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The rising popularity of booking a last-minute break could see more tourists go abroad without travel insurance, it has been suggested.
In research carried out by Sainsbury’s Bank, an estimated 8.8 million tourists purchased a summer holiday this year with no more than two weeks left before they go away.
However, with an estimated three million people going abroad with travel insurance the company suggested that this level could increase further as last-minute deals become more popular.
Steve Johnson, head of travel insurance for the firm, said: “Greater use of the internet and growing competition in the travel industry means that there are many holiday bargains to be had.
“This is great for holidaymakers, but without appropriate insurance in place a holiday can soon turn into a nightmare if disaster strikes.”
He added that the cost of sorting out problems which arise from lacking travel insurance “could run into hundreds or thousands of pounds, surely cancelling out any money saved on a late deal”.
Last month, Tom Griffiths, founder of gapyear.com, reported that the majority of 18 to 24-year-olds usually do not lend much thought to taking out a travel insurance before going abroad.