Arrange travel insurance early, says expert
26 January 2009 08:06
Holidaymakers in the UK who leave their travel insurance arrangements until the last minute are at risk of missing out on vital cover.
Research by moneysupermarket.com has found that about two thirds of Brits travelling abroad are missing out on full travel insurance cover by not booking early enough.
Peter Gerrard, head of insurance research at moneysupermarket.com, said: "It seems holidaymakers are booking flights but leaving their insurance until the last moment.
"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."
Those who leave arrangements until the last minute risk not being covered in the event of an unfortunate incident - such as illness or serious injury - leading to the cancellation of a holiday.
An investigation by American Express published earlier this week revealed that a large number of British tourists are cutting back on travel insurance in a bid to save money during the credit crunch.