Money Saving Expert's (MSE) Martin Lewis has issued a warning to those with a holiday booked abroad this summer.
Urging people to act fast, the financial guru said people who have a holiday booked should do one thing as soon as you book, or in his words "ASAB".
In his latest latest edition of the MoneySavingExpert.com newsletter, he said every year his “heart sinks” after someone gets in touch to say they’ve lost all their money because they were unable to travel simply because they did not have insurance cover.
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The consumer champion is urging those people to “do it now” as the season of summer approaches with millions of people set to jet away on their holiday.
Talking about the unexpected, the money expert said that sadly a serious situation such as a diagnosis of cancer, will not result in a flight or hotel refund unless you have travel insurance or booked the holiday with a free cancellation.
According to the Daily Record he explained: “If you've booked a holiday abroad, and don't have travel insurance, do it now, today, do not delay. I admit I say this with a hint of desperation.”
He continued: “EVERY summer, my heart sinks after someone asks me a question who'd had 'getting travel insurance' on their to-do list, but didn't prioritise it. Usually they've had a serious diagnosis (too often cancer), injury, redundancy or bereavement, can't go on holiday, and are shocked the airline or hotel won't let them cancel.”
Martin warned: “So let me be blunt. Unless you booked with free cancellation, being ill doesn't give you rights. It's like arguing you can return a tennis racket as faulty because you have a broken arm.
"That's why you need to get travel insurance ASAB. It's not just there to cover you in case things go wrong while you're on holiday. Half the value is protection BEFORE travelling, in case something happens to stop you from going.”
According to MSE., you can buy travel insurance from as little as £9. The team of experts have gathered all the latest deals available for lone travellers and families looking for cheap insurance, cover for people over 65 and those with pre-existing medical conditions.
You can view all the travel insurance options and deals on MSE.com here.
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