Travel insurance Updated:
Booking a holiday is a surefire way to boost your mood, but what would happen if you had to cancel your trip for some reason?
Unfortunately illness, family bereavement or travel company collapse could put paid to your dreams of a getaway and leave you seriously out of pocket - unless, of course, you've got the right kind of protection in place. Data from Aviva shows that it paid out over £19.2m last year to UK holidaymakers whose holidays had to be cancelled before they began, with an average of £640 being given out to disappointed travellers.
This is a pretty sizeable sum, and without travel insurance, these holidaymakers would have seriously lost out. However, despite the potential losses involved, Aviva's survey found that 10% of travellers still don't bother taking out travel insurance, while 20% only take it out if they are going on holiday abroad, which is a risky strategy considering that even the best made plans can be scuppered by unexpected events. Of those who do take out insurance, only 25% of respondents were found to have the wisdom to buy it at the same time as booking their trip, which gives them added protection if the holiday has to be cancelled before it starts.
Adam Beckett, director of products at Aviva's UK general insurance business, commented: "Many travellers assume travel insurance just protects them while they're on holiday, and they may not take out cover until just before they jet off for sunnier climes. While we hope the worst never happens, it's a sad reality that sometimes our plans have to be changed or cancelled due to illness or other unforeseen events. Taking out travel insurance at the same time as booking the holiday will avoid any unnecessary and added stress if holidaymakers aren't able to travel."
If you're planning a getaway to give you something to look forward to, the best way to make sure you won't be left without a holiday fund if something happens before your trip is to buy suitable travel insurance at the same time as you book your holiday. Make sure you read the small print of the policy carefully to check that your trip and all the things you take with you are fully covered - that way, you can rest assured that if the worst was to happen and your holiday is cancelled, you won't be left with an empty wallet as well as an unfulfilled holiday plan.
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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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