Co-op Insurance is warning holidaymakers to buy as soon as they book after research by an insurance industry body found 34% of claims are due to cancelled holidays.
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Furthermore, Co-op’s own research found 37% of UK holidaymakers don’t take out travel insurance at all and 16% leave it until the day of their trip, or the day before.
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It says families travelling with children are particularly putting themselves at risk as 26% have cancelled or have considered cancelling a holiday because their child was unwell.
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"It concerns me that so many people are either leaving insurance to the last minute or not taking it out at all," said Colin Butler, head of travel insurance at Co-op.
"By taking out cover people are covering themselves for scheduled airline failures, sickness where as a result a holiday must be cancelled and accommodation cancellations."
