Heading to Glastonbury? Be prepared! - Home insurance - News | moneyfacts.co.uk


Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Heading to Glastonbury? Be prepared!

Heading to Glastonbury? Be prepared!

Category: Home insurance

Updated: 25/06/2015
First Published: 25/06/2015

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 It is now over 6 months old so the content may be out of date.

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…

Pack your insurance policy as well as your wellies

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.

Top tips for festival-goers

As an extra precaution, Halifax has compiled a few top tips to ensure festival-goers are as prepared as possible:

  • Take pictures of each valuable item you're planning to take and store them on a device that won't be travelling with you. Ideally, you'll have kept receipts as proof of purchase, as this can help to speed up any future claims.
  • Avoid leaving valuables in unattended tents and/or cars, and instead take them with you into the field.
  • Ensure you bring only necessary cash and keep it with you at all times (chances are, there'll be cashpoints somewhere should you run out).
  • Only take necessary items and consider what you can share with friends – not only will this reduce the number of valuable items kept in your camping area, but it'll mean you can pack less, too!
  • Take a small bag with zipped openings that you can easily carry with you.
  • Store valuable belongings in the bottom of your sleeping bag when going to sleep (anyone who wants them will have to get through you!).
  • Use designated lock-up areas if available.
  • Immediately report anything lost or stolen to the police and ask for a crime reference that you can report to your insurer to start the claims process.

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.