Holidaymakers could be facing bills for thousands of pounds as they plan to skip purchasing a travel insurance policy, it has been found.
After discovering that 48 per cent of people plan to cut corners financially due to the credit crunch, American Express did more research and found that travel insurance is one of the things many plan to do without.
However, the organisation warned that this could mean 14.5 million people facing huge medical bills and repatriation charges should something go wrong.
Chris Rolland, head of American Express Insurance Services, commented that although it may be tempting when money is tight, travellers should never go without cover.
“Should something happen, the current economic market means that the last thing Brits need now is an unexpected bill,” he warned.
Earlier this month, travellers, including those going on holidays to India, were urged to ensure their insurance policy is comprehensive enough to cover even unforeseen circumstances by an insurance expert from comparethemarket.com.