Many travelers make this mistake when they’re planning their business and leisure trips – they wait until the last minute to buy their travel insurance. After all, buying insurance takes time and your focus may be on getting the best ticket prices. It’s a huge mistake to wait until the last minute to buy your travel medical insurance for several important reasons.
Time to Research and Compare Plans
Travel insurance can be complicated and you will make a better choice if you give yourself some time. When you start early, you have the time to research travel insurance plans, compare coverage and prices.
For example, depending on where you are traveling you may need a higher-than-average medical limit and for that, you’ll need to research the plans to be sure the coverage applies to the countries on your itinerary. Buying the right coverage can mean the difference between having the benefits and support you need in a travel emergency and being forced to handle the emergency on your own.
Time to Read the Plan Documents
In purchasing your travel insurance plan early, you’ll have the time you need to read the plan documents, understand your insurance rights and exclusions, and contact the insurance provider with your questions. If you wait until the last minute, you can’t make changes to your plan or get information about how the plan works.
Right to Cancel
If you purchase a travel insurance plan with trip cancellation coverage early, you have the plan in place in case you need to cancel your trip. While you may not think you’ll have to cancel, unfortunate things like illnesses, death in the family, car accidents, and more can happen anywhere, anytime.
Those unfortunate situations are unexpected and unpredicted, but knowing that you can cancel your trip and get your pre-paid expenses returned to you is an excellent benefit. You won’t have those benefits if you wait to purchase your travel insurance at the last minute.
Some Coverage Requires Early Purchase
Travel insurance plans typically exclude any medical charges related to a sudden onset of a pre-existing medical condition, but some also include coverage for pre-existing conditions if you purchase your plan soon after making your initial trip deposit (usually 10-14 days).
When you start planning a trip, take the time to buy your travel insurance as soon as you start making your trip reservations. This way, you’ll have the longest amount of time to be sure the coverage is right for you and the opportunity to use those benefits if you need them. Read more travel insurance tips for buying international travel insurance online that may help them you choose the right travel health insurance policy.