FORGETTING this one rule when booking your holiday could cost you £1000s, Martin Lewis has warned.
The founder of MoneySavingExpert (MSE) says this item must not be bought the day before going away.
Martin Lewis explained he gets travel insurance to cover issues that could affect him personally[/caption]
It’s easy to leave sorting travel insurance to the last minute.
However, Martin revealed in the latest episode of ITV‘s The Martin Lewis Money Show Live on March 4: “Get your travel insurance ASAB.”
ASAB meaning: “As soon as you book.”
Martin explained that the purpose of travel insurance extends beyond cover during your holiday.
He said: “It’s also very important to cover you in case something happens before you go that stops you going.
“So I have a rule that, you’ll hear why I’m taking a deep breath in a moment…
“I have a rule: you should get your travel insurance ASAB as soon as you book. ASAB…”
“As soon as you book,” repeated the audience.
Martin added an analogy for anyone still unsure of his golden rule.
He said: “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.”
MSE also provides a tool to help holidaymakers find “the best” travel insurance deal.
Simply click the link at the end of the article labelled “Cheap Travel Insurance Finder” and scroll through the options.
There is also a link for over-65s’ travel insurance and guides for travelling with pre-existing health conditions.
European Health Insurance Card Expiry Warning
MILLIONS of Brits will be left without a European Health Insurance Card in 2025, with experts warning Brits to apply for its replacement.
When Brexit came into force in 2020, new European Health Insurance Cards (EHIC) became obsolete.
However, Brits who already had a pre-existing EHIC before Brexit took effect would still have a valid EHIC because they last for five years.
According to data from the NHS, as many as 1.8million EHICs are due to expire in 2025.
A team of travel insurance experts at Quotezone.co.uk are encouraging UK holidaymakers to apply for a Global Health Insurance Card.
Just like an EHIC, a GHIC provides Brits access to medically necessary state healthcare at the same cost as local residents.
This includes all 28 EU countries, Switzerland, Montenegro, the Channel Islands and Australia.
The card is free for Brits, who can apply to get a new one nine months before their old one expires.
British holidaymakers who don’t have a card could be left with a hefty medical bill – even if they did take out travel insurance ahead of their travels.
