Martin Lewis’ urgent travel insurance advice that | European Markets

Martin Lewis has issued a warning to Brits planning their summer time getaways, urging them to stick to his golden rule or face the chance of dropping hundreds. As summer time approaches, many are starting to e book their vacation bookings.

Statistics point out that solely 15 per cent of Brits depart their bookings till a month or much less earlier than departure, that means the bulk are inclined to e book effectively prematurely. Throughout an episode of The Martin Lewis Cash Present, the financial guru highlighted a essential step to take instantly after reserving your vacation.

Mr Lewis emphasised the significance of journey insurance coverage together with his mantra: ASAB – as quickly as you e book. He mentioned: “Travel insurance is not just to cover you while you’re away. It’s also very important to cover you in case something happens before you go that stops you going.

“I’ve a rule: it is best to get your journey insurance coverage ASAB – as quickly as you e book. Proper now, many people have already booked. If you do not have your journey insurance coverage and your vacation is already booked, do it proper now.

“The reason I do this is that, at this time of year, someone asks me a question like, ‘I’ve been diagnosed with cancer, we can’t go on the holiday, and they’re saying we can’t get our money back – what can we do?’

“I am impotent, as a result of the reply is you get in your journey insurance coverage, and so they say, ‘I have never acquired my journey insurance coverage but.’ Don’t get your journey insurance coverage the day earlier than you go – get your journey insurance coverage ASAB.”

Mr Lewis shed light on a viewer – known as C – who got in touch with the programme after a medical issue meant they could not fly, reports Devon Live. However, having no insurance put them at risk of losing their fully-paid holiday.

C explained: “I booked a vacation for Christmas final 12 months however I used to be medically suggested to not fly. The vacation was already paid for and I hadn’t taken out any journey insurance coverage. I am now being informed I’ve misplaced all of the money for the vacation! Is there something that may be performed?”

Mr Lewis replied: “Please do not be the individual this summer time who asks me that query. If you are going to get journey insurance coverage, do it ASAB.”

Mr Lewis said: “The reply is no. Very merely, for those who simply give it some thought for a second, for those who purchased a tennis racquet and also you broke your arm, you’ll be able to’t say to them ‘I would like a refund as a result of my arm’s damaged’. The tennis racquet nonetheless works and the flights nonetheless work, the resort nonetheless works, it is not them that is acquired the issue, it is you. That is the logic and that is what you have got insurance coverage for.”