Holidaymakers must not assume that travel insurance is unnecessary when travelling even in the UK, it has been warned.

With a growing number of travellers opting to spend their holidays in the UK this year, according to a number of insurers, a majority of Brits are foregoing travel insurance assuming that it is not required if they are staying in the UK.

It has been advised that travel insurance would be “vital” especially during the current financial crisis as although holidaymakers travelling in the UK would not be required to purchase the insurance for medical reasons, flight cancellations or airline failures could leave holidaymakers losing more cash than what they would have spent on the cover.

According to Direct Travel Insurance, redundancy is one of the common reasons of cancellations and without insurance, holidaymakers would be left with large cancellation charges.