03 Apr 2018 Stay at home holidaymakers are three times more likely to risk going away without insurance than those travelling to Europe, according to a new study released today (date) by Co-op Insurance.
Co-op’s new study highlights the current risks that people are taking, as nearly 6 in 10 adults who holiday within the UK are doing so without insurance.
The average Brit ‘staycates’ twice a year and a further third say they only ever holiday within the UK.
When asked why these people would take the risk of holidaying in the UK without insurance, a quarter said they couldn’t see the point of a travel policy. 20 per cent said they couldn’t afford to get cover and a further one in five admitted they had simply forgotten to arrange insurance.
When looking at the age groups most likely to staycate in the UK without having any insurance, 54-65 year-olds are most likely to risk it, with two thirds (65 per cent) saying this is the case.
Whilst younger people aged 18-24 are least likely to go without protection, half (48%) still don’t bother getting travel insurance.
Colin Butler, Head of Travel Insurance at the Co-op, said: “It’s concerning that so many people holidaying in the UK are doing so without having travel insurance in place.
“Cancellations, accidents or illnesses on holiday within the UK can cost just as much, if not more, than say a trip to Spain. For that reason, it’s really important that despite not ‘jetting off’ on holiday, people consider what insurance cover they might need.”
The Co-op’s new travel insurance product launched in January and offers three types of policies; single trip, annual / multi and backpacker insurance.
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