New product tailored to specific risks faced by student travellers


Lloyd’s insurer Hiscox has launched a gap-year travel insurance policy.

The insurer argues that gap-year travellers often visit more remote and exotic destinations than typical holidaymakers, and that they therefore need a different protection from standard holiday travel insurance.

The new policy offers coverage for up to 365 days. Hiscox said it has been specifically designed to address risks faced by gap-year travellers.

Hiscox’s standard gap travel policy includes coverage of £10m for emergency medical expenses, £1,000 for baggage and personal belongings, £1,000 for missed departures or commections, £2m for personal liability, between £1,000 and £1,500 for specialist portable equipment and £10,000 for political unrest and natural catastrophe evacuation.

Hiscox insurance expert Colin Wallace said: “At Hiscox, we constantly look to innovate and offer useful, market leading insurance cover to our customers. Gap years have always been popular, traditionally with students taking time out before or after university, but increasingly with older travellers. We wanted to develop a tailored policy specifically aimed at giving our customers peace of mind, either for themselves or their children, so they can concentrate on enjoying the gap year experience.”