Millions of uninsured holidaymakers lose out
With more than four million foreign holidays cancelled since 2003, holidaymakers who fail to take out insurance may loose out on more than a few weeks in the sun, Sainsbury’s Bank warns.
Around 13% of holidaymakers fail to take out travel insurance when going abroad, according to Sainsbury’s Bank. Its research showed that 4.14 million consumers book and pay for holidays but then are forced to cancel for some reason. Those with no travel insurance are often not reimbursed for the money paid for the trip.
Robert O’May, travel insurance manager at Sainsbury’s Bank, said: “People make significant investment in their holidays but often overlook the fact that things can go wrong while they are away or that they may have to cancel. This makes the fact that so many people travel abroad without insurance all the more alarming.
“One of the main reasons why people travel without insurance may be because they forget to purchase it until it’s too late, so it is advisable to sort out your cover a few days after booking your holiday. This is especially important if you are not travelling for a few months.”