News

Trip Cancellation and Illness Top Reasons for Irish Travel Insurance Claims

Trip Cancellation and Illness Top Reasons for Irish Travel Insurance Claims

Trip cancellation is the number one reason for Irish travel insurance claims, according to an analysis of data by Allianz Global Assistance Ireland. Medical reimbursement is the second most common reason for travel claims, reflecting the importance of adequate insurance cover when clients take a trip abroad.

 

The data comes as new figures show a record number of Irish people took trips abroad in 2016. According to the Central Statistics Office, more than 6.8 million Irish residents travelled overseas between January and November 2016, compared to 6.5 million who travelled abroad in the same period in 2015, and 6.1 million in 2014.

 

The analysis of Allianz Global Assistance Ireland travel insurance claims in 2016 reveals that more than half, 51%, were for trip cancellation, 14% were for medical reimbursement, 11% for loss of personal possessions, 7% for travel delays, and 5% for trip interruption.

 

Roland Hesse, Managing Director, said: “The recent CSO figures show that more and more Irish people than ever are travelling abroad. You may feel travel insurance is an unnecessary extra cost, but if you are investing hard-earned money on a holiday and you go without travel cover your dream trip could turn into a nightmare. There are so many things that can affect your trip – an unexpected medical emergency, a transport delay, lost or stolen luggage, and more. Insurance will give you peace of mind and prepare you for the unexpected.”

 

Roland sounded a special warning to those travelling to the USA and Canada where medical costs are among the most expensive in the world.

 

He also said that while an existing domestic health insurance plan may cover certain risks abroad, it might not extend to doctor or A&E visits, prescriptions or emergency evacuations – costs that can run into thousands of euro and leave people significantly out of pocket.

 

Top Five Reasons for Travel Insurance Claims 2016

(Source: Allianz Global Assistance Ireland)

  1. Trip cancellation: 51%. (Unforeseen illness, accidental injury, bereavement)
  2. Medical reimbursement: 14%. (Hospital stay, medicines, doctors bills)
  3. Loss of personal possessions: 11%. (Wallets, phones, tablets, laptops, jewellery, luggage)
  4. Travel delay: 7%. (Mechanical failure, unforeseen circumstances)

5. Trip interruption: 5%. (Unforeseen incidents once travel has begun)

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

Trailfinders 1

Trailfinders Ireland’s Award-Winning Ways

Neil SteedmanMarch 22, 2017
Lowcostholidays Facebook Featured Image

CAR Responds to Questions from ITTN on Lowcostholidays.ie

Neil SteedmanMarch 21, 2017
Etihad+Virgin+Australia 3436

Australia for Sun, Scenery and Diverse Natural Beauty

Neil SteedmanMarch 21, 2017
Irish Travel Industry Trade Show

140+ Exhibitors at Irish Travel Industry Trade Show in RDS

Neil SteedmanMarch 21, 2017
Travel Trade Deals

Great Value Travel Deals – 21st March 2017

Sarah SlatteryMarch 21, 2017
u-by-uniworld-river-baroness

TTC Invites Agents to Join Them in Cork and Kinsale

Michael FloodMarch 21, 2017
luxury-city-centre-hotels-in-dublin

Association of Women Travel Executives to Launch Irish Chapter

Michael FloodMarch 21, 2017
IAG Level A330 Aircraft

IAG Launches Level, a Budget Long-Haul Airline

Neil SteedmanMarch 21, 2017
Aer Lingus Sales Team image 2

Aer Lingus Reaches One Million on Transatlantic Routes

Michael FloodMarch 21, 2017

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland