What is a deadline for travel insurance?
A travel insurance deadline is the final date that a travel insurance policy is effective. There are two key deadlines to keep in mind. The first one relates to the purchase of a policy, while the second deals with when a claim can be made.
Deadline for purchase
With visas, suitcases and arriving at the airport to think about, it’s very easy to forget about travel insurance. However, a lapse in memory may not be as bad as you think, as most insurers will not demand that you buy insurance in advance. Almost all brokers allow you to make a purchase up to and including the day prior to your trip and will cover you for the duration.
Even if you only remember about getting covered on the plane, you’re still in luck. You can purchase a policy after you’ve landed in your destination, although it is unlikely to become effective until the day after purchase.
Bear in mind that insurance companies are wise to people trying to claim for accidents that happened before purchasing a policy. Therefore, you should always get covered prior to your trip when possible to avoid any debates with your broker.
Deadline for claim
Most policies have a window within which you must file a claim if it is to be successful. Deadlines for submitting travel insurance claims normally range between 20 and 90 days, depending on the insurer. Claims filed after a company’s deadline, and without an acceptable reason for the delay, are usually void.
Our advice is to check this deadline with your broker before getting covered. Furthermore, in the event of an accident, try to submit all relevant detail as soon as possible after an incident to ensure your claim is valid.
What is the penalty for missing a travel insurance deadline?
This is a very common question for travelers from countries with mandatory health insurance. As travel insurance is not mandatory, there is no such penalty for not having cover.
When is the best time to buy travel insurance?
To ensure you get the best deal, the best cover and to avoid any unexpected hiccups, the best time to get insured is as soon as you book your trip.