UK travel insurance has become an essential for many British travelers on vacations abroad. It's estimated that UK travel insurance companies pay an average of 5.3 million pounds each week to those travelers who become ill or are involved in accidents overseas. This seems like a surprisingly high figure, but it has to do with the fact that the cost of medical care overseas continues to hit record highs.
A total of $454 million was paid out by travel insurers in the UK in the last year alone, most of this going towards meeting the costs of emergency medical care for British travelers. This represents an increase of over 270% in the past 6 years alone. There were over 300,000 claims filed for emergency medical care overseas, which amounted to about 6,500 claims each week.