Passports – check, boarding pass – check, you haven’t left the kids at home – check, INSURANCE!

Travel insurance is easy to forget, and according to Bought By Many many of you have either left it until the last minute or forgotten about it until you got to the airport.

More than 300 people voted and 23% of you bought it on the day you were travelling, with 15% getting it while you were on the plane!

plane in the sky

Luckily these days it’s not a problem to whip out your phone and buy a policy while you’re in the airport. Phew, now you’re covered for the holiday. You are, but you’ve also just wasted money paying for a useful part of the policy that you will not be able to use.

Holiday cancellation is included in most travel insurance policies as standard and is designed to cover the money you’ve paid towards a holiday if you suddenly have to cancel. But it’s only active from the start date of your policy, so if you pay for insurance on the day you travel or set it as the policy start date you won’t be able to claim unless you have to cancel on that day.

You might think that’s not a problem. If you’re already on the plane when you buy insurance, you won’t have any need for the cancellation clause. True, but you’ve still paid for it so why not get it earlier and benefit from the cover?

Cancellation cover will vary between providers but it’s a useful clause that is designed to pay out if cancelling your trip is necessary and unavoidable. Insurers also provide curtailment cover if you need to cut the trip short while on it to return in the event of an emergency.

That could be because you fall ill, the unexpected death of a close relative or if you are made redundant. All of those would be harrowing experiences and losing the money you’d paid towards a cancelled holiday would add insult to injury.