Many travel insurance plans typically have additional benefits and options when you purchase within an “advantage period” (usually 10 – 30 days depending on the policy). The benefits impacted may include cover for pre-existing conditions and financial default of a travel supplier. With the uncertainty of today’s economy, cover for financial default is becoming increasingly more important to many travelers. Optional benefits available within this advantage period usually include “cancel for work reasons” and “cancel for any reason”. Once you are outside of the advantage period, these benefits and options are no longer available. It is also important to remember that travel insurance, like all insurance, is designed to cover “unforeseen” events. If you wait until you have a reason to need it, it is too late.