Millstream Underwriting Limited has launched a new gap year travel policy through Hiscox in response to a growing demand for the product. The new policy provides cover for up to 365 days, has been designed to address more relevant potential risks including travel disruption, natural catastrophe evacuation and political unrest.
Hiscox wanted to develop a tailored policy specifically aimed at giving customers peace of mind, either for themselves or their children, so they could concentrate on enjoying their gap year experience
The product offers extended cover for more extreme activities including adventure sports, while standard cover includes loss of specialist portable equipment and tuition fees in the event of cancellation or curtailment.
Hiscox’s gap travel policy holders are also entitled to a 10% reduction on the cost of a one-day objective gap year safety course where travellers are given advice, alerted to warning signs and appropriate responses to any potentially dangerous and tricky situations they may face on their gap year.