London, UK (PRWeb UK) February 18, 2010
The Post Office is reminding people to consider their travel insurance options this year as more than half (58 per cent) of UK adults are planning to take at least one overseas holiday this year, according to new research by First Rate Exchange Services.
The research found those aged from 18 to 24 are the most likely to be planning a holiday abroad this year, with 64 per cent of this group lining up an overseas trip. This compares to just 54 per cent of 35 to 44-year-olds planning to head overseas. However, nearly a quarter of this age group (24 per cent) say they are still undecided about their holiday plans .
Consequently, the Post Office is urging travellers to make sure they remember to take out sufficient travel insurance before they go away, as Post Office Travel Insurance research has revealed as many as 20 per cent of travellers fail to take out travel insurance cover before departing, leaving themselves open to unexpected costs.
The Post Office is reminding all would-be travellers, regardless of age, that taking out travel insurance is essential for travel. As well as medical emergencies, travel insurance can cover loss of luggage or other personal belongings such as passports and money, as well as cancelled or delayed flights.
Post Office Travel Insurance also suggests weighing up the benefits of a multi-trip travel insurance policy versus a single-trip travel insurance policy when considering travel insurance options. If a UK holidaymaker is planning more than one trip abroad within a year, a multi-trip travel insurance policy may be a cheaper option overall compared to a single-trip travel insurance policy.