Travel insurance is a ‘wise’ purchase for activity holidays

People heading off for an action-packed holiday this summer have been advised that travel http://www.themoneystop.co.uk/car-insurance” target=”_self”>insurance is “undoubtedly the wisest purchase” they can make before they go abroad, according to STA Travel.

A spokesperson for the company noted that travel insurance is an important consideration for anyone planning a gap year, as it can provide cover in the event of a holidaymaker needing medical attention, or if they lose any possessions.

The company warned travellers not to view travel cover as an “unnecessary cost”.

“You should ensure the travel insurance you take out covers all the countries you plan to travel to and any activities you plan to participate in,” the spokesperson commented.

According to a recent study conducted by Defaqto, one in seven holidaymakers travel overseas without a travel insurance policy.

Travellers considering adventure holidays such as rafting the Grand Canyon or reaching Everest Base Camp should ensure they are properly covered by travel insurance.

Tags: adventure, Hospitality Recreation, Everest Base, possessions, spokesperson, Camp, everest base camp, economics

Home insurance is an “important consideration”

Home insurance may seem expensive for low-income households, however it should be an “important consideration,” according to insurance comparison website Confused.com.

Weekly payment schemes such as the one recently launched by Zurich Municipal can make home insurance more accessible to those on a low income, Debra Williams, managing director at the website commented.

Zurich Municipal launched a new scheme to help increase access to home contents insurance for social housing residents by helping them to insure based on what they need rather than what they can afford.

“We would hope the ability to spread the cost will encourage people to consider home contents insurance as a way of protecting their treasured possessions,” Ms Williams said.

The latest AA British Insurance Premium Index reveals that the widely-predicted price increases in home insurance following last year’s flooding are not being realised.

Andrew Strong of the AA said this could be explained by a rise in the number of risks not being quoted by some insurers, indicating a sensitivity to the risk of floods.

Tags: com, Types of insurance, finance, ms williams, aa, possessions, Managing director

Do tenants need home insurance?

Home insurance is a vital form of protective cover for homeowners, as it provides valuable protection against the financial losses related to damage to the home, or damage, theft, or loss of belongings. Read more

Tags: theft, home, rented, belongings, possessions, cover, tenant

Wrong insurance costs Brits £750 million

Having the wrong insurance cost Britons £750 million in the last year, according to new research.

The figure is the sum total of the value of claims people who had lost cars, holidays and other possessions which they thought were insured, but which turned out not to be covered by their policies.

One million people had claims rejected, with an average value of £736, the research from Tesco Personal Finance found.

The company also found that 55 per cent of insurance buyers only skim read the terms of their policies.

Peter Dingle, managing director at TescoCompare.com, said: “It is worrying that so many of us have made mistakes in the past twelve months. With the pace of modern life, many perhaps simply do not have the time to make sure they understand what they are buying.”

Mr Dingle’s comments are borne out by other findings in the research.

Four and a half million shoppers were found to have bought an item of clothing in the last 12 months only to find out later that it was dry-clean only.

Tags: Brits, research, 12 months, life, possessions, britons, cost, Financial economics