Holidaymakers not researching travel insurance
26 January 2009 21:11
While price-conscious Brits are spending more time online searching out the best possible holiday bargains, few are taking the time to research the cheapest annual travel insurance, new research reveals.
According to financial services provider greenbee.com, more than 54 per cent of people spend less than 30 minutes arranging their holiday insurance, despite the fact that different policies vary so much in terms of price and cover offered.
What's more, although one in five people spends more than eight hours sifting through the vast resources of the internet to get the cheapest deal, only 17 per cent factor in exchange rates despite the tumble that the sterling has taken in recent months.
James Furse, managing director of greenbee.com, which is part of the John Lewis Partnership, suggested that identifying the best deal is crucial in the current financial climate.
"Travel insurance, and not having appropriate cover, should also be seen as an essential part of the holiday check list.
"Those who fall ill or are injured on holiday can quickly discover how expensive overseas medical treatment can be," he added.
Meanwhile, a travel expert claimed earlier this month that holidaymakers travelling without cover to try and save money could find themselves much more out of pocket if anything goes wrong during their trip.