This post may contain affiliate links, which means if you click on the link and make a purchase, Grizzled Nomad will receive a small commission.
Photo credit: Josh Sorenson
Responsible globetrotters know that travel insurance offers essential peace-of-mind for while you’re abroad in that exotic international locale. What’s not so easy to gauge, however, is exactly when you should arrange insurance so that your policy actually covers you for the duration of your trip. If you’re in this position, then check out the following tips regarding the best time to get travel insurance – you’ll eliminate some of that pre-trip worry in a jiffy.
- The earlier, the better
You can, of course, buy travel insurance up until you leave for your overseas adventure. As a baseline rule, you need to have all of the specific details of your trip set before sorting your insurance, as your provider will require an accurate set of dates and a list of the countries you’re off to in order to draw up an accurate contract.
That said, many travel insurance companies advise their customers to purchase insurance around a fortnight before the first deposit for the trip is made, to exploit the so-called “advantage period” that comes with booking insurance early. It’ll enable you to make the most of benefits like pre-existing condition waivers and free cancellation.
Oh, and don’t buy into the rumours that buying insurance early will hurt your pocket. As a matter of fact, it’s far more cost-effective to get your ducks in order and to purchase the right policy earlier in the travel-planning process. After all, no matter when you book, your insurer will only charge you for the dates of your actual trip.
- Is travel insurance worth the money?
It’s all too easy to convince yourself that travel insurance isn’t worth the extra expense, but the benefits of travel insurance quickly outweigh the small debt incurred in purchasing it.
Travel insurance’s cancellation clauses are particularly valuable, as they’ll allow you to reclaim any deposits you’ve made if you don’t end up travelling. If you’ve spent years saving up for a dream trip, the best way to avoid a world of woe is to safeguard your experience in the case of an unexpected delay back home.
Photo credit: Edar
- Pick your preferred policy
Procuring adequate protection for your unique situation is key. Before you buy, make sure that you’ve thoroughly perused multiple insurance providers’ policies.
If you are travelling or indulging in extreme activities (scuba diving, sky diving, bungee jumping and a whole lot more) make sure that your travel insurance can cover these since they can sometimes be difficult to define.
For example, if you’re a regular traveller and have more than a few overseas trips planned for the next year, then for you, an annual plan is going to be far more economical than a one-off package. It’s also smart to consider whether you’re travelling solo or in a group, as matters like group repatriation can get tricky if you’re dealing with a bunch of individual policies.
Photo credit: Juanba_Dj
- Get your estimations sorted
If you’re booking your insurance super early, then you may be puzzling about just how much to insure yourself for. Don’t worry too much, as most companies will allow a little leeway for you to estimate costs. You’ll be allowed to add your plane tickets on to your plan later as well as any additional reasons for cover that may pop up.
It is best to overestimate rather than to underestimate, however, as you can get a premium refund later for the cover you don’t use.
- Be savvy
Try not to fall into the trap of buying the first travel insurance you see (i.e. the insurance offered through your flight booking). It’s better to do your research and to get at least a few quotes in hand before making any decisions – you need to make sure that you’re getting the cover you need, and at the right price.
Photo by henribergius