Most Brits take out travel insurance
26 January 2009 09:02
Most British holidaymakers are likely to take out travel insurance when they go abroad, it has been discovered.
New research of 3,700 travellers from around the world by TripAdvisor has found that 85 per cent of British travellers claim to have taken out travel insurance to accompany their holidays within the last 12 months.
This is higher than the 73 per cent of those worldwide who consider travel insurance a worthwhile investment.
However, worryingly for Brits, only 74 per cent stated that they planned to take out travel insurance to cover their journeys in the next year.
And over half a million Brits will see the benefit of travel insurance when they lose their passport.
Research from Halifax Travel Insurance has stated that more than half a million people lose their passports every year while on holiday at a cost of £389 million a year.
The expenses of this loss also go beyond just the cost of a new passport with holidaymakers having to stump up for a change of flights and extra accommodation while the problem is resolved.