In response to the increasing speculation regarding Greece leaving the Eurozone and the impact this may have on holidaymakers travelling or planning to travel to Greece and/ or the Greek Islands, we have approached our Travel Insurers to see what assistance can be provided for your members.
The good news is that we have managed to negotiate an increase in the Cash Limit on the Federation’s policy to £1,000 per adult per trip from the time the member leaves their home until arrival at their holiday accommodation. This increase will apply between 1st July and 30th September 2015.
Upon arrival at their accommodation cash should be kept in a locked safety deposit box. Members will be covered for theft following forcible and violent entry for up to £1,000 in cash, per adult, while this is kept in a locked safety deposit box.
Members who do have access to a safety deposit box should only carry with them enough cash for their normal day-to-day needs. In this situation theft of cash other than from a safety deposit box reverts to the normal policy Cash Limit of £300.
Where a member does not have access to a safety deposit box in their accommodation, cover is extended for up to £1,000 cash per adult per trip, as long as the cash is carried on their person, not left in their accommodation.
Please be aware that the limit of £50 for persons under 16 years is unaltered.
Obviously we want to minimise the potential claims impact this temporary change may have on your scheme and would kindly ask that you remind members of the following common sense measures:
- The general advice from travel organisations and the Foreign and Commonwealth Office is to take more cash in the event it becomes difficult to access money from ATMs and banks.
- Take more than one type of payment method abroad so take adequate cash along with other types of payment method – debit, credit and pre-paid cards.
- Take smaller denominations, splitting money between members of the travelling party, and keep it in safety deposit boxes to avoid carrying too much around
- Do not place cash in checked in baggage
- Take extra care, particularly at airports, (both here and in Greece)
- Keep handbags closed and wallets secure. Do not leave wallets or bags on tables or chairs or in open view while having a coffee etc.
- Do not take large sums of cash to the beach
- Never leave cash unattended.
- In the event of a claim a police report and evidence of cash withdrawal will be required, so retain receipts from ATM’s or foreign exchange shops.
Thank you for your assistance with this. Should you have any queries, please do not hesitate to contact me.
Key Account Manager
Philip Williams & Co