When is the best time to purchase travel insurance?

17 Sep 2023 3 min read

When is the best time to purchase travel insurance?

Travel insurance could be an important investment to protect yourself and your trip from unexpected events that can occur while travelling. Unexpected events range from medical emergencies, trip cancellations or delays, lost or stolen luggage, and even natural disasters. However, deciding when to purchase travel insurance can be a difficult decision. Should you purchase it right after booking your trip, or should you wait until closer to your departure date? We’ll share when the best time to purchase travel insurance might be and why.

The case for purchasing travel insurance straight away

The unexpected can happen at any time, from the time you book your trip, and right up until the time you leave for your trip. You should consider buying travel insurance as soon as you have your travel planned and booked so that you’re not left with financial liabilities if you need to cancel your trip due to unforeseen circumstances. For example, if you have to cancel your hiking trip because you accidentally broke your ankle, you can file a claim for non-refundable expenses such as flights or accommodation.

Purchasing travel insurance early can provide you with more time to read through your policy and ask any questions you may have. This can help ensure that you fully understand your cover and what you're protected for.

Can you buy travel insurance after booking a trip?

Yes, you can purchase travel insurance after you have booked your flights. With Qantas Travel Insurance, you are able to purchase a travel insurance policy at any time including the day of travel, right before you leave for your trip.

Can you purchase travel insurance right up until your departure?

Yes, if you didn't purchase travel insurance right after booking your trip, don’t worry. With some providers such as Qantas Travel Insurance, you can still purchase travel insurance right before your trip has started. Disclaimer Qantas Travel Insurance is issued by AIG Australia Limited ABN 93 004 727 753, AFSL 381686 (“AIG”). Qantas Airways Limited is AIG’s authorised representative (AR 261363). This is general advice only and your objectives, financial situation or needs have not been taken into account. You should consider whether the advice is suitable for you and your personal circumstances. Before making any decision to buy the travel insurance, you should read the Product Disclosure Statement (PDS), Target Market Determination (TMD) and Financial Services Guide (FSG). All cover is subject to terms and conditions as detailed in the PDS.

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