When planning a trip, reservations for accommodation, flights, and possibly a rental car are priorities. However, savvy travellers also prioritize online travel insurance—an intelligent investment protecting against unforeseen circumstances. With heightened awareness due to the pandemic, the optimal timing for purchasing international travel insurance is a common question. Let’s explore whether it’s better to acquire it well in advance or wait until the last minute.
When Is The Ideal Time To Buy Travel Insurance?
Many wonder about buying travel insurance post-reservation. Purchasing it immediately after completing all reservations is advisable, especially for non-refundable trips. Acquiring it in advance provides a financial safety net for unforeseen disruptions, with coverage beginning sooner for early bookings.
How Far In Advance Can You Make A Reservation For Travel Insurance?
Single-trip travel insurance is recommended for infrequent travellers who embark on one or two trips annually. These plans expire on the policyholder’s return date, making them suitable for specific journeys. Travellers who prefer planning well in advance can purchase online travel insurance more than a year before their trip, providing ample coverage for long-anticipated plans.
For frequent travellers, annual domestic travel insurance policies, offering coverage for a year, can be purchased up to 30 days before the trip. Alternatively, those planning a gap year can obtain international travel insurance up to 60 days in advance, securing coverage for two consecutive years.
However, it’s imperative to thoroughly understand the inclusions and exclusions of the policy cover before purchase. Clarifying aspects like coverage for COVID-19-related cancellations, the extent of coverage, and inclusion of pre-existing diseases is crucial.
Advantages Of Pre-Purchasing Travel Insurance
Planning for travel is always advisable, allowing travellers to prepare for unforeseen circumstances and enjoy a worry-free vacation. Delaying the purchase of travel insurance until the last minute limits the time available for thoughtful consideration of needs and plan selection. Several invaluable advantages accompany the act of purchasing travel insurance well in advance:
- Protection Against Refunds:
Cancellations and trip delays, common causes for travel insurance claims, can lead to financial losses. Pre-purchasing travel insurance ensures coverage for cancellation benefits, offering a safety net in the event of unforeseen circumstances. Claims are subject to terms and conditions set forth under the travel insurance policy.
- Protection Against Unexpected Events:
Travel is susceptible to unforeseen events, such as lost passports, misplaced luggage, or cancelled/delayed flights. Comprehensive travel insurance protects against these unpredictable and disagreeable situations. Claims are subject to terms and conditions set forth under the travel insurance policy.
- Health Insurance:
Prioritizing health amid the excitement of travel is essential. Travel insurance, including COVID-19 coverage, safeguards against illnesses and covers hospitalization, medical evacuation, and accidental demise. Senior citizens can avail of travel insurance for senior citizens or a safe journey. Claims are subject to terms and conditions set forth under the travel insurance policy.
- Tailored Coverages:
Purchasing travel insurance in advance allows for careful consideration of specific travel needs. Customizing coverages, such as protection for adventure sports, ensures comprehensive coverage aligned with the traveller’s itinerary. If you are a student, you can avail of student travel insurance. Claims are subject to terms and conditions set forth under the travel insurance policy.
While the prospect of unpleasant possibilities may not be appealing when planning a trip, being prepared for them is paramount. Travel insurance is necessary to protect the journey and provide a robust financial safety net. Analyzing the itinerary and purchasing a comprehensive travel insurance policy ensures travellers can enjoy their vacation worry-free.
Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.