Holidaymakers who forget their travel insurance – by cancelling it or not taking it out in the first place – are ignoring a vital part of their holiday planning.
Graeme Trudgill, of British Insurance Brokers' Association, says it is a false economy not to take out travel insurance: “Many people suffer travel insurance claims. Travel insurance is as important as your suitcase. The thing about travel insurance is you get ever such a lot for not much money.”
People should not rely on their European Health Insurance Card as it only covers basic healthcare and not additional costs, such as repatriation. For instance on ski slopes, many health centres are private, so the cards do not provide coverage.
Research from the Foreign and Commonwealth Office says that the average cost of treating a broken leg in the US is £24,000, while a week's hospital stay in Greece costs between £4,000 and £5,000.