Despite the increasing cost of holidays, a significant number of travellers continue to forgo travel insurance, according to recent findings. A survey conducted by Aviva among 4,000 UK adults revealed that 11 per cent of travellers do not purchase any form of travel insurance — even though the average cost of cancelling a trip exceeds £900.
The lack of coverage can lead to serious consequences. Travellers without insurance risk facing substantial financial burdens, particularly in cases involving overseas medical treatment or emergency repatriation. Insurance also provides assistance during crises, ensuring travellers are not left without support when unexpected issues arise abroad.
Travel insurance generally offers protection against a wide range of scenarios, including emergency medical treatment, repatriation by air ambulance, and accommodation for a companion if hospitalisation occurs. Policies typically also cover trip cancellation, lost luggage, and travel delays, depending on the level of coverage selected.
There are two main types of travel insurance: single-trip and annual multi-trip. Single-trip policies cover one specific holiday, ending upon return. Annual multi-trip policies, on the other hand, cover multiple journeys within a 12-month period. For individuals who travel more than twice a year — whether on extended holidays or weekend getaways — an annual policy can offer convenience and potential cost savings. It’s particularly beneficial for those who often travel on short notice.
Travel insurance is not only relevant for international travel. Domestic holidays can also be disrupted by illness, cancellations, or accidents, and insurance provides an added layer of protection in these cases. Medical emergencies abroad, however, present the most serious financial risks. Industry experts recommend medical coverage of at least £2 million when travelling within Europe and up to £5 million for other destinations worldwide.
Timing is also a crucial factor. Purchasing travel insurance immediately after booking a trip ensures that cancellation cover is active should an unexpected issue arise before departure. Delaying the purchase may result in uncovered costs if something goes wrong before the journey begins.
When comparing travel insurance policies, consumers are advised to pay close attention to policy details and exclusions. One of the most common issues arises around pre-existing medical conditions, which many policies exclude unless explicitly declared and accepted by the insurer. It is vital for travellers to provide full and accurate medical histories to avoid invalidating their cover. Individuals over 65 or those with complex medical conditions may face limited options, as some providers impose restrictions or decline coverage altogether.
The cost of travel insurance varies significantly, influenced by factors such as age, destination, duration, medical history, and planned activities. Coverage for high-risk activities — including skiing or scuba diving — often comes with additional charges. While more expensive policies may offer broader protection, affordable plans can still provide sufficient coverage for travellers with simpler needs.
Ultimately, travel insurance serves as a financial safety net and an essential part of responsible trip planning. As the travel landscape becomes increasingly unpredictable, securing a suitable policy remains one of the most important steps a traveller can take.
Source : Independent
