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Daily Insurance Industry News
Monday 23rd of April 2018
August 20, 2008

Legal & General urge holidaymakers to take out insurance

by Richard Kilner

Story link: Legal & General urge holidaymakers to take out insurance

Legal & General has conducted research which reveals that the effects of the credit crunch has given the British public pause for thought when considering holiday plans.

More than a quarter (26%) replied that they were now not going on holiday, with a fifth stating they were to go on a less expensive holiday.

Almost two-fifths (39%) said that they were going to spend more time at home due to the recent financial difficulties caused by the credit crunch.

Regardless of whether a holiday is domestic or overseas, it remains important to ensure that adequate coverage for holiday luggage and contents is taken out.

According to Legal & General’s calculations, luggage for a family of four could be worth in excess of £3,000, with a single person’s holdall for a last minute weekend break worth well over £1,000.

Technical services leader Elaine Parkes has explained that many people discount the value of the bag or suitcase itself, and that designer labels can quickly add up to very high sums.

Parkes went on to urge holidaymakers to take out proper insurance coverage for their holiday activities, as well as their luggage.

Legal & General advises travellers to keep their insurance details in their hand luggage, just in case their suitcases are lost.

 

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