More Than Two Thirds of Holidaymakers Leave Travel Insurance Until the Last Minute

12 Mar, 2024

With holiday bookings for Easter and summer sun holidays in full swing, leading travel insurance provider Multitrip.com is reminding holidaymakers of the importance of purchasing holiday cover as soon as they book, or “ASAB”, to ensure their coverage begins immediately.

Almost two thirds (63%) of travel insurance policies purchased from Multitrip.com in 2023 were bought less than seven days prior to departure, meaning a significant number of holidaymakers run the risk of not being able to recover the cost of their holiday should they have to cancel their trip.

Jason Whelan, from Multitrip.com, warned: “If you wait until closer to departure to arrange your travel insurance, you run the risk of something happening that could lead you to cancel and losing out on the cost of your trip. That’s why we always urge holidaymakers to take out travel insurance as soon as they book their flight or holiday.

“When arranging your travel insurance, it’s crucial to consider the level of cancellation coverage you require to ensure your trip is protected in case you encounter any obstacles or need to shorten your journey due to an unexpected event like a medical emergency,” he concluded.

Multitrip.com offers various tiers to suit all type of travellers, ranging from Essential Travel Insurance from £19.99* with cancellation cover that pays up to £1,000 per insured person, all the way up to the Premier Plus plan that covers up to £5,000, ensuring holidaymakers are prepared for unforeseen circumstances that may arise during your travels.

According to the Multitrip.com Annual Travel Survey**, meanwhile, 92% of holidaymakers do plan to purchase travel insurance in 2024.

To view policy types and exclusions in full visit, Multitrip.com.

*£19.99 is the online price for Essential European Cover per person under 40 years. Prices excludes £3.95 handling fee.