MSE

The MSE team and Martin Lewis said to do this quickly

If you’re planning a holiday this year, there’s one crucial item on your checklist that should be ticked off first before you begin planning where to go and what to wear.

The Money Saving Expert (MSE) News team and Martin Lewis have emphasised the importance of securing travel insurance as soon as possible after booking a holiday. Many people tend to leave it until the last minute, but as Martin Lewis recently explained on The Martin Lewis Money Show Live, without insurance, you may not be able to recoup your costs if something prevents you from travelling, potentially losing thousands.

According to MSE, during the show, Martin Lewis said: “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 have a rule: you should get your travel insurance ASAB – as soon as you book. ASAB.”

The financial expert added: “Right now, many people have already booked. If you don’t have your travel insurance and if your holiday’s booked, do it right now.

“The reason I do this is every year, someone asks me a question something like, ‘I’ve been diagnosed with cancer. We can’t go on the holiday. They’re saying we can’t have our money back. What do I do?’ And I’m impotent.

“Because the answer is, you get on your travel insurance. And they say, ‘Well, I haven’t got my travel insurance yet’. Do not get your travel insurance the day before you go. You get your travel insurance ASAB.”

Speaking to his co-host Jeanette Kwakye, who is also a former Olympic sprinter, she revealed that a viewer had contacted the programme regarding a difficult predicament they were facing.

Jeanette shared their message, reading: “I booked a holiday for Christmas last year, but I was then medically advised not to fly. The holiday was already paid for and I hadn’t taken out any travel insurance. I’m now being told I’ve lost all the money for the holiday. Is there anything that can be done?”

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Martin said: “Please don’t be the person this summer who asks me that question. If you’re going to get travel insurance, ASAB.

“The answer [to whether something can be done] is no. I mean, look, very simply, just think about it for a second. If you bought a tennis racket and you broke your arm, you can’t say to them, I want a refund because my arm’s broken.

“The tennis racket still works. The flights still work, the hotel still works. It’s not them that’s got the problem. It’s you. That’s the logic. That’s what you have insurance for.”

Foreign Office and travel insurance

While you can take out travel insurance, it is worth noting that it could be invalidated, even if you take it out when you book. For example, if you are planning on heading to Dubai, the Foreign Office has said on its GOV.UK website: “Your travel insurance could be invalidated if you travel against advice from the Foreign, Commonwealth & Development Office (FCDO).”

At present, it states: “FCDO advises against all but essential travel to United Arab Emirates.”

For detailed information and advice on Foreign travel insurance, visit the GOV.UK website online here. It also advises: “You should buy your travel insurance as soon as possible after booking your trip. Read the small print and familiarise yourself with any exclusion clauses for the policy.”

Alongside insurance, it is recommended that you review FCDO travel advice and register for alerts for your destination. GOV.UK confirms: “If you travel to a destination where FCDO advises against all but essential travel or all travel, your insurance may be invalidated.”