Should You Buy Travel Insurance in Advance or After Booking?

Travel insurance is like the friend who helps you exactly when you need it. Most families and tour operators plan a lot about the travel, the itinerary, and the expenses. If they just do a little more research, they will see that travel insurance plans can help them save more money if something goes in an unplanned manner. Most insurance plans for travelling tend to cover medical expenses, cancellation expenses, emergency cash requirements, deportation expenses, and a whole range of other expenses.

When Should You Buy Travel Insurance?

Generally, people tend to buy travel insurance a little after making the bookings for their flights, hotels, and other touchpoints in their journey. The question is – how do you define ‘little’?  

•        Early Booking and Long Gap Between Booking Date & Travel Date.

The answer depends on the gap between the day you have booked everything and the day you set out to travel. If you are making the travel bookings a few months in advance, you can wait for some time and then book the travel insurance. This makes sense because early bookings also give you the advantage of early cancellation without paying hefty penalties. So, you can work without insurance in this particular scenario.  

•        Late Booking and Lesser Gap Between Booking Date & Travel Date.

Most of us do not book a travel plan months in advance. We might have an idea early on, but we make the bookings closer to departure date. In this case, it makes sense to buy travel insurance as soon as possible, ideally within days of having booked the tickets and Accommodation. The reason for doing this is very simple – you get the benefits of pre-departure coverage. It is advisable to compare travel insurance plans before making a haste purchase as this would help invest in the best plan with all necessary inclusions and added benefits. Travel insurance policies also tend to include trip cancellation clauses. If your trip gets unfortunately cancelled for a reason stated in the policy documents, you can cancel the trip while getting a good enough reimbursement. The answer can also depend on how frequently do you plan to travel:

•        For people who plan to have multiple trips in a year, a plan covering 90, includes multiple trips, and extends for a year will offer the maximum benefit.

For people who take only one or two trips in a year, an individual travel insurance plan covering one trip will suffice.

Additionally, if you’re looking for trustworthy and verifiable Travel Insurance provider then give it a try Schengen Visa Itinerary. They’re offering Flight Reservation for visa, Hotel Booking at your destinations and Travel Insurance for any Schengen visa country.