The Association of British Insurers (ABI) released a news article earlier this month which revealed the eye-watering costs of emergency medical treatment abroad. It was reported that the total medical bill in 2017 for the 510,000 travel insurance claims reached £201 million! This was the highest for six years and worked out at £3.9 million every week.
Of the 510,000 claims, it is understood that insurers helped 159,000 British travellers with emergency medical treatment abroad – the equivalent of just over 3,000 a week. These medical claims accounted for 52% of the £201 million, which is no surprise given the jaw-dropping costs of medical treatment. The ABI's article found here describes the "Costa fortune"costs, for instance, £187,000 for a stroke suffered in Las Vegas, £95,000 for a road accident in Central America and £202,000 for a heart attack on a cruise, which required an air ambulance back to the UK.
Despite these figures, according to an ABTA travel insurance survey in May 2018, 1 in 5 people say they have travelled overseas in the last year without travel insurance, leaving them unprotected against potentially financially crippling medical bills.
We firmly support the ABI's advice that travel insurance should never be overlooked, "when it can cost less than the average family meal while abroad". "Should the worst happen, and you need emergency medical treatment, travel insurance can literally be a lifesaver".
Here at Marlow Gardner and Cooke we arrange insurance for business travel, as well as cover for many individuals and families travelling abroad. Why not get in touch with us to find out how we may be able to protect you?