Timing is Everything–Especially With Travel Insurance. Few things in life are as satisfying as a trip abroad, and most of us can’t wait to start our big adventure. Anticipating what is to come only increases our joy.
Planning our trips is part of the fun. Running around, buying tickets, luggage, clothes, and other items we plan to bring with us isn’t even a chore. It doesn’t even hurt to pay for these because we know we’ll soon be discovering places we’ve never been before. However, there is a “fly in the ointment”, another expense that we don’t want to have because although it costs us money, we get no specific benefit. What am I talking about? Why, travel insurance, of course!!!
Is it okay to buy travel insurance at the last minute?
I don’t know about you, but as far as I know, paying for travel health insurance is not my favorite way to spend money. Could it be because travel insurance isn’t exactly sexy? Or because it just adds to the cost of an already expensive trip? Whatever the reason, I don’t want to spend money on travel insurance. However, because I knew it was absolutely necessary, I bought it. However, I tend to delay the purchase for as long as possible because it always feels like a “plus”. Am I doing myself a favor or not? Are you a gamer?
Timing is Everything–Especially With Travel Insurance.Will keeping money in my pocket for as long as possible help me or hurt me? By delaying the purchase of travel health insurance until the date of departure, I am harming myself. That’s because I’m really betting that nothing will happen to me until I buy my insurance. I bet I or someone in my family won’t get sick or injured before departure. Also, if I don’t buy it and something bad happens, I won’t have any coverage and I’ll be out of luck. Wouldn’t I be smarter to buy travel insurance as soon as possible to minimize my risk and maximize my potential benefits?
Don’t Lose Your Existing Condition Coverage
There’s another reason to buy travel insurance right away. Sometimes we organize our trips by sector and don’t book flights all at once. We, as travelers, are eligible for a pre-existing health condition exclusion waiver provided we purchase 7-21 day travel insurance (depending on policy) to carry out the its agreement. If we wait any longer, we may not be eligible for these benefits, especially if a previously unknown medical condition has materialized.
Don’t wait until everything is perfect before you buy
Timing is Everything–Especially With Travel Insurance.Every time I travel, I know in advance how much my plane ticket will cost, how about you? Maybe you’ve planned a trip but haven’t bought your plane ticket yet. I recommend buying travel insurance even if you haven’t purchased a ticket, as this will ensure that you will be eligible for an exemption from pre-existing conditions. If you don’t know how much your flight will cost, estimate the cost and include that number in the total cost of the trip. Then, once you’ve purchased your plane ticket, you can notify the insurance company. This way, you don’t run the risk of ineligibility for a medical condition that arose prior to departure.
What if you went on a trip?
I happen to be one of the most procrastinators in the world. My motto is: “Never do today what you can put off until tomorrow, because you might get lucky and don’t have to!” Maybe you’re also a procrastinator and avoid buying travel insurance before you hit the road. What happens if you postpone buying travel or alien insurance AFTER your departure? Are you unlucky? Not eligible for insurance because you didn’t buy it before you left home?
Fortunately, the good news is that even if you decide to buy after you’ve left, you’re still eligible for coverage. If you have Internet access, you can find and buy travel and expat insurance online, even after you travel or live abroad. As the saying goes, “Better late than never”, especially in this case!
Can you get coverage for someone else who has left?
Here is another scenario. What if there is an emergency and a family member (including minors) or friend or employee has not yet purchased travel insurance but has traveled? Should they travel without insurance? The answer is no, they don’t have to go without travel insurance. You or someone else they designate can go online and purchase travel insurance on their behalf. It’s good to know that when friends, family or employees are too busy to buy their own travel insurance, they don’t have to.
In this case, you just need to complete the online application and make the required online payment. You will receive instant confirmation and even be able to print a copy of the policy. However, there is a caveat. If you are purchasing travel insurance on behalf of a minor, you will need to sign up as an adult first to receive coverage. It is important to note that they will not be eligible for coverage for pre-existing medical conditions arising during the trip after departure and prior to their purchase of insurance. This is just one reason why buying travel insurance shouldn’t be delayed.
In the world of travel insurance, timing is definitely everything.
They say timing is everything. Buying travel or expat insurance is probably not safe