Speaking on the Martin Lewis Money Show on ITV the financial expert explained that it is vital holidaymakers ensure their next trip is covered by travel insurance.
One concerned holidaymaker contacted him with regards to a single trip policy already in place for their cancelled trip.
He asked: “My holiday to Mexico got cancelled and I have rebooked it for December. My question is do I need to cancel my holiday insurance and get a new quote, or can transfer it to a new date?”
Martin confirmed that it is the safest option to try and move the policy to cover the new holidays, and also stated this was the surest way to avoid financial losses.
Martin Lewis says travel insurers may move the date of your policy
Martin Lewis appeared on the ITV show
He explained: “Well you can’t definitely transfer it to the new date, but many insurers do allow you and it’s a lot better than paying out for a cancellation.
“Absolutely get in touch. Assuming it’s a single-use policy, get in touch with them and say, ‘Can I move the date?’
“In most cases, I am hearing they are saying yes. They don’t have to but many are so that would be the first thing to try.”
The Money Saving Expert founder also shared concerns regarding how the scrapping of proposed air bridges could actually set hopeful holidaymakers back.
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Initially, the air bridge scheme was designed to remove the need to undergo a mandatory quarantine when flying to certain countries deemed “safe” by the UK.
However, today the government instead released a list of 59 countries Britons can travel to without the need for quarantine when they return home.
It also amended its travel advisory for those wanting to fly to a number of “safe” regions.
While this may be welcome news to eager travellers, Martin says it could have major implications for insurance policies, particularly in countries where the quarantine-free agreement is not reciprocal.
Travel is back on to many countries following the UK quarantine-free lists
“Now that the key trigger for travel insurance was that the UK government wouldn’t allow you to go,” he said.
“And provided you had your travel insurance and booked your holiday before coronavirus, that should have triggered you to get a travel insurance payout.
“If you are allowed to go from the UK but what happens is what stops you is when you get there, there is a quarantine or the foreign government stops you, you no longer have that trigger for your travel insurance to pay out.
“And of course if the flight is still on and the hotel is still available, well they don’t have to give you a refund because they are still offering the service.”
Full list of quarantine-free countries
He continued: “This means that for Britons who are now facing quarantine in their holiday destination, they might have no sure way of seeking back their money should they choose not to go.”
The Foreign and Commonwealth Office has amended its ‘Exceptional Travel Advisory’ notice.
A statement on the website explains: “These exemptions come into effect on 4 July. All our advice will remain under constant review to take into account the latest situation in each country.
“These countries have been assessed as no longer presenting an unacceptably high risk to British people travelling abroad.
“Foreign & Commonwealth Office travel advice is based on risks to British nationals, including in-country public health assessments.”