Annual travel cover to take a back seat according to Defaqto

Defaqto's latest report into the travel insurance industry has dubbed this as the year of the 'Staycation'.

Brian Brown, head of insight and author of the report said that due to the credit crunch, people in the UK may to choose to limit themselves to one trip abroad this year, and spend more time visiting friends and family in the UK.

He said: "This year customers are more likely to take holidays at home rather than abroad. The number of overseas trips is showing a decline for the first time in two decades with fewer trips to many of the usual destinations."

Mr Brown said that with fewer holidays being

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: