Travel insurance companies are not all the same. They may all offer similar policies, but the specifics of what they cover, and how much it will cost you, can vary drastically. Prepare yourself to make a smart choice by comparing insurance policies after you’ve compared and booked your flights, hotels, and cruises.
You should purchase your trip insurance as soon as possible after making your reservations and buying tickets. Some benefits, such as Cancel For Any Reason upgrades, are only offered for a certain amount of time after you’ve booked your trip. Waiting a while after booking a trip, and then buying cancellation insurance right before you cancel the trip, could be seen as attempted insurance fraud. Even if you had no such intention, you will have to provide proof of your reason to cancel your trip and it can be an easier claim process if you booked your insurance well before a cancellation claim. Don’t take the chance. Go ahead and shop for insurance as soon as you book a trip.
Travel insurance companies sometimes use the absence of a pre-existing condition exclusion waiver as grounds to deny medical claims. They also give you a limited amount of time after booking your trip to get the exclusion waiver (which allows for pre-existing coverage). Some companies may give you as much as two weeks, but some only give you 24 hours. Save yourself the expense and concern of possibly having a claim denied by doing your research early. If you already have a good idea of what you need, you’ll be able to choose your trip insurance quickly and still be confident that you made the right choice.
What are you supposed to do if you’re in the middle of your trip and your next flight is canceled? What happens if the tour company goes bust and strands you somewhere? What if you get sick? You need to answer these questions before you leave. The answers to these questions should be part of your comparison process because not every travel insurance company will handle these situations the same.
Trip insurance can be a complicated field to understand. Taking the time to compare the policies being offered can ensure that you’re buying the insurance that’s just right for you.