Even if you cannot travel to all your dream destinations right now, use this time to do your research, prepare, and plan! Many travelers know the best days to shop for flights but what about travel insurance?
The best time to buy travel insurance is within 10 – 21 days (depending on the insurance company) of making your first deposit on your trip!
There are also time sensitive benefits that make purchasing insurance early worthwhile. One of these benefits is the Pre-existing Medical Conditions waiver that many travelers look for. If you buy insurance within the stated timeframe from the initial deposit, usually 2 weeks, you will get broader coverage like the Pre-existing Medical Conditions waiver and more, depending on the specific plan.
If you or someone you are buying insurance for has a pre-existing health condition, you should seriously consider the likelihood of it flaring up or reoccurring before or during your trip. Could it cancel or interrupt your travels? For plans without the Pre-existing Medical Conditions Waiver, normally a medical condition present prior to your travel insurance policy’s effective date would not be covered. Most plans have a look back period which means the plan investigates your medical history, anywhere from 2 to 18 months, to check if your condition appeared or was treated during that time.
Comprehensive plans with a Pre-existing Medical Conditions Waiver will give you coverage if you buy your plan the same day or within a set number of days after your first trip deposit. The good news is it usually doesn’t add to the cost of your plan! As always, be sure to read the plan document for full details on coverage.
Trip Cancellation plans cover non-refundable prepaid trip costs if certain requirements are met. If you’re looking for the Cancel for Any Reason (CFAR) benefit, you will normally need to buy insurance within 1-21 days of initial deposit, depending on the specific plan.
The earlier you buy insurance after booking your trip the better. You can buy insurance even if you have not paid for your trip in full yet. However, plans do allow you to buy coverage up until the day before you leave.
Be sure to do your research and visit Travel Insurance Master when you book your trip! Our smart algorithm and easy to use filters will help you find the best plan for your needs.