Travel insurance costs higher in the New Year

Costs higher, but coverage the same

Travelling in the new year could cost more for those who elect to purchase travel insurance.

Topdanmark, Tryg, Gouda and Europæiske report that they either have or are in the process of raising prices. Gouda has raised prices by 20 percent, while most Tryg customers are paying 300 kroner more. 

Alm Brand  and Codan are also considering price increases, according to Berlingske.

Costly colour change
The price increases are due to Danes now being required to use the EU Health Insurance Card when they travel, rather than the familiar yellow CPR health insurance card.

The EHIC does not offer exactly the same coverage as the CPR card, however, and residents may be forced to pay for a share of their health costs in the countries the EHIC covers: all 28 EU countries as well as Norway, Iceland, Lichtenstein and Switzerland.

The EHIC’s website states that the card is not an alternative to travel insurance and does not cover any private healthcare or costs such as a return flight to your home country or lost or stolen property,

It also does not cover the cost of travelling for the express purpose of obtaining medical treatment, and it does not guarantee free services as each country’s healthcare system is different.

“We have adapted our insurance so it provides the same coverage and the same service as before,”  Thomas Enna, the vice-president of Topdanmark, told Berlingske Business. “It is clear that it cost us more, so we have changed our insurance policies and our prices.”

READ MORE: CPR cards will no longer provide EU insurance coverage

According to the Finance Act 2014, the state will save about 80 million kroner on switching to more EU-based customers.