Personal Finance News

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million

News archive

This Week's Personal Finance News Update

01/11/12 - Money advice in increasing demand, says study
31/10/12 - Payment barriers exist for disabled and older people, says study
31/10/12 - Gender differences apparent when financial planning
31/10/12 - Half of Brits shop with a basic credit card, says study
30/10/12 - Number of Brits sitting on forgotten direct debits - 2.68 million
30/10/12 - More than half of parents are unaware of Junior ISAs
30/10/12 - Over 80% of advisers name 'cost & administration' as top employer concern
30/10/12 - Brits left with £1.4bn repair bill during 'mischief week'
29/10/12 - East of England landlords at apex of yield chart
29/10/12 - Buyers more optimistic about Scottish property market

News

06/08/2012 15:12:59

Britons advised to get insurance for £32bn worth of luggage

New research has found that British holidaymakers pack an average of £1,440 in their suitcase and hand luggage when they go abroad.

MoneySupermarket.com also found that four per cent of travellers have had their bag stolen in the past, yet eight per cent have never had travel insurance.

However, even those who take out insurance often buy the wrong product for their needs. More than half were over-insured, while more worryingly, a third were under-insured.
In response to these findings, Bob Atkinson, travel expert at MoneySupermarket.com, had the following financial advice: "It's important to make sure you have the right level of cover in place for your holiday.

"If you're underinsured you could be left out of pocket if you have to make a claim for lost or stolen items."

He also recommended taking out insurance to cover against cancellation and medical expenses, as well as reading the small print to check what is included in the policy.

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