July 5, 2018 · Cancel For Any Reason · 3 min read
The Importance of Timing when Purchasing Travel Protection
Most folks purchase travel insurance at the time they make their initial travel plans, but that is not always the case. There are some significant benefits that can be had when travel protection is purchased within 14 days of making the initial travel reservations. Travel protection can offer coverage for pre-existing medical conditions and the option of Cancel For Any Reason (CFAR) coverage when purchased within that window.
Travel insurance plans have an automatic exclusion for pre-existing conditions. That means they do not provide coverage for an existing condition, which is defined as any injury, illness, disease or other medical condition that occurs prior to the travel plan’s purchase date and for which a person has had symptoms and sought diagnosis and is under medical treatment and/or prescribed medications. It can run the gamut from high blood pressure, asthma, diabetes, cancer, old injuries and the like.
Our travel insurance plans cover pre-existing conditions by offering a waiver to the exclusion, but only if the insurance is purchase within 14 days of the initial trip deposit. Having pre-existing coverage means that the medical coverage terms provided by your policy is in effect because the pre-existing exclusion is waived.
Our travel plans are ‘group’ plans covering everyone in the traveling party. The reality is that the person making the arrangements for accommodations is likely not aware of the health history of his or her traveling companions, let alone their family members. It very well could be that someone is being treated for a heath condition that could take a turn for the worse at just the wrong time, resulting in a wrinkle to the best laid vacation plans.
A travel policy is a low-cost means for protecting against the loss of any non-refundable trip costs. Like any insurance, a low outlay upfront can provide peace of mind for covering the unexpected, knowing that your financial investment is not at risk. A standard plan provides protection for a broad list of covered events, ranging from injury and illness to airline delays, auto accidents, job-related issues and more. A CFAR policy expands your options by letting you cancel for reasons outside the standard covered events.
If travel protection is part of your travel plans, opt to purchase it at the time of your reservation and enjoy the added benefits at no additional cost. For additional information, we encourage you to visit www.protectionbrands.com.
Products offered by Insure Stays Insurance Group, powered by the RentalGuardian.com platform. Travel insurance is underwritten by United States Fire Insurance Company, a Crum & Forster company.