Timing is Everything: When You Should Really Buy Travel Insurance

Though some Americans may still be clearing remnants of New Year confetti out of furniture and carpets, many are already starting to make their summer vacation plans. In doing so, they are faced with a decision—when to buy travel insurance.

“The financially prudent thing to do is to buy insurance when you have money at risk. If you buy nonrefundable airfare, which most of us do, your money is at risk right away,” said Bob Chambers, vice president of operations at Generali Global Assistance. “For cruises and tours, it may not be an issue until cancellation penalties start to kick in. That could be at six months prior to departure.”

No matter when the plan is purchased, travelers should remember to consider travel insurance from a reputable provider such as Generali Global Assistance. With the right travel insurance plan and a summer vacation already in motion, travelers are poised to enjoy the rest of winter and spring looking forward to their next adventure.

A320 17 02