Done some research on this. It looks like most standard travel insurance policies (including those with packaged bank accounts) require you to have a return trip booked, and so might not be the best option.
“One-Way Travel Insurance” (also known as “Backpackers Insurance”) is a thing that exists and might be a better option for you. While the name implies it’s “one-way”, it can cover those who will return home but without any specific return date set (or ticket booked).
I found this which might help.
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Good point, re-checking Nationwide they do include it, but I just had another look at Monzo Max and I cannot see such a requirement anywhere in its T&Cs.
It says a ‘trip’ ends with you being back at home or work, but it doesn’t say anything about having to have the return trip pre-booked in any way (that I can see).
They will probs ask you to prove your return home information before making any assessment.
Page 23 of the T&Cs documents:
Trips must begin and end in the UK with both outward and inbound travel tickets purchased before the trip begins.
Trips with only one way or open tickets are not covered. Trips within the UK are only covered provided that your trip destination is more than 100km from your home and includes at least two overnight stays that is pre-booked for a fee.
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To answer your first point - last year we had a trip around Europe planned, all by rail, including a few sleeper trains and several hotels. Had to cancel for medical reasons, and Nationwide’s insurance covered it all, minus the excess and anything we could get refunded.
The claim process was clearly set up for ‘return flight plus hotel’ type of holidays, so there was a lot of time spent on the phone trying to untangle the many separate part of the booking, but nobody tried to quibble with the claim.
As others have said you’d be best speaking directly to the insurers about whether you’d covered if you left the UK without a return booked.
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