Holiday Travel Insurance Survey June 2007
Holiday insurance
Why buy travel insurance? This is certainly one of the dullest items on your holiday checklist. Recent studies in Britain and Ireland have found that a lot of people are simply not taking out travel insurance or knowing what it actually covers.
In Ireland the VHI (Irish health insurer) published a survey in June stating that only 57 per cent of Irish People who travelled abroad for leisure purposes in 2006 took out travel insurance. According to Declan Moran of VHI Healthcare "Two out of every five people are travelling abroad with no travel insurance. They need to consider the risks."
Their research investigated the number of members requiring emergency treatment abroad last year and found that 2,338 individuals required emergency treatment while abroad, incurring costs of €8,712,239. The total cost of transporting Vhi Healthcare members back to Ireland following emergency medical treatment totalled €1,505,147 in 2006.
The research was conducted by TNS MRBI on behalf of Multi Trip from Vhi Healthcare in April 2007 and saw over 1,000 adults nationwide quizzed about their travel habits and plans.
Meanwhile a study published in mid June in the UK showed more than three quarters of holidaymakers had no idea whether their travel insurance gave them the right protection. Of 2,000 people questioned by Go Travel Insurance,78 per cent said they had not read the terms and conditions on their policies and did not know the details of their cover, including exclusions and the level of protection offered.
© 2007 jml Insurance Services
See also: Travel Trouble Ahead! - May 2008
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