Yes, typically travelers will wait to buy a policy until they’ve made at least one insurable payment toward their trip, which can include booking a flight, hotel, tour, or other prepaid and non-refundable trip expenses. Travelers can purchase travel insurance with comprehensive coverage anytime up until the day before they leave for their trip.
When Should I Buy Travel Insurance?
Comprehensive travel insurance policies, including coverage for Trip Cancellation, medical emergencies, travel delays and lost luggage, are available up until the day before you leave for your trip.
Squaremouth recommends buying shortly after making your first trip payment. This will ensure you have coverage for any unforeseen occurrences between booking and departing. If you buy travel insurance within 14-21 days, you may also qualify for the time-sensitive benefits, such as Cancel For Any Reason and Pre-Existing Condition coverage.
You should be aware that travel insurance is designed to cover unexpected events. If an event occurs before you’ve purchased a policy, such as an illness that would cause you to cancel your trip, it will be too late to get coverage for that sickness.
What Should I Include In My Trip Cost?
You can insure all prepaid, non-refundable costs associated with your trip, including flights, hotels, cruises, or tours. If you haven’t made all of your trip payments when you buy your policy, you have two options:
- Insure your entire estimated trip cost up front
- Insure only the portion you’ve paid so far, and add additional trip payments to your policy as you pay them
If you choose to estimate your entire trip cost up front and you enter too high of an amount, you only have the free look period to guarantee a refund for the additional premium you paid. Outside of that period, each provider will handle it on a case-by-case basis.
If you choose to insure your trip payments as you make them, you can add to your trip cost up until the day before your departure. You will pay any additional premium due as you add to your total trip cost. You can also contact your provider to make changes to your trip itinerary or travel dates.
Can I Buy Travel Insurance if I’m Already Traveling?
If today is your departure date, or you’ve already left for your trip, it is too late to buy a travel insurance policy from Squaremouth. However, there may be some policies available directly from providers that can provide medical coverage. These policies will not cover your trip costs, but can provide Emergency Medical and Medical Evacuation coverage for the remainder of your trip.
Travelers who have already departed for their trip will need to contact the provider directly if they are looking to purchase this coverage. There are select providers who offer this option, including Seven Corners and Trawick International.