We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Free Redundancy Cover

I couldn't find this mentioned anywhere in the forums so apologies if someone else has already posted it.

I've just booked with Thomson who are offering free redundancy cover with their package hols. You basically get the price of your hol refunded (inc deposit) if you find yourself made redundant before the time of travelling. Conditions apply of course but the gist is that as long as you weren't under threat of redundancy at the time of booking you should be ok.

I mean it's a small thing....and probably covered by any decent travel insurance but if you're a skinflint with holiday ins like me...it's something else you don't need to pay for...

Comments

  • London50
    London50 Posts: 1,850 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi Slubberd
    I do understand where you are coming from with this, money in your pocket rather than the TO. What you do need to ask yourself is "Just how safe is my job?""Can I afford to risk letting all that money I have paid for my holiday go if the worst was to happen?" If you can say either "I know I will not be made redundent" or " Yes I will except the lose of both the money I have paid as well as my holiday" then go ahead and decline the offer of the extra cover. We all know that we have {or Should} take out travel insurance and 96% of holidaymakers NEVER have to claim, therefore making it a unneeded expence but look at the horror stories of the small amount of people that get hurt badley while away and end up having to pay £1000's in hospital fees. I know {as we all hope} it will not happen to me but remember IT CAN!!Bite the bullet {have 1 or 2 less drinks each day} and if you are one of the masses that still has a job both at the start and end of your holiday be happy and except that {this time} you are a bit lower in spending cash but at least a few hours of overtime will soon replace what you spent on the cover
  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think it's a fair post rather than advoctaing not taking insurance. More just suggesting the redundancy cover provided means the policy you can take out can be more basic if required. (I'm not sure many insurance policies even cover redundancy anyway)
  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As with any Insurance Policy, read the small print as it will not apply to everyone
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.