Asda Financial Services

Asda Financial Services

January 18, 2012 08:00 ET

No Travel Cover for a Third of the UK Population

LONDON, UNITED KINGDOM--(Marketwire - Jan. 18, 2012) - A third of the UK do not have travel insurance in place and over 1 in 10 people have never had any kind of travel insurance when going abroad. A survey carried out on behalf of Asda Financial Services(1) revealed that many consumers believe travel insurance is not necessary as they are covered elsewhere.

One respondent pointed out: "My own private medical insurance covers me for injury, and the excess on my household policy covers me for loss or theft of belongings outside the home." This may or may not be true. But the individual concerned may not have full cover whilst abroad on holiday.

Many of those surveyed also did not see the need to take out travel insurance when travelling in the UK, however without travel insurance it's unlikely they would be covered for holiday cancellation.

It is important to scrutinise what is covered and what is not because travel insurance policies, while they all might look roughly the same, can vary enormously when it comes down to the detail.

In the survey, carried out by eDigital Research, people were also asked to rank the most important benefits of a travel insurance policy. 100% of consumers chose the cover of medical and emergency expenses as their most important benefit of travel insurance cover, with 54.32% choosing the cover of personal money as their second most essential aspect of a travel policy. Personal accident cover was next on consumer lists, with 51.23% of those surveyed placing it third in order of importance.

When compared to the price of a holiday, the cost of travel insurance is a drop in the ocean. So to discover more about low-cost travel insurance, visit Asda Financial Services.

About Asda Travel Insurance

Asda Travel Insurance is sold and underwritten by ACE European Group Ltd, a leading global insurer protecting over 7 million people in the UK.

  • Unlimited medical expenses
  • 15% online discount
  • Single Trip or Annual Holiday Insurance
  • A choice of 3 cover levels
  • Worldwide or European Travel Insurance

Asda Financial Services Ltd is an Introducer Appointed Representative of ACE European Group Ltd. This means that Asda Travel Insurance policies are sold, administered and underwritten by ACE European Group Ltd who is Authorised and Regulated by the Financial Services Authority (FSA), reference number FRN 202803. Full details can be found on the FSA's Register by visiting www.fsa.gov.uk/register/home.do or by contacting the FSA on 0845 606 1234.

(1) Survey commissioned by Digital Research on behalf of Asda

Contact Information

  • Asda Financial Services
    02070821194