Credit Crunch Affects Travel Insurance
A leading insurance company has urged British holidaymakers not to let the credit crunch stop them from taking out adequate travel insurance for your holiday this summer.
Research carried out by the insurance company found that at least half the number of Brits travelling on holiday would consider not getting travel insurance if their finances were a bit tight as a result of the credit crunch.
A television news programme also reported that we will all have less holidays this year with 33 per cent of people only having one holiday in the sun.
The insurance company have commented on the importance of travel insurance by pointing out the possible situations where you would want holiday insurance, including; any medical emergencies that can cost on average, £1,200. Another issue could be baggage claims that can cost around £220.
The company pointed out that, unfortunately, accidents and illnesses do occur on holiday and they can also mean hefty medical costs as well if you haven’t taken out effective holiday insurance. The company also gave the example of simply falling down some steps in Cyprus and breaking your leg which could cost you £18,000.
According to one travel company, around 6 per cent of holidaymakers are forced to end their trips early as a result of unforeseen accidents occurring whilst they are away.
This helps to highlight the importance of taking out travel insurance before going on your summer holidays. It is possible to find cheap travel insurance by searching and comparing prices of cover offered by different companies.
