Young take travel insurance risks, study shows

Thu, 25 May 2006

Younger holidaymakers are less likely to take out travel insurance when taking heading abroad, according to research.

The study, conducted by Post Office travel services, states that of the 1.5 million 18 to 24-year-olds in the UK who take a short break, 22 per cent wouldn't take out travel insurance.

This compares with around 12 per cent of 45 to 54-year-olds.

Hugh Stacey, head of travel services at Post Office, described the situation as "worrying", referring to travel insurance as a "holiday essential".

"Short breaks appeal to younger jetsetters who have the freedom and cash to escape for a spontaneous weekend away. Only 14 per cent of all short break policies sold by the Post Office last year were purchased by 18 to 24-year-olds, the majority being bought by older age groups," said Mr Stacey.

Figures from ICM Research in 2005 also indicate that 31 per cent took a short break, compared with just 17 per cent of 45 to 54-year-olds.

Other figures show that 73 per cent of young travellers, some without travel insurance, are planning to take more than one holiday this year, compared to 59 per cent last year.

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