27th Jul 09
Staycations also call for travel insurance
by Adam Richards
Although more than 12 million Britons are staying closer to home this summer to save money on holiday costs, they are being warned by travel insurers against cutting travel cover.
With the UK economy still in recession and the pound continuing its weakness against the euro, many British holidaymakers are forgoing this year’s summer holiday abroad. Those who choose a “staycation” instead face the same travel risks they would if travelling overseas, however. Domestic flights are as likely to be cancelled as flights abroad, and damage and theft to belongings is also a potential problem in the UK.
Maxine Baker, travel insurance manager at Moneysupermarket.com, said: “Many Brits may not even consider taking out travel insurance. However, it may be worth considering, especially if they are flying within the UK or taking expensive possessions with them.”
Forty per cent of Britons have indicated that, for financial reasons, they will be taking their main holiday in the UK this summer, travel insurer Liverpool Victoria (LV) said.
John O’Roarke, the managing director of travel insurance at LV, commented: “It’s not surprising that holidaymakers are thinking twice about spending their hard-earned wages on expensive overseas holidays. However, UK holidaymakers should remember that travel insurance is still important.”
Thanks to www.independent.co.uk for the above quotes, for more information on this article please visit their website.
Our Stories
- Tesco store managers see annual bonuses cut
- Royal Mail: half London sorting office to be sold
- Panasonic announces £3.4bn loss
- Thomas Cook attacks government over holidays at home promotion
- Clinton Cards falls into administration
- Wet April sees high street spending fall
- Five tough years ahead for UK jobs market
- Deal struck to save Thomas Cook
- Discount battle leads to sales decline at Morrisons
- Wetherspoon founder: pubs plans to be hit by taxes
- Stores in doubt as Argos profits fall
- Heathrow to increase landing fees
Popular Topics
afghanistan al qaeda amazon Apple ASDA bank of england barack obama BBC british airways china david cameron Debenhams Egypt facebook george osborne Google India ipad iphone ivory coast japan Libya London M&S Marks & Spencer Morrisons nhs North Korea Office for National Statistics pakistan protests russia Sainsbury’s South Korea terrorism Tesco Tunisia UK UK retailers UK retail news UK shopping us Waitrose Wikileaks x factorArchive
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- January 2009
