64% of potential holidaymakers are looking to take a holiday abroad this year. A quarter admit they will be spending less than in previous years, according to research by Aviva. More worryingly, a third confess that they would either not be taking out any travel insurance or were undecided about purchasing it.
Jerry Finch at Aviva says, “Cutting back on the essential protection that travel insurance offers can be a false economy. Accidents and illnesses do happen on holiday, and you could end up footing an expensive medical bill if you have not taken out travel insurance.”
On holiday in Barbados, a customer suffered lacerations when the sink collapsed. They needed medical attention and help travelling home at a cost of £1355. Fortunately, this tourist had taken out travel insurance so everything was taken care of.
If you need to be airlifted home or to get a refund on any unused accommodation because you were in hospital you will have to pay for this yourself and the cost of an air ambulance can run into thousands of pounds.
Travel insurance: News update: 16 March 2010