After you purchase a travel insurance plan, use the free look period to be sure it’s exactly what you want and need. Here’s what the free look period is all about.23 February 2011
All travel insurance plans have a free look period that starts when the plan is purchased and lasts between 10 and 15 days (see the plan details).
This free look period gives you time to review your policy and return it for a refund within the time period.
It’s essential to understand the limits of your policy.
Most disputes regarding denial of claim can be avoided by fully understanding your policy, what it covers, and what it does not cover.
The free look period is the perfect opportunity for you to get comfortable with the terms in the insurance certificate. This is the actual agreement – the contract – between you and the insurance provider.
Don’t forget, if changes are needed to make the policy work for you, you’ll want to make those changes during the free look time.
After this time, your policy is considered in effect and you’ll be subject to the rules and limits of your agreement.
The free look period comes with a money-back guarantee that allows you to cancel the policy if you change your mind (there is often a small, nonrefundable processing fee – from $5 to $8 – to cancel depending on the plan).
Instead of canceling your policy, however, consider making changes to the policy so it works better for your needs.
Travel insurance plans let you make changes to your policy.
You can change travel dates, and they let you decrease or increase your covered trip cost, but you must make these changes before your original departure date – that is, the departure date in the original policy certificate.
You cannot make changes or return your policy for a refund if you have filed a claim or started your trip.
|Policy||Company||If purchased within||Look-back period||Policy limit|
|Basic||Allianz||14 days||120 days||$10,000|
|Deluxe||Allianz||14 days||120 days||$50,000|
|Classic||Allianz||14 days||120 days||$20,000|
|Custom Luxe||CSA||1 day (24 hours) of final payment||180 days|
|Global Alert Preferred||Global Alert||15 days||60 days|
|Global Alert Preferred Plus||Global Alert||15 days||60 days|
|No coverage||Global Underwriters|
|No coverage||HTH Worldwide|
|Advantage Complete||MH Ross||15 days||60 days|
|Advantage Asset||MH Ross||15 days||60 days|
|Advantage Bridge||MH Ross||15 days||60 days|
|RoundTrip Choice||Seven Corners||10 days||60 days|
|RoundTrip||Seven Corners||10 days||60 days|
|Travel Basic||Travelex||15 days||60 days|
|Travel Select||Travelex||21 days||60 days|
|Sportsman's Travel||Travel Guard||15 days||180 days||$30,000|
|Platinum (Cruise, Tour & Travel)||Travel Guard||15 days||60 days||$50,000|
|My Travel Guard||Travel Guard||21 days||180 days||$50,000|
|Gold||Travel Guard||15 days||180 days||$30,000|
|Adventure Travel||Travel Guard||15 days||180 days||$30,000|
|Savvy Traveler||Travel Guard||15 days||180 days||$15,000|
|Silver||Travel Guard||15 days||180 days||$15,000|
|Select Elite||Travel Insurance Services||21 days||60 days||$60,000|
|Select Plus||Travel Insurance Services||15 days||60 days||$60,000|
|Select Basic||Travel Insurance Services||15 days||60 days|
|Trip Protector Lite Expanded||Travel Insured||14 days||60-180 days *|
|Worldwide Trip Protector||Travel Insured||14 days||60-180 days *|
|Worldwide Trip Protector Gold||Travel Insured||30 days||60-180 days *|
|Protect-a-Group||TravelSafe||15 days||60 days|
|Vacation||TravelSafe||15 days||60 days|
|Vacation Classic||TravelSafe||15 days||60 days|
Damian Tysdal is the founder of CoverTrip, and is a licensed agent for travel insurance (MA 1883287). He believes travel insurance should be easier to understand, and started the first travel insurance blog in 2006.