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Post Office cuts the cost of travel insurance

Article by Simon Christopher
Posted: 24/7/2007 - Last updated: -
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The Post Office travel insurance has announced summer special discounts on its range of policies.

Premiums for annual travel multi-trip policies will be cut by £10 per person and single trip policies for six days or more will be reduced by £5 per person from 2nd July until 31st August 2007.

The discounts, which are available on European and Worldwide travel, are intended to encourage more travelers to take out adequate cover for their holiday this summer. Figures released by the Post Office show that nearly half (47%) of holidaymakers are still not taking out any travel insurance cover when they go abroad.

When questioned about the reasons for not buying travel cover, 46% said it was a waste of money and didn't think they'd need it. One in eight people (14%) said they simply forgot to buy it and a further 12% said the cost put them off.

Of those surveyed, holidaymakers in London are the biggest risk takers with 55% saying they had been away without cover at least once. Travellers from Scotland, the Midlands and Wales and the rest of the South are slightly more cautious (48, 45 and 46% respectively had not taken out insurance). Holidaymakers from the North are the most prudent with 57% saying they have never travelled without buying a travel insurance policy first.

Head of Post Office travel Kevin McAdam said: "The amount of people who have admitted to going on holiday without travel insurance is extremely alarming. Our figures confirm that insurance is all too often forgotten in the excitement of planning a holiday, or even worse, it's considered by some to be non-essential.

"But something as commonplace as a lost bag or visit to a doctor abroad could see a person shelling out hundreds of pounds if they aren't covered. Why take the risk?"

Travellers buying Post Office travel insurance online will also benefit from the new summer discounts, as well as receiving a further 10% discount through the Post Office website.



PLEASE NOTE: News items are intended for information only and should not be relied upon when making insurance decisions. Due to their nature, some of the information in these news stories including any references to taxation, legislation, regulation, or other issues may no longer be current.

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