If you have planned an expensive trip, you don't want to lose all of your money should you have to cancel. It is going to be disappointing enough to not be able to go on the trip but even more disappointing if you lose all of your money and are therefore not able to plan a new one. In order to solve this problem, you might want to consider purchasing travel insurance. Travel insurance is an insurance plan that requires a payment of a small percentage of the total cost of your planned trip. Should your trip be cancelled, they will refund you most of the money that you have already paid. Here are some tips for purchasing travel insurance.
1. Buy Travel Insurance When You Book Your Trip or as Soon as Possible
You want to make sure that you purchase travel insurance when you book your trip or as soon as possible afterwards. The reason for this is that travel companies often have deadlines for when they are willing to allow you to purchase insurance. They don't want you to wait to determine if you need travel insurance because you're watching the unrest in a certain country, since this increases the chances that you will need your travel insurance to pay out. Many travel insurance companies will also be more willing to accept preexisting conditions if you purchase the insurance right away. Finally, if you are planning a trip to the Caribbean during hurricane season, you definitely want to purchase the insurance as soon as possible in order to make sure that you have the protection before any named hurricanes develop that could spoil your trip.
2. Consider Purchasing Individual Pieces of the Plan
If you have no other concerns about your trip but want to make sure that you are able to get a new flight should you accidentally miss yours, consider buying partial travel insurance that will cover the chances that you will miss your flight. This will result in you having to pay much less than you would otherwise. You could also purchase evacuation insurance instead of the entire trip cancellation insurance because it will allow you to not face prohibitive costs if you need to leave a country right away due to a medical emergency. This insurance is best if you are planning on doing something that could be considered dangerous while traveling, such as climbing a mountain.
For more information, talk to a company that specializes in travel insurance. Check out sites like http://www.collinginsurance.com/ for other insurance information.