New research from Moneysupermarket.com, an online comparison service, has found that two-thirds of travelers miss out on valuable cancellation cover by making a last minute dash for holiday insurance, potentially bidding bon voyage to recouping any losses.
With 63% of holidaymakers taking out travel insurance less than two weeks before they fly, travelers could be out of pocket if their holiday is unavoidably cancelled, according to moneysupermarket.com.
Moneysupermarket.com has advised Brits to take out insurance as soon as the holiday is booked. That way, unforeseen circumstances such as serious injury, illness or bereavement are potentially covered if a holiday needs to be cancelled.
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.