Insurance provider, AXA has launched an independent travel insurance, despite the present financial turmoil's that are due to the credit crunch.

In spite of the increasing economic gloom, the holiday season is approaching and millions of Brits will be preparing to travel abroad over the summer months. But AXA warns that increasing numbers of people arranging their own holidays may be leaving themselves exposed despite taking out travel insurance.

Over the last few years the number of Independent Travelers has overtaken the number of Package Holiday Travelers. Internet access and low-cost airlines have helped escalate this trend - in 2006 over 16 million Independent Travelers headed overseas for holidays between April and September.

However, insurance provision has not kept pace with the changing profile of the British holidaymaker and Independent Travelers, can find that there are gaps in their insurance cover, which AXA are addressing with their Independent Travelers cover, available with AXA travel insurance from their website, axa.co.uk/travelinsurance.

The new product is an optional extension which costs as little as an additional £10 for annual European cover. It covers travelers for a number of areas such as problems with flight cancellations or delays, missed connections or the customer being denied boarding.

With a package holiday, the tour operator or travel agent is legally required to make suitable alternative arrangements for such eventualities, but the independent traveller must make and pay for their own arrangements.

Edward Dutton, AXA's Personal Insurance Director said: "We are aware from our own claims area that Independent Travellers have run into problems with their travel insurance and a recent report from Defaqto underlined the need for insurers to offer cover that helps customers when things go wrong - the things that would normally be picked up by a tour operator or travel agent if it were a package holiday.

Dutton continued: "We believe that the rise of the Independent Traveller is something that all insurers should be addressing; as the Ombudsman pointed out in his latest report - 'There is clearly a mismatch in what insurers intend to offer and the cover that consumers believe they are buying.'"

The additional cover offered by this optional extension includes, delayed departure compensation for delays exceeding 5 hours occurring at the departure point of any connecting flights or booked public transportation on both the outbound and return journeys.

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Insurance provider, AXA, travel insurance independently initiated, despite the current turmoil in financial markets that has caused the credit crisis.

Despite the increasing economic gloom, the holiday season is approaching and millions of British citizens are preparing to go abroad during the summer. AXA, but warns that people are increasingly organizing their vacation leave despite the completion of a suspension of travelInsurance.

In recent years the number of independent travelers, the number of passengers vacation package is obsolete. They have access to the Internet and low-cost carriers has helped to grow this trend - built in 2006, more than 16 million independent travelers abroad for the holidays from April to September.

However, insurance has not kept pace with the determination of the profile of change of British tourists and independent travelers may find that there are gaps in insurance, AXA are addressing, cover with its independent travelers, available with AXA travel insurance from their website axa.co.uk / travel insurance.

The new product is the possibility of extension to cover just a supplement of £ 10 a year for the European coast. Covers travelers for a number of areas, such as problems with flight cancellations or delays, missed connections or the customer is denied boarding.

A packageHolidays>, tour operator or travel agent is legally obliged to carry out appropriate alternatives for such eventualities, but the independent traveler and have to pay for your system.

Edward Dutton, AXA Insurance Personnel Director, said: "We are aware of our area that supports independent travelers who have problems with their travel insurance and enforcement of a recent report from Defaqto underlined the need for insurers to offerto satisfy the customer when things go wrong - things that are normally collected by a tour operator or travel agent, if you need a travel package.

Dutton continued, "We believe that the increase in independent hospitality is something that should concern all insurers, such as the Ombudsman pointed out in its latest report -" There is a clear discrepancy, which want to offer insurance and coverage that consumers believe they are buying. "

FurtherCoverage offered by this optional extension includes the delayed start to compensate for delays of more than 5 hours that occur starting point of any connecting flights or booked public transportation on both outward and return journeys.

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