PENSION GAP : FINAL PREPARATIONS 22 July 2008 1. Paperwork After recently reading in the press about James Pennington, a nineteen-year old from Wimbledon, who sustained severe injuries after a moped accident in Vietnam and then discovered that his insurance policy didn’t cover the costs of medical care and repatriation, one gets a little bit paranoid about travel insurance. This boy’s parents thought that they had done a good job of researching policies on offer to ensure that their son was well-covered for his Gap Year travels. He had the accident in May, just four months in to his travel year and it cost the parents 25,000 pounds. As the boy’s father said to the press, when disaster strikes, insurance companies will happily find a loophole! We are notoriously bad in our family when it comes ... read more