Leading Irish travel insurance provider Multitrip.com has urged holidaymakers to heed the importance of purchasing holiday cover as soon as they book in order to make sure their coverage begins immediately.
The reminder comes as holiday bookings for Easter and summer crank up into full swing.
It has been revealed that nearly three-quarters – 74% – of travel insurance policies purchased from Multitrip.com in 2023 were bought less than 7 days before departure. This indicates that many Irish holidaymakers may face the risk of being unable to recover the cost of their holiday if they have to cancel their trip before purchasing insurance.
Furthermore, 2023 claims data from the leading travel insurance provider shows that cancellation was the top reason for making a claim, accounting for 28% of all claims for the second year running.
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 said.
