Sainsbury's Finance is warning winter holidaymakers to make sure they have adequate travel insurance, as it estimates that over a third of those who went on holiday this summer, did so without any travel insurance to cover their trip.
The new research indicates that those under the age of 34 were most likely not to bother buying travel insurance. It is estimated that 39% of those aged 16-24 years and 43% of those aged between 25-34 who travelled abroad this summer, did not or did not intend to take out travel insurance. The most common reasons for people not taking out travel insurance were because they felt they did not need it or could not afford it.
Sam Marrs of Sainsbury's says: "Buying travel insurance should be considered a holiday essential. It is very worrying that many people feel that they do not need travel insurance as no one can guarantee a hiccup-free holiday. We are very concerned by our research findings and would strongly urge winter holidaymakers to purchase a good quality policy before they go, as winter breaks, especially those involving skiing and snowboarding, can often lead to more claims than summer vacations.”
Travel insurance: News update: 10 November 2009