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Staycationing? You still need insurance

Staycationing? You still need insurance

Category: Travel insurance

Updated: 27/06/2016
First Published: 27/06/2016

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This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Many people will be looking forward to a holiday at this time of year, but it won't always be on foreign soil. Indeed, more and more people are realising the delights of "staycationing", but what they may not realise is that insurance is still important – and that by failing to be insured, they're putting their holiday enjoyment in jeopardy.

New research from Policy Expert shows that 84% of respondents are planning on taking trips in the UK this summer, and they'll be taking an average of £676 of valuables with them when they head off. However, 63% could be doing so uninsured, with this proportion admitting that they don't have any away from home cover as part of their home insurance policy.

And what about travel insurance? You may think it's unnecessary when on home soil, but the same kind of concerns can still apply – what would happen if your holiday was cancelled due to unforeseen circumstances, for example? Without the right travel insurance it could be money down the drain, but despite this, only 32% of respondents said they'd take out travel insurance for a staycation.

Failing to be properly covered could well be a false economy, particularly with 8% of respondents having damaged, lost or had valuables stolen while travelling in the UK – and 31% of those didn't claim on their insurance. The most common items to befall such travel tragedies were mobile phones, cameras, wallets/purses and jewellery, and considering how expensive such items can be to replace, doesn't it make sense to have the necessary insurance – and to claim on it when necessary?

Adam Powell, head of Operations at Policy Expert, spells it out: "Wherever you're holidaying this summer, whether that be on the white shores of the Caribbean or a pebbled beach in Wales, it's important to ensure you're properly insured and that your belongings are covered against loss and theft."

He points out that, if you don't want to take out a separate travel insurance policy, checking the small print in your home insurance to make sure it includes away from home cover is a good place to start, but why would you want to forego travel insurance? Considering how cheap it can be it makes a lot of sense to invest in suitable cover, and that way you can be confident that you're prepared for every eventuality.

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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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