I’ve already booked my flight and hotel for an upcoming international trip. Can I still buy travel insurance now, or is it too late?
Of course, you are free to purchase travel insurance even after you booked everything. Majority of insurance firms will enable you to take a policy at any point before you embark on a journey. Nevertheless, a couple of things should be remembered regarding the time and the nature of coverage that you can get.
At What Time Can You Purchase Travel Insurance?
Travel insurance is usually available till a day prior to your departure. At that, some plans tell you to purchase the policy 7 to 14 days after the payment of the first trip, in case you wish to enjoy some benefits to such trips, such as trip cancellation due to certain reasons.
What Coverage will you Obtain?
You can even buy core coverage even after booking your trip and they include:
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Emergency medical insurance
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Delays in the trip, missing baggage, or the loss of the passport
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Repatriation and medical evacuation
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COVID-19 costs (in the event of being covered by the policy)
But there might be some features that cannot be accessed until you buy the plan on time as in:
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Pre-existing medical condition related cancellation of trips
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Cancel For Any Reason ( CFAR ) escalations
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Insurance coverage of such events as natural disaster or civil unrest
Is it Good to Buy Early?
Whenever your bookings are made, it is always a good idea to take purchase travel insurance. This will allow you to receive additional benefits and a better financial secure in the event of any sudden change or cancellation.