Britons 'don't think they need' travel insurance, poll finds
More than 13 million Britons will go on holiday this summer without first taking out travel insurance, Sainsbury's Finance said today.According to the firm, one in five people believe that they "can't afford" the cover - while a further third feel that they "do not need" it.Surprisingly, youngsters were found to be showing a more responsible attitude to their summer holidays than their elders.While more than four in five 16 to 24-year-olds were taking out cover for the trip, the same can be said of just 68 per cent of 55 to 64-year-olds.Commenting, Steve Johnson at Sainsbury's said: "It's extremely concerning to see how many people are neglecting to take out insurance when going away on holiday. "It's a false economy to do without it and should be regarded as a holiday essential, just as important as packing your passport." He added: "Although in the current climate people are understandably looking at ways to reduce their outgoings, insurance is one thing that should not be omitted."
Share this..
Related stories
Can We Trust MPs To Look After Our Finances?
Over the last few months there has been a ground swell of support amongst MPs to increase their salaries to take into account a whole host of expenses which they look set to lose in the short term. There has even been talk of MPs being paid a bonus for attending the House of Commons, something which is totally unheard of in the private sector. So can we trust MPs to look after the public purse w...
Read MoreWill Stagecoach save National Express?
The potential Stagecoach and National Express merger took an unexpected turn this morning with news that Stagecoach effectively ruled itself out of a bid in September and is, under takeover and merger rules, unable to make an offer for the company for six months. The only potential route around this restriction is if Stagecoach is invited by the management of National Express to put together some...
Read MoreNew pension freedoms could increase risk of fraud
30/12/2014 The new pension freedoms and flexibilities announced in the 2014 Budget may mean that pensioners are more exposed to losing their life savings to scammers. Pension scammers are evolving their tactics to try and get as much money as possible out of those aged 55 and over, which may be easier for them after the new regulations come into place. Standard Life, a long term savings...
Read MoreCould UK mortgage rates really hit 14% within two years?
As a consequence of a Think Tank forecast that UK base rates could rise to 8% over next two years, after the UK finally exits a potential double dip recession, there is the possibility that UK mortgage rates could rise to between 12% and 14%. This would be a crippling rise for the UK property market and could potentially push the UK back into a downward economic spiral. There is no doubt that even...
Read MoreRailway strike could cost £600 million a day
It has been revealed that millions of people in the UK could struggle to make it to work on Tuesday, 6 April due to the rail strike. It is estimated that 10% of the 30 million UK workforce will be affected which will cost the UK economy around £600 million a day in lost revenue and extra cost. It will be interesting to see whether the rail strike proceeds as planned because it has the potential t...
Read More