More than 50 per cent of UAE residents don't purchase travel insurance, despite their fears of travel-related incidents such as injuries and theft, a new survey has found.
With the summer travelling season well under way and Dubai Airports reporting an ever-increasing numbers of travellers month on month, travel insurance providers are preparing themselves for the surge in claims.
The survey of UAE residents by YouGov found that as many as 80 per cent of travellers have experienced some sort of travel-related incident, with flight delays hitting the top spot, followed by illness, and then by trip postponement or cancellation.
The survey also showed that theft was the top fear listed by 52 per cent of respondents, followed by concern about injury or accident at 44 per cent, and finally the loss of luggage. Despite these fears, the survey found that 58 per cent of residents don't purchase travel insurance, and a third say they only do so occasionally.
With such high incidences of issues and wide-spread concern about the subsequent financial implications of facing issues when travelling, why is it that vacationers aren't more diligent about taking out travel insurance before they jet off?
Jonathan Rawling, CFO of compareit4me.com, says: "It seems that people do want the safety net of travel insurance, but don't really know where to start. Most of us spend a long time saving for, planning and looking forward to our holidays, and the last thing any of us wants is to be thinking about what would happen if the flight was cancelled or overbooked or indeed, if our luggage didn't arrive at our destination or we were to have a medical emergency or loss of belongings while abroad."
"Travel insurance takes all of these worries away, leaving us to focus on enjoying the well-deserved trip. In addition, all of this peace of mind often comes at just a tiny fraction of the cost of your trip," notes Rawling.
He also adds that compareit4me.com has teamed up with Allianz Global Assistance to introduce travel insurance to customers, offering various types of travel cover under three distinct brands.
With the summer travelling season well under way and Dubai Airports reporting an ever-increasing numbers of travellers month on month, travel insurance providers are preparing themselves for the surge in claims.
The survey of UAE residents by YouGov found that as many as 80 per cent of travellers have experienced some sort of travel-related incident, with flight delays hitting the top spot, followed by illness, and then by trip postponement or cancellation.
The survey also showed that theft was the top fear listed by 52 per cent of respondents, followed by concern about injury or accident at 44 per cent, and finally the loss of luggage. Despite these fears, the survey found that 58 per cent of residents don't purchase travel insurance, and a third say they only do so occasionally.
With such high incidences of issues and wide-spread concern about the subsequent financial implications of facing issues when travelling, why is it that vacationers aren't more diligent about taking out travel insurance before they jet off?
Jonathan Rawling, CFO of compareit4me.com, says: "It seems that people do want the safety net of travel insurance, but don't really know where to start. Most of us spend a long time saving for, planning and looking forward to our holidays, and the last thing any of us wants is to be thinking about what would happen if the flight was cancelled or overbooked or indeed, if our luggage didn't arrive at our destination or we were to have a medical emergency or loss of belongings while abroad."
"Travel insurance takes all of these worries away, leaving us to focus on enjoying the well-deserved trip. In addition, all of this peace of mind often comes at just a tiny fraction of the cost of your trip," notes Rawling.
He also adds that compareit4me.com has teamed up with Allianz Global Assistance to introduce travel insurance to customers, offering various types of travel cover under three distinct brands.
