Brits switching to single-trip travel insurance
25 February 2009 06:06
Public anxiety over the financial state of the nation is causing Brits to change their holiday habits, travel insurance trends reveal.
According to EssentialTravel.co.uk, Brits are more concerned than ever before about redundancy cover, with many more people also asking about single-trip holiday insurance.
The provider noted that it had seen a 60 per cent increase in telephone and email enquiries since November 2008 from people worried about being covered for cancellation in the event that they lose their jobs.
It also reported that there had been a 70 per cent rise in travellers booking last-minute, single-trip policies; a trend which EssentialTravel.co.uk has dubbed "short-termism".
Commenting on the illuminating report, the company's head of insurance Stuart Benson suggested that travellers are becoming savvy to the last-minute bargains available for holidays online.
"Whereas in recent years people expected to book one, possibly two long holidays plus a couple of short breaks a year, 'short-termism' is now the major factor influencing Brits' holiday choices," he added.
Recently, UKCampSite.co.uk suggested that the UK will see an extra two million caravan holidays in 2009 as people try to cut back on their travel expenditure.