Increased limits - spending money in Greece
General advice from travel organisations is to take more cash when holidaying in Greece in the event of it becoming difficult to access money from ATMs, banks and exchanges. The Foreign and Commonwealth Office (FCO) recommends taking more than one type of payment method abroad so holidaymakers should be taking adequate cash along with other types of payment method – debit, credit and pre-paid cards.
So, we’ve temporarily doubled the limit for cash which is lost or stolen while on holiday up to £600 per adult for your customers who have a standard travel insurance policy and are heading to Greece on or before 30 September, 2015. It’s an automatic increase to the cover so you or your customers don’t have to do anything.
The limit for theft or loss of cash for under 16’s is £100. This means that a family of four (two adults and two children) are now covered for up to £1,400 personal money – an extra £600. Please let your customers know about these changes.
“We want to make sure that our customers who are travelling to Greece and are planning to take more cash, feel confident it’s covered if it were lost or stolen. We’d encourage customers to consider taking smaller denominations, splitting money between travellers, and keeping it in safety deposit boxes to avoid carrying too much around.” Kate Niven, Travel Underwriting Manager for Aviva
If you have any questions about these changes, please contact your usual personal lines underwriter.
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