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Published 16:24 5 May 2026 BST
Updated 15:38 11 May 2026 BST
If you are one who has already booked your holidays with certain airlines, there is new advice given by personal finance expert Martin Lewis.
Lewis has issued a stark warning to those who have snapped up a holiday for this summer, as he has urged to take notes those who have paid for holidays with major companies and airlines.
Those include airlines such as TUI, Jet2, Ryanair, Wizz, easyJet and British Airways.
The Money Saving Expert founder warned that failing to take one crucial step after booking could leave holidaymakers with absolutely nothing if things don’t go as planned.
Lewis cautioned that those who book a holiday and delay taking out insurance could stand to lose everything should something go wrong in the meantime, as the ongoing situation in the Middle East is raising serious concerns over jet fuel supplies.
Speaking on his Money Show Live on ITV, the expert stressed that you should purchase travel insurance the moment you book a holiday.
“The reason you do that is because half of the cover you're paying for is in case something happens that stops you going before the trip. And if you don't have the travel insurance place, you've got no cover”, he said.
“So, you may as well have it in place. But at this time of year when many people have already booked, I have a slight adaptation, which is this. If you've booked and you don't have it yet, just get it now. Get it done as soon as possible”.
Lewis also made it clear that holidaymakers would forfeit their hotel booking expenses if they had organised accommodation separately from flights booked with carriers such as Jet2, TUI, Wizz, Ryanair or easyJet - as they would not be safeguarded under consumer regulations.
“No. And I think this is what people need to be very aware of. If you booked a package holiday where you booked everything in one, then under the package holiday regulations and rules and protections generally if your flight went you would get everything back”, he added.
Recently Lewis reminded holidaymakers of his “golden” travel rules and tips, which he says everybody needs to follow, and a principle that he shortens to four letters: “ASAB”, which stands for “as soon as you book”.
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As he also weighed in on complications for larger groups, Lewis said: “Very quick aside on that, think of who you're booking for. So, if it's a family group and one can't go, they'll often cover you”.
“But if there's a large group of friends going, you often all get independent travel insurance. Well, then if one can't go or and you can't all go on the trip, it's only the person who's got that cover. So, you'd need a group insurance policy so that if one can't go, you all can't go”.
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