Travel Insurance: Expert Warns of Costly Delays, Offers Simple Solution

Martin Lewis, the renowned founder of MoneySavingExpert, recently highlighted the critical importance of securing travel insurance as soon as travel plans are finalized. In a recent video, Lewis emphasized his "ASAP" (As Soon As Possible) rule, explaining that many people misunderstand what constitutes adequate coverage. He differentiated between single-trip and annual policies, explaining that for single-trip policies, the policy must be purchased before the trip begins to cover any issues that may arise beforehand. Annual policies offer broader coverage but still require careful attention to policy start and end dates. Lewis shared a personal anecdote: "My parents made the mistake of waiting until closer to their trip, and my mum got diagnosed with cancer and had no choice but to cancel, only getting 10% back." This story underscores the potential for significant financial losses if insurance isn't obtained in advance. Lewis concluded by recommending that travelers utilize AI-powered PDF readers to quickly find the relevant information within their often lengthy travel insurance policies. His advice serves as a valuable reminder for travelers to prioritize insurance protection and understand the nuances of their coverage.