You are here: Home - Insurance - News -

One in four ignore travel insurance

0
Written by:
12/08/2008

One in four Brits claim not to be taking out any travel insurance for this year’s summer holiday, according to Sainsbury’s Travel Insurance.

The worst age group for neglecting to buy cover for their summer holiday is those aged 55-64, with 32% of respondents in this age bracket saying they are not taking out cover for this year’s summer holiday.

The increasing cost of living seems to explain why some people are skipping taking out insurance this year, with 18% of holidaymakers saying they can’t afford travel cover. This was the second most common excuse cited by this year’s summer holidaymakers and was topped only by the 31% who claim they do not need it.

Steve Johnson, head of insurance at Sainsbury’s Finance, said: “It’s extremely concerning to see how many people are neglecting to take out insurance when going away on holiday. It’s a false economy to do without it and should be regarded as a holiday essential, just as important as packing your passport. Although in the current climate people are understandably looking at ways to reduce their outgoings, insurance is one thing that should not be omitted.

“If something happens to you or your family while you’re abroad, you need to know that you have adequate cover in place to take care of things, whether it’s to reimburse you for lost or stolen belongings, to pay for any medical treatment you may need or even to cover the cost of flying home early as a result of an emergency.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Brits paying for unnecessary life cover

More than three million Britons are unaware their employer provides them with life insurance and could be forking out for...

Close