Think about it. Your trip was planned early, paid for, and you shopped around for travel insurance. You decided to wait before buying a plan, thinking you had plenty of time before you left. Then, when you attempt to purchase an insurance policy to help protect your trip, you realize that you can no longer qualify for coverage because of your preexisting medical condition! A key factor to avoiding such a situation is timing when to purchase travel insurance. To maximize your coverage, you need to understand some time-sensitive aspects of travel insurance plans.
Travel Insurance Is Best Purchased Immediately
Take the example of going on a Rhine river cruise to see the famous Christmas markets of France and Germany. It is required that you book the cruise, any excursions, your airfare, and your hotel for two extra days in Zurich post-cruise. As soon as you’ve nailed down all those arrangements, you’ll know your total pre-paid trip costs – and then you’re in a great position to purchase travel insurance. Why? If you purchase travel insurance with cancellation and interruption benefits, your total travel costs are needed for an accurate quote. In this way, it will safeguard all of your travel costs. It’s a good idea to buy travel insurance as soon as you book your trip for two reasons. The first is that you won’t forget! There are vast numbers of travelers who postpone buying travel insurance before they realize after it is too late how foolish they were.
Second, the sooner you buy insurance, the larger the window of coverage you have. For example, if you cancel your trip or file a claim before receiving your premium, the cancellation benefits begin on your plan’s effective date. So the more early you order insurance, the sooner you will be covered. Therefore, if you have already booked your flight, don’t wait! Request a travel insurance quote today from Fincrew. If you have not bought travel insurance yet, the second-best time is 14 days of submitting your first payment. When you purchase travel insurance, the 14-day mark is crucial because it will cover your existing medical conditions. Several of our plans cover this benefit, meaning that you, your traveling companion, or a family member can have a medical condition and still qualify for all applicable benefits and assistance.
What if you cannot figure out the total cost of your trip in the next 14 days after making your first deposit? No problem! You don’t have to wait. Instead, you should purchase travel insurance within that 14-day window, making sure you select a plan that includes coverage for existing medical conditions.
Last Minute Travel Insurance
Travel plans aren’t always meticulous. Even though many of us tend to book our hotels and flights months in advance, making sure each detail is in place well before our trip, there’s no denying that some trips don’t work out that way. There are times when unexpected travel opportunities come our way – whether out of pure spontaneity or for a more serious reason that requires us to make quick arrangements. Although the planning period has to be cut considerably, that doesn’t mean travelers should be any less proactive about buying last-minute travel insurance if something goes wrong. We often remind travelers to purchase their travel insurance as soon as their first deposit is made so that they can take advantage of all the benefits and options available.
When booking your trip and boarding the flight for your vacation, a lot can go wrong. However, a travel insurance plan purchased at the same time as your first booking ensures that you’re covered for any unforeseeable events and helps you realize why you’re buying it in the first place.