Many Will Not Holiday Abroad To Save Money

Many people are being hit by financial worries and have decided not to holiday abroad to save money, worryingly though some are saving on their budget by not buying travel insurance.

According to research from AA Travel Insurance, 21% have already decided not to holiday abroad with 40% of them saying that they can’t afford to go this year or that the economy has discouraged them from booking an overseas trip.

Even of those who do plan a holiday, 47% say that the economic situation has affected their travel plans, with the majority saying they are carefully thinking about their budget by cutting back on how much they spend.

Mark Huggins, director of AA Financial Services comments “I’m particularly concerned that a quarter of those cutting corners say they won’t take out travel insurance which is an entirely false economy.”

“It is vital.  An accident or illness that lands you in a European hospital could easily cost you £2,000 over and above what European reciprocal arrangements may include using your EHIC card; and over £10,000 if you are holidaying in the USA.

He adds “You might be exceptionally healthy – but that won’t stop you from needing treatment if for example, you have a bad bout of food poisoning; get sunburned; stung by a jellyfish; have a fall or be involved in a car collision.”

MoneyHighStreet.com comment: Absolutely agree that going on holiday without buying travel insurance may well be a false economy so it well worth considering and including in you budget. Also, if you are going away be aware of what information you divulge on social networking sites, such as Twitter and Facebook, and ensure you don’t put yourself at risk.