Martin Lewis is trusted by many of us when it comes to money advice and now he’s urged people to watch out if they’re booking summer holidays now.
It’s cold and dark, so it’s no wonder that January is one of the most popular months of the year to book your summer holiday.
But turns out that if you’re taking the plunge and booking your holiday earlier in the year, there’s one detail you really shouldn’t forget to tick off your list – your travel insurance.
The warning comes from Martin Lewis, who highlighted that this is a mistake made by many people, and that it could mean you don’t get any money refunded if something happens between the time you book and when you travel.
“We need to be blunt. Every year, someone emails us something like 'I've just found I've got cancer, I've treatment lasting three months, I'm due to go on holiday, but they won't refund me”, he wrote.
"It's upsetting and frustrating but is exactly what travel insurance is for."
So while we usually pay for travel insurance primarily for while we’re away, it will also cover you if you can’t go on your trip – be it due to illness or death.
Martin advises holidaymakers to make sure they pay for travel insurance as soon as they book their trip, so they can be covered in case something happens.
Recently, Martin has also warned viewers of his ITV Money Show that new rules from the Financial Conduct Authority means that several UK banks will increase the overdraft interest fee to 40 per cent.
He told viewers, “The changes are happening right now. The problem with overdrafts is that they’re a stealth debt. You don’t apply for them, you just end up in them. And right now everyone with a bank account needs to understand what’s changing – good and bad.”
Martin continued, revealing, “Back in 2005, banks would charge £35 a pop for going overdrawn. It would be £35 per transaction i.e. if you made seven transactions, you’d be charged seven times. The system was designed to entrap customers.”
This new first-of-its-kind facial tool combines Gua Sha and Jade Rolling to revitalize skin
Remix by Giselle Wasfie helps utilize the benefits of jade rolling with Gua Sha to help balance and heal skin in one step
By Rylee Johnston •
Aldi is releasing a new rattan garden bar that will make your al fresco dreams a reality
By Danielle Valente •
Bamburgh and Dartmouth have been voted the UK's best seaside towns in Which? survey
The destinations were ranked on scenery, beaches and value for money
By Sarah Finley •
You can now stay at this iconic Downton Abbey location (and it will totally make you feel like a Crawley)
Transport yourself to the world of Downton Abbey with a stay at one of the iconic cottages
By Rylee Johnston •
Cornish town revealed as the UK’s new property hotspot as houses here sell within days
Are you looking to buy in this property hotspot?
By Emma Shacklock •
Riviera Travel introduces first-ever UK voyages with exciting ‘seacation’ options for this summer
Riviera Travel has launched their first-ever UK-based voyage with a cruise to Scotland’s highlands and islands
By Aleesha Badkar •
Are river cruises safe from Covid? Here's everything you need to know
By Lauren Hughes •
The seven places we can fly to this summer - (fingers and toes crossed!)
The government is expected to put these countries on its green traffic light system for UK travel
By Selina Maycock •
Joali Maldives: Why this dreamy beach destination is sure to top your travel bucket list
We can't pack our bags fast enough...
By Samantha Wolcott •
Travel lovers are spending up to two hours a week dreaming of their next vacation, and this is where they want to go most…
Oh, to travel again!
By Lydia Swinscoe •