Glastonbury madness makes contents insurance a must

27 June 2008 / by Joy Tibbs
With all the excitement of heading off to festivals this year, buying contents insurance might be the last thing on the average festival goer's mind. However, Zurich Insurance is warning that failure to insure goods could lead to disappointment and significant financial loss.

According to Zurich Insurance, festival-goers will put goods worth £3billion at risk this summer as festivals attract thieves as well as music lovers. Its research shows that nearly one in ten of people surveyed have had possessions stolen while at live music events.

The insurance firm revealed that the average festival goer could be carrying items worth more than £260, including mobile phones (82 per cent), cameras or memory cards (63 per cent), iPods and MP3 players (16 per cent), wallets (71 per cent) and cash (90 per cent).

And, despite the risks, a surprisingly high proportion fails to safeguard their precious articles against loss, theft and damage. Zurich found that 75 per cent do not take out any home or contents insurance, including many of the 500,000 attending a festival for the first time.

Managing director for Direct & Partnerships at Zurich, Mike Quinton, said: "One in four British adults said they were planning on attending a festival this summer and it would be all too easy to get swept up in the summer spirit and forget to take even the simplest of precautions with their belongings.

"Our research shows that many music lovers are taking unnecessary risks by storing expensive goods in tents, carrying pricey items on them and failing to consider protecting themselves from theft. We urge all festival goers this summer to plan ahead, only take what they need to as well as checking their cover before they go."

Zurich's top tips for those attending Glastonbury and other festivals this year include: leaving debit or credit cards at home; making sure a valid contents or home insurance policy is in place (festival goers may require personal possessions insurance or 'all risks' cover to protect goods away from the home; and using security lock-ups for valuables and passports.

© Fair Investment Company Ltd