Sainsbury’s Travel Survey

Sainsbury’s Finance recently commissioned a survey reported in the Telegraph which found those aged 55 to 64 were failing to take out travel insurance, whereas 16 to 24-year-olds were more aware of internet travel insurance offers and over two thirds of student age wisely took out travel insurance policies.

Steve Johnson, head of insurance at Sainsbury’s Finance, said: “It’s a false economy to do without travel insurance and it should be regarded as a holiday essential, it’s just as important as packing your passport.”

Why the older age group acted less responsibly than the younger age group, remains to be understood. Perhaps the younger generation’s affinity with the web, gives them an advantage, as they take more opportunities to utilise the quick and straightforward, online travel insurance cover available.

When the actual cost of buying a policy is considered, be it single trip or annual, it is one of the smaller outlays in any holiday budget. Akin to the price of a meal, there really is no excuse for forgetting to purchase it before travelling.

When the consequences of not possessing a policy are reviewed, the personal costs, liable to the individual, are huge.

Repatriation from the United States could leave holidaymakers with a £70,000 bill, while a stay in an intensive care unit in a Mediterranean hospital could cost almost £1,000 a day.”

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