According to research carried out by GfK NOP during the period 12-14th May 2006 over 4 million people have canceled their holidays in the last three years.
The research, carried out on behalf of Sainsbury’s travel insurance revealed every year many would be tourists are forced to cancel their long awaited annual vacation due to unforeseen circumstances.
Unfortunately since around 13% (1) of holiday makers fail to take out holiday insurance many will be unable to recoup the cost of these canceled pre-paid holidays. To make matters worse many leave purchasing holiday insurance until closer to the departure date and are therefore not covered for this pre-trip problem.
The Sainsbury’s travel insurance report highlights the top reasons why people cancel their annual vacations. Top of the list being sickness of a relative/friend closely followed be sickness to the policy holder themselves. Other reasons included for canceling a holiday are work related issues, natural disasters, relationship breakdowns, wedding, Christening’s, funerals and the fear or occurrence of a terrorist attack.
Sainsbury’s Bank travel insurance has been voted...
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