Is it possible to cancel a travel insurance policy after purchase? Will I get a full refund if I cancel it before the trip starts?
Yes, most travel insurance plans can be cancelled, and the insurer might reimburse your money in full or part, depending on the cancellation policy of the insurer, and the time you request that.
When is it Possible to Cancel Travel Insurance?
A majority of the insurance companies will provide a free look period which is usually between 15-30 days after a policy has been issued. In case you cancel the policy before and after this period and before the commencement of the trip, you are usually entitled to a refund of the full money, in case no claims were made.
Once the given free-look period expires, cancellation becomes eligible but can be accompanied by a fee or any partial refund depending on:
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As to whether the policy has begun.
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The question of whether any claim is made or not
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The cancellation terms of the insurer The cancellation terms of the insurer
How to cancel your Travel Insurance Policy:
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Go to the insurers web site or app.
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To your dashboard, log in and visit your policy.
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Just choose the cancel service option and do the process.
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Give required papers or explanations, in case there will be requests.
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Where refunds would be applicable, they are done to the original mode of payment.
Important Notes:
In the event that your travel is delayed or cancelled, there are insurers who will enable you to change the policy periods at no cost as opposed to cancelation.
Once a trip has commenced, or when a claim has been made, the refunds are not possible.