The Money Stop

With the travel insurance market more competitive than ever, insurance policies are currently “very good value”, an expert has said.

The Association of British Travel Agents (ABTA) has said that “travel insurance is probably the cheapest it’s ever been”. Despite this, people often do not bother or forget to take out a policy, particularly if they are going on short trips, according to the organisation.

A recent report from the Association of British Insurers revealed that the group most likely to make an insurance claim are those aged over 65.

In fact, over 65-year-olds are three times as likely to make a claim as those aged over 35 and the costs are on average three and a half times more expensive than those of under 50-year-olds.

ABTA says people who travel at least twice a year, particularly if they take short or last minute holidays, should consider an annual policy as this will cover them in case they forget to take out insurance.

“If you’re the kind of person who is fairly spontaneous and takes advantage of last-minute cheap deals then the easiest thing to do is take up an annual policy,” advises Sean Tipton, a spokesman for the ABTA.

Related Posts

Holidaying without insurance “incredibly irresponsible”

Going on an adventurous holiday and risking serious injury without travel insurance is "incredibly irresponsible", the Association of British Travel Agents (ABTA) has said.A recent survey for the Foreign Office revealed that 20 per cent

Travel insurance is a ‘wise’ purchase for activity holidays

People heading off for an action-packed holiday this summer have been advised that travel insurance is "undoubtedly the wisest purchase" they can make before they go abroad, according to STA Travel. A spokesperson for the

Norwich Union: Sporting fans can use ordinary travel insurance

With major sporting events such as Euro 2008 and the Beijing Olympics taking place this summer, Norwich Union has advised sports fans that they can travel abroad to watch these events with normal travel insurance.Sally

£6.1bn cost of holiday cancellations

British holidaymakers lost a combined total of £6.1 billion last summer because they had to cancel their trips.Figures released by More Than show that millions of people lost out financially because they did not have

Last minute getaways go uncovered

Holidaymakers may think they have bagged a bargain when they jet off on a last-minute break, but forgetting to organise travel insurance can leave them out of pocket.Research carried out by Sainsbury's Bank revealed that

Holidaymakers ‘losing out’ on travel insurance

Halifax Travel Insurance has reminded holidaymakers to think ahead when purchasing cover for their trips, as many people are leaving themselves out of pocket.According to recent research, over 50 per cent of all travel policy

Travel Insurance

People in the UK love to travel abroad, and every year millions of us jet off on our holidays or even on business trips to countries all around the globe. However, when travelling to a

Students forgetting to take out insurance cover

It has become traditional for many students in the UK to take a year out after graduating from university to travel the world or get some work experience abroad before settling down to handle 'real