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Do I need travel insurance for a staycation?

Without the worry that a flight might be cancelled, or the risk of clocking up huge medical bills following an accident abroad, many holidaymakers staying in Britain assume that travel insurance is an unnecessary expense. That’s a mistake, and here’s why.

The uncertain economy, the struggling pound, and the fact that there are loads of fantastic things to do right here in Britain means that ‘staycations’ are hugely popular – indeed, research by Travelodge found that 55% of Britons were planning to holiday in the UK this year. However, without the worry that a flight might be cancelled, or the risk of clocking up huge medical bills following an accident abroad, many holidaymakers staying in Britain assume that travel insurance is an unnecessary expense. That’s a mistake, and here’s why.

3 reasons you need travel insurance in the UK

1.     Your valuables may not be covered. Though some home insurance policies will cover your possessions away from the home, this type of cover is by no means standard. With Britons taking on average £676 worth of valuables away with them on holiday, you need to ask yourself whether you would be prepared (or able) to cover the cost of replacing any items lost, stolen or damaged.

2.     You could lose your no claims bonus. Even if your home insurance does cover personal possessions outside of the home, making a claim against your policy could affect your no claims bonus and, ultimately, the cost of your insurance in future years.

3.     You won’t be covered in the event of cancellation or curtailment. UK hotels can be just as expensive as hotels abroad. If you or a close relative becomes seriously ill before your date of departure, or while you’re away, you could lose a hefty deposit or even the full cost of your accommodation.

Things to check before you buy

1.     What cover do you already have? You may have cover for your valuables under separate mobile phone or gadget insurance policies. If so, you may already be able to claim for most of your valuables without affecting the no claims bonus on your home insurance. Of course, these policies won’t provide cover for anything other than the gadgets listed on them, eg expensive jewellery or clothes won’t be insured, so the personal possessions insurance available with travel insurance may still be necessary.

2.     What constitutes a holiday under your travel insurance policy? Some policies stipulate that you need to be a minimum distance from home, or that your holiday needs to be a set number of days. Make sure that your trip is covered.

A holiday in the UK may pose less of a financial risk if something goes wrong than a holiday abroad. However, with a single trip policy often costing just a few pounds, travel insurance will usually still be worthwhile.

For help finding the right travel insurance policy for you and your family, call Westhill on 020 8308 4348.

Posted By WestHill Insurance on 8th August, 2017