A new survey by Moneysupermarket has revealed that many UK holidaymakers are prepared to risk travelling without buying travel insurance.
With so many cheap online last minute holiday deals available at the click of a mouse, it appears that Brits are neglecting to protect themselves and their belongings against the most common holiday emergencies.
A staggering one in five of us go abroad without travel insurance, and half of those do so intentionally with the rest forgetting to arrange insurance cover. Men are worst with 12% deliberately travelling uninsured compared to nearly 9% of women. Alarmingly, 4% of those surveyed admitted that they never take out any travel insurance cover.*
Director of insurance at Moneysupermarket, Richard Mason, said: “With the prospect of spending a few days in the sun, it appears travel insurance is the last thing on the mind of some British holidaymakers. Whilst they might think nothing will happen to them while away, travel insurance is vital for claiming on cancellations, lost cash, public liability and providing emergency medical treatment. It gives you added peace of mind should anything go wrong.”*
The research also showed that UK travellers in their twenties are most likely to travel intentionally uninsured. Of those that do invest in a travel insurance policy, the survey reveals that 52% of the respondents shop around and find their own policy using internet research whilst 14% buy the insurance policy offered by their travel agent,* which is often more expensive.
Unforeseen events can lead to health related emergencies no matter where in the world you are. Without adequate travel insurance, travellers are liable to cover all relevant medical and repatriation costs themselves.
Example repatriation costs: **
Air ambulance from the East coast of USA – £30-35,000
Scheduled flight from the Mediterranean – £3,000-£4,500
Scheduled flight from Australia – £8,500
Repatriation is expensive and at a time when the number one priority is to get home, you do not want to be stranded in a far flung destination wondering why you didn’t get the travel insurance cover before you left, so check out 24/7 travel insurance for an instant online quote!
Whilst a valid European Health Insurance Card (EHIC), previously known as the E111, does provide access to reduced-cost medical treatment in Europe, it may not provide all the cover that may be required.
Great value travel insurance…
You can purchase great value travel insurance direct at 24/7 travel insurance. For a 3-day break in Europe, it will cost you just £5.32 † – a small price to pay to really relax and enjoy your holiday all the more!
* Source – UK Insurance Index (August 09)
** Source – Cultural Cube (July 09)
† Premium £5.32 includes Insurance Premium Tax based on an individual aged under 55 taking out a Standard Single-trip 24/7 travel insurance policy for 3 days in Europe excluding personal possessions cover and purchased within 14 days of departure date. Cover details and prices are correct at time of going to press (September 2009) and are subject to change.