Travel insurance key to covering lost holiday cash

Wed, 12 Apr 2006

A good travel insurance policy can help cover Easter holidaymakers who lose large amounts of their holiday spending money.

Recent research by the financial services provider Saga has revealed that the people over the age of 50 are likely to exchange £500 in cash before their holiday.

With so much money on them, many holidaymakers are concerned about losing it or being a victim of crime. The survey suggests even when queuing up at the bank to exchange the money, over a third said they felt vulnerable and a fifth said they felt their security was being put at risk.

Ensuring they have a good travel insurance policy that can cover the loss or theft of sums of money will help put their minds to rest once they jet off on their holidays.

Saga also wants to bring peace of mind to its customers before they get on the plane and have introduced a new way of purchasing money that reduces the amount of time a customer has to be carrying large amounts of cash.

The new service is said to offer good exchange rates, no commission and can deliver the currency directly to a home address after an order has been placed on the phone or internet.

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