The Importance of Timing: When To Purchase Travel Insurance?

Travel insurance can provide essential protection, covering unexpected events that could impact your travel plans. Purchasing it too late may leave you without the coverage you need.

Chubb’s Travel Insurance offers travelers options for comprehensive protection, helping you to plan with confidence. Here in this article, you will find out the key considerations and the reasons for them.

The Best Time to Buy Travel Insurance: Right After Booking Your Trip

Once you’ve committed to booking your flights, accommodations, or excursions, it’s time to buy travel insurance. Deposits or charges for advance payments are often non-refundable, so recouping these upfront costs becomes essential. Travel insurance takes effect as soon as it’s purchased, providing coverage for cancellations or interruptions due to unforeseen events if you are forced to cancel your trip.

Why Does Timing Matter?

Travel insurance must be purchased before the start of your trip for you to be eligible for coverage under such a policy.

An early purchase can safeguard against costly expenses incurred if an emergency arises, such as an illness of yourself or a family member, preventing you from traveling. For example, if you get sick after bookings are made but before your departure, travel insurance can help to recover the expenses for non-refundable bookings.

With Chubb’s Travel Insurance, purchasing your policy early allows you to be eligible for Travel Cancellation, which reimburses expenses incurred if your trip is canceled due to specific causes stipulated under the policy. This benefit terminates as soon as you commence your planned journey.

However, it’s important to note that pre-existing medical conditions are a general exclusion and are not covered under the policy. 

Why You Shouldn’t Wait Too Long to Purchase Travel Insurance

Delaying your travel insurance purchase may restrict your claim under the travel cancellation benefit for an event or circumstance that occurs or you prior to the date of purchasing insurance or prior to you becoming aware of any circumstances that could lead to the disruption of your journey. For example, once a major event like a natural disaster is announced, it might be excluded from coverage if you have not already purchased insurance.

Can You Buy Travel Insurance Closer to the Departure Date?

Yes, but there are limitations. While you can buy travel insurance up until your departure date, certain benefits may no longer be claimable. As an example, if a hurricane at your destination or an airline strike is already reported, your policy may not cover these events if purchased after such reporting.

The Last-Minute Covered!

Even if you missed purchasing early, last-minute insurance purchases can still cover essential benefits such as medical emergencies and various travel inconvenience benefits. So, don’t skip insurance entirely on purchasing your travel insurance.

Buying Travel Insurance After Departure: Is It Possible?

No, travel insurance cannot be purchased after your journey has commenced. Policies must be secured before departure to ensure all coverages under the policy are claimable. To enjoy comprehensive protection, make it a priority to purchase travel insurance before starting your trip.

Why It’s Not Ideal?

Coverage for cancellations or baggage protection is usually not available once you’ve started your trip, leaving you vulnerable to financial losses. To ensure complete protection, purchase your policy before departure. This way, you’ll have full coverage, including cancellations and lost baggage, which isn’t available after the trip begins.

Conclusion: Secure Your Travel Insurance Early for Maximum Protection

In summary, purchasing travel insurance as soon as you’ve booked your trip arrangements ensures that you enjoy all the coverage and benefits under the policy. Early planning maximizes your protection, providing peace of mind for unforeseen events. Don’t delay and get Chubb’s Travel Insurance as soon as you make arrangements to safeguard against unexpected occurrences on your trip. Chubb can accommodate different levels of insured amounts for the respective coverages, ensuring you’re prepared for any unexpected situation that may come your way.

By buying travel insurance early, you protect yourself from financial risks and gain the peace of mind to fully enjoy your journey. Explore your options under Travel Insure today and take the first step toward a secured worry-free travel.

This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) for general information/guidance purposes only and is not intended to constitute advice or recommendations upon which a reader may rely nor be viewed as a substitute to obtaining proper legal or other professional advice. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions as set out in the Travel Insure policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A copy of the policy wording can be obtained from the website or by contacting any of the Chubb offices.