I am interested in travel insurance policies that cover cancellation for any reason?

Trip cancellation provides coverage for “named peril” policies, meaning they will only cover you for a specific covered reason named in the policy. None of them provide coverage for “any reason” such as for a person’s inability to get time off from work. Generally they cover cancellations due to health, weather, airline or cruise line bankruptcy, etc.

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What does it mean to have the Pre-Existing Conditions waived if insurance purchased within ‘x’ days from First Trip Payment?

This means you will have coverage for a pre-existing condition if you need to cancel/interrupt your trip. You get this by purchasing the policy within ‘x’ days the company requires (this varies for different companies), after the first payment towards your trip is made.

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What if I take medication for high blood pressure, for example? Would this be considered a Pre-Existing Medical Condition?

If your medication is controlled and you see a Doctor for routine checkups, this would not be considered a pre-existing condition. It would only be considered a pre-existing condition if your Doctor altered your medication, had a test done, requested that a test be done, or changed your diagnosis.

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I booked part of my vacation, but not the flight. I would like to purchase travel insurance within the pre-existing condition exclusion waiver period. Do I have to wait until the flight is booked?

You can certainly purchase the travel insurance right away. You should however include the cost of your airline tickets in the trip cost. If you can find out what the price of the tickets will be before purchasing them, you can include that amount in the total trip cost. If not, an estimate will have to do. Otherwise, buy the policy now with the costs expended to date and contact us at insurance@nriol.net when you make your other arrangements and we will have the policy corrected to reflect the change. If there is any additional premium as a result of […]

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When is the best time to purchase travel insurance?

To receive the most benefit from the travel policy you must purchase the insurance within 7 to 21 days (varies by company and plan) of making your initial trip payment. If the insurance is purchased within the 7 – 21 day period may you receive two significant enhancements (varies by company and plan) to the policy. Protection against the financial default of a tour operator, airline or cruise line. The pre-existing medical condition exclusion is usually waived. Please note that most companies count the day you make the first trip payment as day one and not the day when the […]

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