Lack of travel insurance costs Brits £90m
12 May 2009 14:52
British holiday-makers forked out more than £90 million last year on incidents abroad that would have been covered by travel insurance.
That is according to Insure and Go, which has claimed that Brits suffered from 236,000 incidents that could have been claimed against travel cover, which is an increase of 38 per cent on 2007.
However, the insurance provider did disclose that this only affected a minority of Brits, as only 17 per cent travel without adequate cover.
Perry Wilson, founder of Insure and Go, suggested that the current financial situation should be encouraging more consumers to take out travel insurance.
He said: "Thankfully, most people get adequate travel insurance before they go on holiday, but there is still a significant proportion of us going abroad without being insured."
Last week, the Association of British Insurers urged British holiday-makers to check the extent of their travel insurance cover before they purchase their policy.