Travel insurance can be purchased at the very beginning of travel planning up until the day before departure. However, there are advantages to purchasing early. Some coverage benefits are only available for a short amount of time from the initial deposit date, normally 14 – 30 days. Examples include coverage for pre-existing conditions, financial default, cancel for work reasons and cancel for any reason. Another perk to purchasing a policy early is that trip cancellation coverage is effective the day after purchase. This means that there will be a longer period of coverage for the same price, because the premium cost for most plans will not change as the departure date nears. Every travel insurance plan also comes with at least a 10 day money back guarantee. During that time, the policy can be canceled and refunded.