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Product category: Banking / credit / debt
News Release from: American Express | Subject: Banking
Edited by the Insidemoneytalk Editorial Team on 14 May 2007

Big brand protection, small price tag

Annual insurance cover from just 3p per day with American Express.

American Express Annual Budget European1 Travel Insurance now costs a single adult just ?30 and family cover costs £49 from www.americanexpress.co.uk This offer represents a 40%+ saving on the usual price of £52 for a single adult and £89.99 for a family

Budget airlines now serve over 200 destinations in Europe from Stockholm to Malaga and with a strong Pound relative to the Euro, we are travelling more than ever.

In the first quarter of this year visits abroad are up 3% to 17.2m and a staggering 8.85 million of these have been to Europe.3 The government research is consistent with American Express' own findings.

A poll of 10,000 customers revealed an overall 3% rise in all trips planned for 2007 with the majority of the growth - 12% - coming from the short break (i.e under five days) category.

One quarter of respondents were planning to visit family, whilst nearly a fifth (19%) friends.

Joanne Field, Marketing Manager, American Express Insurance Services: "Discount air fares have dramatically increased our ability to travel and visit family and friends abroad - even just for the weekend.

For frequent European travellers, Annual Budget offers convenient, fundamental protection for these quick getaways with 93 days cover that's over 46 weekend breaks a year! "As the average family holiday is £2,500, a family of four would effectively have £4,000 of cancellation and curtailment cover - one of the big claim areas." Policy benefits PER PERSON include: Medical Emergency and Repatriation - £2 million, Cancellation and Curtailment - £1,000, Lost Luggage - £1,000, Personal Accident - £10,000, Money - £200, Personal Liability - £1 million, Travel Delay - £100.

Annual Budget offers individual adults or families cover for trips up to 31 consecutive days with a total of 93 days cover throughout the policy year.

Legal advice is included with the policy as well as the use of American Express personal assistance services which includes help and advice on destinations, emergency money access and message relay.

CASE STUDY Frequent flyer Marta Wesolowska from Brighton jets off at least eight times a year to visit her family and friends in Europe.

Marta, a Marketing Assistant who has family and friends in Poland and Portugal is grateful for cheap low budget flights.

Her annual insurance cover makes visiting her family at the last minute so easy and hassle free.

Marta: "When you are popping over to see family it doesn't necessarily feel like a holiday, but flying more often has meant travel delays and delayed luggage on the odd occasion, so my travel insurance has been invaluable.

I have had annual insurance for several years - it's hassle free as I don't have to think about it every time I book a flight or holiday and of course it's a lot cheaper too." For further details of American Express Insurance Services and its policies, please call 0800 587 4000 or go on-line at www.americanexpress.co.uk/ti.

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