Beach

On the period before the Christmas season, more Brits are headed for their annual UK holidays to spend quality time with their loved ones. This is admirable but there’s one aspect that is often overlooked, most of these individuals don’t avail of travel insurance whenever they go on UK holidays.

This claim was based on the new research conducted by Go compare website, stating that majority of their traveler-respondents in the survey said that they don’t avail of travel insurance whenever they go on a trip to their second homes or spending the holiday in family’s or friend’s houses during their trips.

The results showed that vacationers are nine times more likely to travel within UK without travel insurance compared to those who availed package holidays both within the country or abroad. Travellers abroad may invest more in specific items and clothing for their holiday such as swimwear, diving equipment if they are going for a beach or diving holiday.

Respondents reasoned that they would rather spend the money on other stuff rather than on travel insurance.

British travel site TravelBite advised travellers that before having a holiday in your home country or outside the country, they should avail themselves of holiday insurance in order to have security when something unexpected happens.

The travel site also specified countries outside the European Union which could charge higher premium when covering travel insurances. These countries are Croatia and Turkey amongst others.

This report came out after a series of survey conducted revealed that more consumers are still saving up to spend vacation despite the financial crisis. However, the vacationers are likely to spend on only one major vacation per year as opposed to previous years where they get to fly out more than once.

The travel website stressed that the current economic situation was definitely a major factor among vacationers as to where to spend their holidays. The weaker currency means that they’ll likely shell out more money but despite this predicament, the travel industry has just become competitive thanks to reasonable travel packages and holiday insurance offered to travelers.

Top destinations by British travelers include Greece and Spain. Despite the declining value of the pound against the euro, the vacationers from the country still go to the aforementioned countries.

Consumer experts are reminding the public that securing holidays with the right insurance policy is more important today that it has ever been. The economy is down and the collapse of the XL Leisure Group is only a reminder of how bad things are getting.

British Insurers are advising holiday going families to read their travel insurance policies thoroughly. Many Holiday insurance providers do not cover trips that are cancelled because of air carrier or tour operator going bust. In today’s weakening economy, it may be safer for people to spring for travel insurance policies with extensive coverage. It may be more expensive but at least travelers can rest assured that their Holidays are covered.

Holiday experts are also saying that it may be safer to pay for trips using credit cards or debit cards. A lot of carriers have an easier time refunding clients if they use these modes of Payment.

The XL leisure group collapse was announced on September 12, 2008. As of now, 11 companies associated with XL have been put on administration. The XL Leisure group’s crash is considered the biggest British air carrier/tour group crash ever since 1974.  XL once considered itself the biggest tour provider in the United Kingdom.

Anyone needing help getting their money back from XL, please check the Moneysavingsexpert site for help: http://forums.moneysavingexpert.com/showthread.html?t=1152827