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Travel insurance required for redundancy protection

09 March 2009 07:49

Travel insurance required for redundancy protection

Even with annual travel insurance in place, people must be careful when booking a holiday, it has been claimed.

According to the Association of British Travel Agents, the economic crisis has added a degree of risk to holiday bookings, as thousands of people are being made redundant.

Steve Barnes, corporate marketing manager at the association, suggested that people will carry on holidaying despite the economic doom and gloom because it is ingrained in the "British psyche" to do so every year.

"I really don't think there will be that many people that would cancel their holiday, unless they have been made redundant from work," he said.

"Of course most holiday insurance covers redundancy, so you should be able to get your deposit back, but people should always be careful when they book a holiday."

According to the Office for National Statistics, the number of unemployed people fell by 146,000 in the final three months of 2008. ADNFCR-1320-ID-19061356-ADNFCR