UK Money News
28th January 2008
Hidden cost of last-minute travel insurance
People who leave travel insurance to the last minute could be left out of pocket, experts have warned.
Peter Gerrard, head of insurance research at moneysupermarket.com, said that to get the full benefit of travel insurance policies, holidaymakers should buy early.
If they leave a gap, Mr Gerrard warned, they could end up unable to travel with no insurance safety net.
"It seems holidaymakers are booking flights but leaving their insurance until the last moment," he said.
"However, they will miss out on valuable cancellation cover which will protect them for all or part of their flight if the trip is avoidably cancelled."
Mr Gerrard added: "It is worth noting you may not be covered if you have cancelled your holiday because of any pre-existing medical conditions, the death or illness of a pet, or if you have any travel phobias, stress or anxiety."
Many British holidaymakers run the risk of travelling without insurance. While saving on the premium they risk finding themselves out of pocket if they lose valuables or get injured
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