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Press Release

20th April 2017 – Gloucestershire Business News

Thousands of holidaymakers will have inadequate luggage insurance cover this summer, it has been claimed. An estimated 18million travel insurance policies are sold every year and a staggering 50,000 claims are rejected, according to International Baggage Insurance (IBI). Linda Reyes, the CEO of IBI, said holidaymakers would be shocked when they realised the maximum cover for their possessions would hardly pay for a new case, let alone its contents. She said limits of most travel insurance policies applied to anything in the luggage, including clothes, shoes, accessories and even the case itself. The average travel policy imposes single item limits on baggage contents that typically don’t exceed €350, so thousands of travellers could find themselves seriously out of pocket.Reading and understanding travel insurance details were as important as planning the actual trip. “You have to read the small print and make sure what you carry with you, what is in your luggage and what you expect in compensation if there are problems, matches your expectations,” she said. “Some insurance claims will come as a shock to many people when they receive only a small percentage back in compensation. “Read the small print and then make sure you understand the small print.”Don’t be fooled into thinking you are covered and then complain if you have not read and understood the small print.”Travelling with hundreds of Euros worth of clothing and electronic items in your luggage means you will undoubtedly be well over any insurance claim limits.”

Tuesday, 11 April 2017   iPMI Magazine Travel Insurance News:

PASSENGER LUGGAGE INSURANCE: Passengers With Electronic Devices Carried In The Holds Of Airlines Not Covered

Passengers with electronic devices carried in the holds of airlines following the recent ban on carrying them as hand luggage, may not be fully insured for the contents of their luggage. Most passengers don’t realise they have limited insurance cover for their possessions including their prized electronic devices.
Most travel insurance policies will not cover electronic items that can be worth as much as £500 – £1000, especially when checked in as hold luggage. Rather than leave your prized iPad, laptop, DVD player or handheld gaming console at home, there is another solution according to Linda Reyes, CEO of International Baggage Insurance (IBI).

“Many travellers fail to realise that some of their most valued electronic possessions are not fully covered by travel insurance and they only find out when they have the need to claim. Most travel insurance policies will not cover items such as tablets, smartphones or laptops. These policies usually set a cap on the amount paid out for stolen or lost luggage. For most travellers, holidaymakers and even business people this might just cover the replacement of the other items in the case, leaving electronic items uncovered meaning many will be out of pocket. Recent research shows that holiday makers and business travellers can take away as many as three expensive electronic items with them on their travels. Losing any of these items can prove costly when you factor in excess charges before you even claim on any insurance.”

IBI has launched a new insurance scheme for travellers that can pay out up to €1,000 for possessions including electronic items and has the option to be topped up at various levels to fully cover and insure what they take on holiday or business with them. Policies start at just €12 for the Basic cover that still offers €300 insurance through to the Superior product that offers €1,000 cover for just €20. This is exactly what travellers now need under the new restrictive regulations. “Most travel policies will be affected by the new ban and decisions to limit the carrying of electronic items to the hold. These policies also impose single item limits on baggage contents that typically do not exceed €350. At IBI we work closely with the airlines to offer this add-on service that will ensure you will receive the right insurance to cover your luggage content. Government legislation is centred on keeping travellers safe and we welcome this. Our role is to keep travellers happy on their continuing journey by ensuring what they take away with them is covered by the right insurance.”

03 June 2017  –  Bdaily.co.uk

You Need IBI on Your Case!
Electronic devices bigger than a smartphone are now banned from hand luggage on flights into the UK and USA when you fly from certain countries. They now have to be carried in the hold and most passengers don’t realise they have limited insurance cover for their possessions including their prized electronic devices.
Most travel insurance policies will not cover electronic items that can be worth as much as £500 – £1000, especially when checked in as hold luggage. Rather than leave your prized iPad, laptop, DVD player or handheld gaming console at home, there is another solution according to Linda Reyes, CEO of International Baggage Insurance (IBI).
“Many travellers fail to realise that some of their most valued electronic possessions are not fully covered by travel insurance and they only find out when they have the need to claim. Most travel insurance policies will not cover items such as tablets, smartphones or laptops. These policies usually set a cap on the amount paid out for stolen or lost luggage. For most travellers, holidaymakers and even business people this might just cover the replacement of the other items in the case, leaving electronic items uncovered meaning many will be out of pocket. Recent research shows that holiday makers and business travellers can take away as many as three expensive electronic items with them on their travels. Losing any of these items can prove costly when you factor in excess charges before you even claim on any insurance.”
IBI has launched a new insurance scheme for travellers that can pay out up to €1,000 for possessions including electronic items and has the option to be topped up at various levels to fully cover and insure what they take on holiday or business with them. Policies start at just €12 for the Basic cover that still offers €300 insurance through to the Superior product that offers €1,000 cover for just €20. This is exactly what travellers now need under the new restrictive regulations according to Linda Reyes.
“Most travel policies will be affected by the new ban and decisions to limit the carrying of electronic items to the hold. These policies also impose single item limits on baggage contents that typically do not exceed €350. At IBI we work closely with the airlines to offer this add-on service that will ensure you will receive the right insurance to cover your luggage content. Government legislation is centred on keeping travellers safe and we welcome this. Our role is to keep travellers happy on their continuing journey by ensuring what they take away with them is covered by the right insurance.”

Travel Daily News International – July 2017
There are an estimated 18 million travel insurance policies sold every year and a staggering 50,000 claims are rejected leaving holidaymakers and business travelers without adequate or any cover at all for their luggage and possessions when a mishap occurs.Thousands of holidaymakers travelling this summer will only find out they have a problem when they try and claim for lost or damaged possessions in their luggage this is because no one is telling them they have inadequate luggage insurance. The majority of travellers will not be adequately covered.

Linda Reyes, CEO of International Baggage Insurance (IBI), warns that the real shock for many holidaymakers comes when they realise the maximum cover for their possessions will hardly pay for a new case, let alone its contents. The limits of most travel insurance policies apply to anything in the luggage; this includes your clothes, shoes, accessories and even the case itself. The average travel policy imposes single item limits on baggage contents that typically don’t exceed 350 euros, so thousands of travellers could find themselves seriously out of pocket. With weight limits and size restrictions imposed by airlines on hand luggage many travellers now will put one or two of their electronic devices into their luggage. This will compound the problem as these electronic items alone can be worth as much as 500 – 1000 euros this is without putting a value onto the contents on them.Some cheaper insurance policies could even make it worthless to make a claim due to the high excess charges and miniscule payouts. Linda Reyes agrees with industry experts that reading and understanding travel insurance details are as important as planning the actual trip.

AVIATION FESTIVAL – WORLD LOW COST AIRLINES CONGRESS + AIRXPERIENCE + AVIATION IT SHOW + AIR RETAIL SHOW + AVIATION MARKETING SOCIAL SUMMIT + AVIATION MARKETING LOYALTY SUMMIT – LONDON – September 2017

IBI exhibited for the first time at this huge 3 day Travel Festival with 6 events happening at once and all in the same place. Over 4000 people had the opportunity to visit the IBI stand and the CEO, Linda Reyes gave a speech on the 2nd day about the product of IBI.

AVIATION SHOW MENASA – DUBAI  – November 2017

IBI attended the show at the Ritz – Carlton DIFC in Dubai on 28th November 2017 as an exhibitor. Meeting with over 400 aviation related people and signing contracts with airlines and tour operators to use IBI as their insurance company of preference for their passengers. Very succesful event.