Brits 'could save money' through annual travel insurance
Annual Travel Insurance
04 January 2006 Brits 'could save money' through annual travel insurance Over six million people could save themselves money by buying annual travel insurance according to a recent report.
Conducted by Sainsbury's Bank, the survey found that over the past 12 months 6.4 million people took several trips but purchased single trip travel insurance rather than an annual multi-trip travel insurance policy.
"The beginning of the year is one of the busiest times for holiday booking. However, as people get excited about choosing where to go, they can often overlook the importance of choosing the right travel insurance policy or even forget to take out cover at all, especially when taking shorter weekend breaks," commented Karen Preston, travel insurance manager, Sainsbury's Bank.
"Before buying insurance, you should consider whether you are going to make multiple trips abroad as you could make a substantial saving by purchasing an annual policy instead of single cover for each trip," Ms Preston added.
The bank's research revealed that 69 million Britons took a foreign holiday in the past year, with 22 per cent of this amount travelling abroad on numerous occasions. It also estimated that a family travelling to Europe three times during the coming year covered by annual travel insurance could save themselves roughly a quarter of the amount spent on single trip cover.
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