You may consider booking a flight, hotel, and car when planning a trip. While doing all that planning, one must consider another vital piece of the trip planning puzzle: protecting your journey with travel insurance. Buying travel insurance is a wise, low-cost investment that can offer financial safety in cases of a covered trip or flight cancellations, unforeseen medical costs while travelling, and expenses acquired due to baggage delays, loss, or theft.
Some commonly asked questions, like, “When should you get travel insurance?” Questions like this are answered below.
When to Get Travel Insurance
Here are likely questions associated with when to get travel insurance:
1. When Is the Right Time to Get Travel Insurance?
If you are pondering when to purchase travel insurance, it is easy, as soon as possible. Preferably, you’ll purchase coverage 15 days before your trip. However, determining the type of coverage you require and what additional coverage will help protect your trip necessitates considering what you will be doing on your trip and what risk factors you may meet along the way.
If you don’t buy insurance by that 15-day marker or you had to book your trip on short notice, you will still be able to purchase coverage. Just know that, typically, the coverage will cost slightly more.
2. Should I buy Travel Insurance Before or After Booking?
However, you can purchase travel insurance before booking your flight, and it’s much better to wait until after you get your seat on the plane. This way, you’ll know the price of your ticket and can determine whether your travel insurance will cover the total cost of the ticket should you need to file a claim later.
Typically, the more details or information you have regarding your trip and your projected expenditures, the easier it will be to purchase coverage that best suits your needs.
3. When Is It Late to Buy Travel Insurance?
Generally, you can purchase coverage any time before the date of your trip. It’s always best to purchase coverage as soon as you get your seat on the plan (reservation). The sooner you buy travel insurance, the sooner you will be covered and the more benefits you may be qualified to receive.
Travel insurance is necessary when planning a trip; It helps save you from unnecessary delays and cancellation costs, delay and loss of luggage, and so much more. But before purchasing travel insurance, make sure that it covers all your needs for the trip.
Frequently Asked Questions About Travel Insurance
Before buying coverage, you must understand how travel insurance works, why you need it, and what you seek in a policy. Below are some frequently asked questions to help you make a better and more informed decision:
1. Is Travel Insurance a Waste of Money?
The answer is No! Most people pay for a trip by setting apart money to save up for it. Think about how you will feel if you were required to cancel your trip because of an emergency or if your belongings were stolen while on a trip. You will have to pay to reschedule your trip or replace your stuff out of pocket.
Travel insurance plans can help give you peace of mind and coverage if anything unforeseen happens during your trip. For instance, if your trip gets interrupted for a covered reason or you get hurt while you’re away, the policy is intended to help cover those expenses. Things happen, but by buying travel insurance, you can relax and enjoy your trip knowing that you’re covered.
When reviewing your options for travel insurance coverage, make sure to understand any eliminations that are vital to your trip. You’ll want to know what risks or conditions will not be protected.
2. Does Travel Insurance Cover Pandemics?
As the “global pandemic” became a term that the world experienced in 2020, it introduced new challenges for those who go on trips. What that means for you as a traveller is that you will want to deliberate whether COVID-19 or any other potential pandemic risks your trip. Some travel insurance plans offer protection against cancellations linked to pandemics. When you’re seeking travel insurance, take the time to read the exemptions in the policy, and make sure it offers both coronavirus and general pandemic coverage if you want to be covered for those events.
3. How Far in Advance Can I buy Travel Insurance?
Purchasing travel insurance before your trip is a great move, but how long before your trip can you purchase it? Usually, you can only purchase insurance up to 12 months earlier. This gives you coverage in case you need to cancel your trip for any covered reason in that year. Buying coverage sooner than that isn’t necessary. When you purchase coverage in advance, you don’t have to worry about cancellation charges if you eventually cancel the tour. Your plan will likely cover up to 100% of your trip cost; so far, you’re cancelling for a covered reason.