18 June 2014
Recent research issued by the Foreign and Commonwealth Office (FCO) and Association of British Travel Agents (ABTA) has identified that over 1 in 3 young travellers do not consider travel insurance to be a necessary part of planning for their trip overseas.
Statistics identified that almost half of 16-24 year olds are willing to take the risk of travelling without insurance and 42% choose to travel without it because they believe travel insurance is too expensive.
The FCO and ABTA have produced a useful infographic to highlight the importance of taking out comprehensive travel insurance and checking that the policy covers all of the activities the traveller intends to take part in while overseas.
It is often friends and family back home who have to pick up the pieces and assist with the financial consequences when something goes wrong abroad. This infographic helps to highlight the implications of this as well as providing a useful comparison on the financial equivalent of these costs when compared to more luxury purchases.