So you’ve got to go on a trip and you booked it already – your passport and visa are ready. You’re already on your trip and somehow just remembered you forgot to get travel insurance.
Now, you’re wondering if there is still time to get it done. Here, we’ll look at a few common questions people ask around the timing of getting travel insurance.
Why You Should Buy Travel Insurance Immediately After Booking
1. Trip cancellation benefits
Life happens and there might be a reason you won’t be able to go for a trip you already paid for. Travel insurance covers this with Trip Cancellation coverage by paying for forfeited, pre-paid, non-refundable travel arrangements.
2. Coverage for pre-existing medical conditions
For any pre-existing medical conditions, it’s important to understand the purchase window to qualify for that coverage. If you don’t buy insurance during the right time frame or as soon as possible after booking, you might not be covered for medical claims related to that pre-existing condition. You don’t want to wait until the last minute as your choices may be limited.’
3. Refund Period
There is a “free look” period where after buying a travel insurance plan, you can cancel and receive a full refund. However, this is only possible within a designated number of days from the date of purchase and as long as you haven’t left for your trip or filed a claim. The number of the free look period days can be seen in the Description of Coverage in the policy documents.
When is the best time to buy travel insurance?
It depends on the client. Some embassies need it as part of their visa application, especially the Schengen embassies. Ideally, travel insurance is to be bought when one is traveling.
Can you buy travel insurance after booking a flight?
Yes, you can.
When is it too late to buy travel insurance?
It’s late when you are already on your trip.
How Much Does Travel Insurance Cost?
Travel insurance is dependent on age, country of destination, and duration of the trip.
Get Travel Insurance Today
Here at Leadway, our all-inclusive travel insurance covers your unexpected expenses when you travel whether for holidays or business purposes. Your premium is calculated according to your destination and duration of stay.
Looking for something else? We have an array of insurance plans available for you to access.