So here comes the big question : when should you get your travel insurance? As soon as you start spending money on your travel plans! As soon as you put your deposit down for a cruise, tour flight, or hotel booking, you’d better start purchasing your travel insurance. Most trip cancellation plans provide you with better pre-existing conditions coverage if you purchase it in the first 14 days. The cost will not get any less if you wait till shortly before you leave, while you may also develop a pre-existing condition that won’t be covered the longer you wait!
If you purchase your travel insurance just before you leave, then trip cancellation and interruption is not required. Make sure you get travel insurance to cover your medical expenses and medical evacuation while you are travelling abroad. If you are not insured, medical claim abroad can potentially cost you hundreds of thousands of dollars! And even though it is not advisable, it is also possible to purchase your travel insurance when you are already on your trip.