4,000 depend on travel insurance a week
The latest figures have found that over 4,300 holiday makers every week depend on their travel insurance, yet many are still risking travelling without this all important precaution.
The new data from the Association of British Insurers (ABI) found that alongside the rising number of people needing travel insurance every week
whilst travelling abroad, the figure for the average claim is also on the rise. The average cost of a claim for medical expenses on a full travel insurance policy totalled £930 in 2013, compared to £616 on average in 2004.
“Travel insurers pay out an average of £4 million every week”
The report also found that “travel insurers pay out an average of £4 million every week to help to ease the stress and cushion the blow when there is a medical emergency abroad”, according to Aidan Kerr, Head of Travel Insurance at the ABI.
The report also highlighted the value of travel insurance, with the average policy costing just £36, which is a stark contrast to the average policy medical claim now at £930. Kerr went on to say that “No one expects to go holiday and have to make a claim on their travel insurance. However, unfortunately for many travellers, having something go wrong can be a very real experience”, which suggests that skipping travel insurance is never a risk worth taking.
Yet this is a risk that too many take year after year, with the report finding one in five holiday makers, equalling 19 per cent overall, risk travel without insurance. This totals an approximate six million holiday makers every year travelling without insurance.
With so many different types of low cost travel insurance now available, including travel insurance for 65 plus and other specific age brackets, there is no excuse to take any risks with your holiday.
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