While planning a trip abroad, travel enthusiasts are likely busy weaving dreams about the big adventures that will unfold overseas. However, one crucial aspect that most people need to remember is having travel insurance. This blog discusses when to purchase travel insurance and why securing your trip is vital against any unforeseen incidents.
When Is the Best Time to Get Travel Insurance?
Travel insurance coverage should ideally start the day you physically depart from your home for a trip to a foreign country. This enables you to be covered for medical emergencies, flight delays, trip cancellations, etc.
In the case of trip cancellation, the protection begins at 12 a.m. on the day after purchasing insurance and is valid until your trip starts. Travel insurance ends on the exact day of your home arrival. Some insurance coverage can be extended if there is a delay due to an insured reason. Most travel policies also extend insurance coverage if unforeseen circumstances delay your return home on time.
Now, the question arises when to purchase travel insurance. The simple answer is to buy it while booking flight tickets for your trip. It gives you peace of mind should any untoward incident occur before and during your flight.
It is highly recommended that you buy an insurance policy at least 14 days before your trip so that it becomes fully functional. This 14-day window provides maximum benefits through comprehensive coverage for medical emergencies, baggage loss, and travel delays. Late purchases may lead to denial of benefits like trip cancellation, though it will cover all other benefits.
Also, by investing early in the insurance purchase, you have the leverage to update your policy later with the final trip cost.
Conclusion
Don’t delay buying your travel insurance once you have decided to go on an international trip. Check it for ample coverage of any potential risks associated with your journey and at the destination. Also, read through the policy’s terms and conditions carefully before starting your journey to know your rights and obligations in case an emergency arises.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.