Trip cancellation insurance is something you don’t always think about when booking plane tickets, hotels, trains and cruises. It is also something that you don’t really want to have to use, because it means that your trip is being cancelled due to an unforeseen situation. Unfortunately, though, life happens, and sometimes you have to change or cancel your trip. You should buy trip insurance, and, you should buy it the same day that you book your travels. Here’s why.
You Can’t Predict What Will Go Wrong
Trip insurance will protect you against handfuls of potential mishaps. Imagine you purchase a plane ticket a month in advance. You don’t purchase travel insurance immediately, believing that nothing could possibly happen that would keep you from your vacation.
Then, a week later, a close family member becomes gravely ill. In the midst of your concern for your family member, you might decide to then purchase a travel insurance plan with trip cancellation coverage. The problem with this is, in order to to make a claim, the trip insurance plan must have been purchased before the incident which caused you to cancel your trip (in this case, the family member’s illness). You can’t decide to cancel your trip and then buy insurance. That’s why it’s safest to buy your insurance the minute you book your travel, before you forget, and before any extraordinary circumstances come up.
A Cancel For Any Reason Upgrade Might Help
Given that you cannot buy and use a trip cancellation plan, in order to claim against something that occurred prior to buying the plan, you might think you are out of options. In most cases, you can still buy a Cancel For Any Reason upgrade as long as you buy it within a set amount of days from your initial trip payment (usually 21 days or less), insure 100% of your pre-paid and non-refundable trip costs and cancel your trip more than two days from your date of departure. Keep in mind that a Cancel For Any Reason upgrade will only cover 50-75% of your insured trip costs, depending on the plan.
In conclusion, trip protection is important, and one hundred percent necessary, any time you have a substantial trip investment including a hotel booking, flights, cruises or rail trips. If an unforeseeable circumstance were to arise, that was no fault of your own (and covered under the plan), you can get your money back and use that towards another trip. Plan for the unexpected, and buy trip insurance as soon as you book your travel.