Why we need insurance in a credit crunch
So its official, the UK is in recession but what does it mean to the average person on the street? Should we completely change our daily routines, scrutinize every expense or cease spending altogether? If the experts are to be believed the UK economy is currently stuck between a rock and a hard place; damned if we don’t spend, thereby stalling the economy further and damned if we do spend when jobs are on the line and credit in short supply.
The irony is that in time of great stress and financial hardship, one of the best ways to relieve the pressure and to recharge is to spend money and take a holiday, sadly this is not an option for everyone. For the fortunate who can carry on as usual or who’ve already booked and paid for their holiday before the financial meltdown, it’s more important than ever to choose the correct travel insurance.
The mention of a holiday is enough to send many into a frenzy of mental packing, squeezing posh frocks, jewellery and expensive gizmos such as videos, digital camera and even laptops into limited suitcase space. This is where travel insurance really comes into its own.
By definition bad luck can strike at anytime but why tempt fate particularly in such uncertain times. Whether travelling by train, plane or automobile being parted from your luggage, losing items of sentimental value is upsetting even if they can be replaced but it will be devastating if they aren’t insured, losing out both emotionally and financially particularly when cash is in short supply.
However this is only one aspect of cover, the best policies will cover cancellation, delays and of course medical expenses and repatriation. Staysure policies can be tailor made to include winter sports, wedding cover, golf equipment and extra baggage and you also insure a single item up to £1,000 by choosing Personal Baggage upgrade to increase the total cover per person up to £2,000, providing a description and value of the item. Furthermore, as an over 50s travel insurance provider they have the distinction of being one of the few in the business to offer specialised medical cover for a wide age range and still manage to keep prices down.
