You are here: Home - Insurance - News -

Holidaymakers underestimate cost of emergencies abroad

Written by:
The vast majority of British holidaymakers seriously underestimate the cost of having a medical emergency while abroad, a study has revealed.

Research by travel insurer AllClear found that a mere 10.5 per cent of people aged 45-70 correctly guessed that an accident or emergency in Europe could end up costing an average of between £5,000 and £6,000.

The proportion of 66-70 years olds who got the right answer was just 7 per cent.

Overall, 14 per cent of respondents thought the bill would come to between £500 and £1,000.

According to the report, costs vary widely between countries. While the average emergency medical claim from a trip to Spain is £6,500, in France the average claim is much lower at £2,600. Continent-wide, the average claim is £5,348.

Garry Nelson of AllClear said: “It can be very expensive to fall ill abroad, and our new research demonstrates that the vast majority of people planning on taking a summer break this year have no real idea of how much it could cost if they are unfortunate enough to have a medical emergency.”

While Britons have little understanding of how much the emergencies ultimately cost, they are firm in their conviction that travel insurance firms discriminate against older travellers.

Some 93 per cent of respondents in the oldest age group thought that travel insurance providers were “ageist”. The figure fell to half for all age groups, with only 2.5 per cent strongly disagreeing.

Nelson added: “It’s a pretty damning conclusion. More and more people in older age groups look forward to travelling abroad, and it is a shame that they believe insurers discriminate against them on the grounds of their age.”

Tag Box

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.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week