Tuesday, September 29, 2009
Category:
Secured Loans
According to new research by Saga Travel Insurance, September is the most popular month for holidays amongst those over 50 years of age.
In fact, it was found that 61 percent over over-50s holidays were taken in September of last year. The research also revealed that 61 percent of holidaymakers will commence their travels on a Saturday, and that the average duration of a trip is 14 days. In addition, it was discovered that Wednesday is the best day of the week for avoiding ‘the rush’, and that Christmas Day and New Years Eve are the least preferred days on which to travel.
Saga Travel Insurance warns holidaymakers that even the best laid plans can result in unavoidable incidents from occurring, and that ‘cancellations’ formed the greatest proportion of travel claims in 2008. The average cancellation cost stood at £1,039 per person, with medical expenses coming in second at £2,089 per person. Nevertheless, it was discovered that 5 percent of those over 50 years of age, and 9 percent of those under 50 years of age, still plan to venture abroad without insurance.
Executive chairman of Saga Group, Andrew Goodsell, commented: "It appears that for many of the over 50s, recession concerns are diminishing fast. They are more confident about the future and are buying travel insurance in record numbers, indeed we experienced a 14% increase in sales last month. In terms of overseas destinations people are in particular heading for Spain, France, Italy and the US."
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Homeowners who are still paying for their last break in the sun, perhaps in the form of credit card bills or personal loan repayments, could consider consolidating these with a secured loan. One of many finance options available, a secured loan for debt consolidation could leave the borrower with just one monthly repayment as opposed to several. Not only this, but the single monthly repayment could even be lower than existing outgoings. However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
