Storms heighten insurance necessity

Investors could potentially increase their net worth by around £38,000 when pension rules change next year, according to new figures from Scottish Life.

With tropical storms wreaking havoc in popular holiday destinations so far this year, the need for comprehensive travel insurance is as relevant as ever.

Florida and Cuba have already been hit by tropical storms Emily and Dennis, which was the first hurricane to reach the US in July since 1916.

"This is the highest July forecast for activity in any year since 1950," said Professor Mark Saunders of Tropical Storm Risk (TSR).

TSR is forecasting another 15 tropical storms this year, nine of which are likely to develop into hurricanes, according to the Telegraph.

Holidaymakers are advised to buy annual cover for the cheapest and best option when travelling abroad.

Annual cover also ensures that holidaymakers are insured against all eventualities that could occur before the holiday starts, such as the need to cancel the trip due to illness.