One in three do not have travel insurance and over 1 in 10 people have never had any kind of travel insurance when going abroad. A survey carried out on behalf of Asda says that many consumers believe travel insurance is not necessary as they are covered elsewhere.
One pointed out: "My own private medical insurance covers me for injury, and the excess on my household policy covers me for loss or theft of belongings outside the home." This may or may not be true. But the individual concerned may not have full cover whilst abroad on holiday.
People were asked to rank the most important benefits of a travel insurance policy.
100% chose the cover of medical and emergency expenses as their most important benefit of travel insurance cover.
When compared to the price of a holiday, the cost of travel insurance is a drop in the ocean.