Newspaper article Manchester Evening News

News /Alert over Cash

Newspaper article Manchester Evening News

News /Alert over Cash

Article excerpt

THIS is why it could be risky to take large amounts of cash on holiday.

A new study has revealed that nearly two out of five people take more than £500 in cash with them when they travel.

However, many travel insurance policies only provide cover for lost and stolen cash up to half that amount - which could leave travellers out of pocket if something goes wrong.

The research, by Consumer Intelligence also highlighted that as well as only covering travellers for up to £250 if money is lost and stolen, some policies also come with an excess of up to £100.

It is advising the two million Brits who are expected to head abroad during the Easter holidays to look at alternatives such as pre-paid cards which will cost holidaymakers less if they are lost or stolen.

Andy Buller, Consumer Intelligence travel money expert said: "I'm constantly surprised by the amount of cash holidaymakers still choose to take out of the country given the decline in the use of cash at home. …

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