insured may always insist that its claim is shown to each following underwriter.

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An official term used in EEA insurance regulation. The formal definition of “Large Risks” is found in the EU’s 2nd Non-Life Insurance Directive (88/357). It can be summarised as meaning:

Risks classified as :

  • Railway rolling stock
  • Aircraft (including aircraft liability)
  • Ships (sea, lake and river and canal vessels) (including liability)
  • Goods in transit (including merchandise, baggage, and all other goods).

Risks classified as Credit or Surety where the policyholder is engaged professionally in an industrial or commercial activity or in one of the liberal professions, and the risks relate to such activity.

Risks classified as :

  • Fire and natural forces
  • Other damage to property
  • General liability
  • Miscellaneous financial loss
  • in so far as the policyholder exceeds the limits of at least two of the following three criteria:

– balance-sheet total: 6.2 million euros,

– net turnover: 12.8 million Euros,

– average number of employees during the financial year: 250.

If the policyholder belongs to a group of undertakings for which consolidated accounts are drawn up, the criteria mentioned above is applied to the consolidated accounts.