Gen X the most guilty of ignoring the need for travel insurance.

Mozo

Wednesday 10 April 2013

New research by SureSave has found that Generation X are the most likely to head overseas without travel insurance.

Generation X with no travel insurance

Of 1,000 Australians involved in the research, 24 percent of 30 - 39 year olds admitted to travelling overseas without travel insurance in the last two years.

"If you travel without insurance, you're putting yourself at risk and there can be serious financial consequences. Even a short stay in a US hospital can cost a traveller tens of thousands of dollars if they're not protected. A travel insurance policy is a very small price to pay for coverage in the event that something goes wrong," says Michael Callaghan, executive general manager at SureSave.

But travellers who head overseas without travel insurance are not just at risk of putting themselves out. Australians will now be looking disapprovingly at Generation X with the recent suggestions that a fee should be placed on all Australian travellers to compensate for the costs to DFAT caused by uninsured travellers.

The SureSave research found that travellers aged 60+ were the most diligent at heading abroad covered with a comprehensive travel insurance, with only 13 percent taking the risk to travel uninsured.

Surprisingly, Gen Y 18 - 29 year olds were more responsible travellers than generation X with just 15 percent admitting to travelling without insurance.

"The good news is that 70 percent of all Australian travellers say they wouldn't leave the country without a travel insurance policy," says Michael Callaghan.

However this still leaves a shocking 1 in 8 Australians who say they never bother with travel insurance. Many would be dumbfounded as to why travellers would take this risk, particularly when it is possible to find a comprehensive travel insurance from as little as $1 a day, see here.

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