Forgetting travel insurance brings a lot of holidaymakers, but if you don’t, you have to take a big financial risk, especially when you go abroad during the Covid pandemic
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Consumer Champion Martin Lewis warned anyone planning their next vacation not to forget their travel insurance.
The founder of MoneySavingExpert gave some advice last night on an episode of ITV’s Money Show Live.
Brits are flocking to book their next outing after the British government relaxed travel restrictions earlier this month.
Lewis urged anyone planning their next vacation to make sure they get travel insurance as soon as they book, the Liverpool Echo reports: .
The financial expert said he is inundated every summer with inquiries from people asking what their rights are if they have to cancel a holiday due to unforeseen circumstances.
He explained: “The answer is you don’t have one. The flight is still going ahead and there is nothing wrong with your ticket.
Are you buying travel insurance – or are you taking the risk? Let us know in the comments below
“I ask if they have travel insurance and they say ‘I would get it before I went'”.
Lewis pleaded with people to get insurance ASAP because “so many of the things you can claim can happen before you go on vacation”.
The money expert said the cheapest travel insurance for people under 65 can start from £9 a week for a person in Europe.
The policies Martin identified cover people who are unable to travel after testing positive for Covid – as well as protecting anyone who contracts the virus abroad and needs to stay longer.
He added: “I call these deals no-nonsense because they are super cheap and they all meet my minimum claim levels.
“But I can’t vouch for the service and how they handle claims. They are very cheap and if you have a problem with how they handle the claim, you can raise it with the ombudsman.”
The money guru urged vacationers to check whether the policy is appropriate before signing up.
He said, “Check the policy, check the levels of coverage, read it before you sign up for the check to see if it’s all appropriate. That’s one of the things you can protect yourself against.”
What travel insurance do I need?
Travel insurance is more important than ever these days, but when booking a policy, check to see if it includes Covid coverage – and make sure you read the fine print so you know exactly what you’re covered for.
For example, you might want a comprehensive policy that includes travel cancellations, medical expenses, or you need to interrupt your trip for Covid-related reasons.
It’s worth noting that if the State Department advises against traveling to a destination, your travel insurance will become void if you choose to travel against this advice.
If a country is on the red list, the State Department usually advises against all non-essential travel, which is likely to cancel your vacation.
When a travel organization cancels your holiday, you are entitled to a refund. Some travel companies still offer alternatives, such as rebooking to a later date or other destinations and vouchers. You are welcome to choose these options, but you are entitled to a refund if you prefer.
If you’ve booked a flight and hotel separately, you may have to negotiate a bit, especially if your flight isn’t cancelled. As for your accommodation, whether you can get your money back will depend on your booking policy.