News Article Published:
Monday, 12 May 2008
Category:
Insurance
Annual travel insurance marketing is ideal for tourists prone to booking spontaneous last minute deals, according to the Association of British Travel Agents (Abta).
Figures from the Foreign and Commonwealth Office (FCO) suggest that a sizeable amount of last minute holiday bookings for risky adventure trips are booked only days before, for which many travellers will no doubt forget travel insurance.
But Abta press officer Sean Tipton explains that annual travel insurance is value-for-money for those taking more than two trips per year.
Mr Tipton said: "People forget or don't bother to take out insurance, particularly if they are going on short trips.
"The insurance market is the most competitive it's ever been so travel insurance is probably the cheapest it's ever been as well."
Older tourists are one potential target for annual travel insurance, with research by Alliance & Leicester showing that 13 per cent of over-55s take more than five holidays per year.
Meanwhile, Abta figures indicate that over-65s are three times as likely to make an insurance claim than those aged over-35.
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