young travel insurance

Can you buy travel insurance while abroad?

Can you buy travel insurance while travelling?

young travel insurance In the past, travel insurance has required you to return home in order to extend insurance. If you are a nomad who might be travelling for one, two, or even three years abroad, you need to be able to extend your travel insurance without making a costly flight home. Some travelers on extended stays have been forced to travel completely uninsured due to the difficulties and costs of renewal.
However, there are more and more options for longterm travelers sprouting up.
For those under 40, True Traveller is a godsend for longterm travel. It is designed for the longterm, nomadic backpacker and offers both single and multi-trip coverage. But one of the biggest selling points is that it is available if you are already abroad.

Why do travel insurance companies refuse to offer insurance while abroad?

The main reason that insurance companies are hesitant to offer insurance for travellers already on vacation is fraud. Anyone who has lost a valuable item or got in an expensive accident while abroad thanks their lucky stars that they have insurance. But what happens if they don’t? Often, fraudsters will attempt to get a policy after the fact and claim items lost or stolen before the insurance policy, or pretend that a medical emergency occurred after the fact.

How does buying travel insurance while abroad work with True Traveller?

Forget to buy travel insurance in the rush to leave the country? Want to extend a year long trip to be even longer? True Traveller has your back. The travel insurance is limited to a single trip once you have been travelling already. The way that it works to counter the fraud associated with buying travel insurance while abroad is that it explicitly does not cover anything that happens before the coverage has been purchased. It is available for resident’s of the UK or EEA countries.

You are limited in that you cannot claim anything two days after renewing. This is to prevent fraud, and to stop injured people from buying the insurance and then visiting a hospital. As well, if you are in an accident in the two day period, you must have a witness willing to testify that the incident occurred while under the coverage period.

Are there other options for buying travel insurance while already abroad?

UK citizen’s are quite fortunate in that they have more than one option. World Nomads is an insurance agency which allows you to purchase additional travel insurance policies while already travelling, whether it is for leisure, work, or study. The waiting period is longer than with True Traveller. Rather than a two day period, there is a 72 hour period before coverage kicks in. They also have the anti-fraud device of requiring a witness to any medical emergencies within the three day period.

Those who are not citizens but only permanent resident’s of the UK are not so lucky. UK and Irish resident’s who do not have citizenship status must return to their country of residence in order to extend, renew, and book travel insurance.

I forgot to buy travel insurance, what can I do?

If you are not a longterm traveller and you simply forgot travel insurance, there are some additional options for you. If you are within a generous 17 days of departure, you can get a maximum of 31 days of insurance from Tower Gate Insurance.

Read the fine print!

Buying insurance while abroad is more tightly managed than buying before your trip as companies must face higher risks of fraud. Therefore, the fine print is likely to be more onerous. Make sure that you take the time to fully read through your policy before you book it.

What is terrorism travel insurance and how does it work?

Paris lost 1.3 billion Euros in tourism revenue in 2016 due to a loss of visitors due to terrorist attacks. With terrorist attacks dominating the news cycles internationally, it has put a dampener on travel to many European locales. The Department of Foreign Affairs and Trade (DFA) currently states that “Irish citizens throughout France should exercise a high degree of caution, should be vigilant in public places and should follow the instructions of local authorities at all times.” Due to the terrorist incidents of 2015 and 2016. This is only one example of a country that had a safe reputation up until recently.

If you are travelling abroad and are concerned about terrorist threats, the first step is to register yourself with the DFA. This service is most valuable to those who are travelling to areas which have higher risks associated.

The next step is to research terrorism travel insurance. While general travel insurance policies do cover the medical side of terrorist attacks, if you want to cancel or end your trip due to a terrorist attack most insurance policies offer no coverage.

While you will have to check with your individual travel insurance provider, in general terrorism insurance policies will cover evacuation costs, emergency accommodation, and cancellation.

Vigilantly use the DFA’s travel advisory website in order to see if the status of your vacation could be at risk due to terrorist attacks or the concern of a terrorist attack in the future. If you are covered by terrorism insurance, you will be able to cancel within a certain time period that is dependent on the terms and conditions of your individual policy.

Most terrorism policies do not cover for nuclear, chemical, and biological attacks. Check with your travel insurance broker to see if their general coverage includes conditions for if the DFA decides to update the status of a country to a high risk level. If they do not have such provisions, terrorism insurance could be the next step to having piece of mind.