BIBA: Christmas holidaymakers should insure valuables and gifts

People planning to travel during the festive season have been urged to be extra careful to insure all of their valuables, including Christmas gifts.

According to the British Insurance Brokers’ Association (BIBA), holidaymakers should ensure they have adequate cover, especially as doing so is unlikely to break the bank.

However, Graeme Trudgill, technical and corporate affairs executive for BIBA, expanded on the point saying: “What you might have already is, under your home insurance, a personal possessions extension.

“In which case, you’re going to get a much higher limit under your home insurance than you are on any travel product, but also you don’t have to then have that section of the travel insurance policy.”

Research carried out on behalf of Halifax Travel Insurance last year showed that a staggering 2.5 million people leave Britain at Christmas taking with them £727 million worth of presents.

Furthermore, it found, average personal baggage claims go up by an impressive 48 per cent from its annual average of between £560 and £830.

Tags: holidaymakers, personal baggage, season, point, baggage, insurance policy, personal possessions, case