Home insurance Updated:
Music lovers, it's time to get excited – Glastonbury is almost with us! But, if you're one of the thousands of revellers set to pitch up your tent at the UK's biggest music festival, are you sure you're prepared? We don't want to put a dampener on things, but if you don't protect your valuables, it could be a costly weekend…
Research from Halifax Insurance has revealed that the typical festival-goer will spend an average of £168 each day, with around 26% spending between £200 and £500 per day. That's a lot of cash you'll need to carry with you, and that's before we even get to the cost of your belongings, with revellers also admitting that they take an average of £187 worth of items to festivals – with 7% carrying in excess of £500 worth of belongings.
This could be anything from smartphones and cameras to sunglasses, wallets and bags, and unsurprisingly, these small items are the ones that are most commonly lost or stolen at music festivals. Despite the risk, a quarter of respondents admitted that they aren't covered by suitable insurance, and a third said they were unsure if their possessions are protected outside the home.
This is something that needs to be checked, particularly if you're planning on taking more pricey technology with you. It's vital you take precautions before hitting the field, because if not, you could be left with more than a regular hangover – you could have a serious financial one!
Martyn Foulds of Halifax Insurance commented on the findings: "Eight out of 10 of us have been to a festival, but not enough people are taking proper steps to protect the belongings they insist on bringing along. Taking a few minutes to check your home insurance and considering extending your contents policy to personal belongings outside the home is a small investment that could help avoid waking up with a muddy and expensive hangover – especially if you're taking smartphones and other devices to share updates and photos."
Just think of how much it would cost to replace your belongings if they were lost or stolen. Could you cover the expense? If not, it's vital to make sure you're fully protected with the right insurance. Check the small print of your policy so you know exactly what's included, and if you haven't got suitable cover, consider extending it. All it could take is a quick phone call, after which you can head off to Glastonbury safe in the knowledge that you're completely covered.
As an extra precaution, Halifax has compiled a few top tips to ensure festival-goers are as prepared as possible:
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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