Martin Lewis has issued a stark warning to holidaymakers about a common booking mistake that could leave them out of pocket. The money-saving expert urged travellers to arrange travel insurance as soon as they book a holiday, rather than waiting until just before departure.
In the latest Money Saving Expert newsletter, Lewis stressed that travel insurance provides protection before a trip even begins. He noted that half of the cover's value lies in safeguarding against events that prevent travel, such as medical emergencies. Waiting to purchase insurance means missing out on this crucial protection.
Lewis highlighted cases where individuals faced a cancer diagnosis or other serious health issues after booking a holiday but before securing insurance. Without cover, they were unable to claim refunds for flights or hotels. He stated: 'Just as you can't return a tennis racket if you've broken your arm, firms needn't refund a flight because you can't go.'
Travel insurance is not a legal requirement for holidays, but it can cover medical treatment abroad and help recover costs if a trip is cancelled due to unforeseen circumstances. Lewis advised holidaymakers to choose between single-trip policies or annual cover, depending on their travel frequency.
