Insurance news now, with the revelation that people claim on their travel insurance more often than you might think:
ONE TRAVEL INSURANCE CLAIM MADE EVERY MINUTE BY BRITISH HOLIDAYMAKERS
The cost of medical treatment for a British couple hit by a drunk driver in the US was £587,000
British holidaymakers made travel insurance claims at an average rate of almost one a minute in 2018, according to the latest industry figures.
The Association of British Insurers (ABI) says that 498,000 claims were made on travel insurance policies in 2018.Source: Independent, 7th June 2019
The Association of British Insurers, the travel insurance industry body, commissioned the research which showed how you never can tell when you might need travel insurance. Unsurprisingly, their spokesperson has advice for would-be travellers on how to avoid a mishap while out of the country:
The ABI’s senior travel policy adviser, Charlie Campbell, said: “The fact that a quarter of Brits travel abroad without the right travel insurance is incredibly worrying.
“Anyone travelling this summer should avoid unnecessary financial and emotional stress by ensuring they have the right cover in place.