Step 4: Review your coverage and read your plan
Once you consider these factors and re-examine your quote, one or two plans may stand out.
If you’re online, you should be able to drill deeper into those plans and look at the policy.
Even if you’re not an insurance expert, reading your policy is a good idea. Here are some things to review:
Covered reasons for cancellation and interruption
Hurricane and blizzard coverage
Most plans won’t let you buy once a storm is named. Also, cancellation might not be covered if a storm obliterated your destination six months ago, and your plan may only cover storms that occurred within the last 30 days.
Many plans will let you cancel your trip if there’s been a recent terrorist event at your location within a recent amount of days from you arriving, but what about fear of terrorism? Fear of travel is typically not covered.
Like fear of terrorism, fear of contracting a disease is not a covered reason for cancelling a trip. Read your policy or call the travel insurance provider to make sure.
Read this closely. Pay special attention to the “look-back” provision that states how far back in the past the plan looks to see if your condition was present.
What isn’t covered? Among the things to look for on the exclusions list:
Action and team sports
Usually this includes but isn’t limited to auto racing, pro sports travel or extreme sports activities while traveling.
Travel for the purpose of getting medical care usually isn’t covered.
Fear of the unknown to cancel
Most plans don’t cover for fear of travel or just because you want to cancel or change your plans. There has to be a covered reason.
It’s not just the total luggage coverage. How much will the plan pay on a daily limit for items needed or how much for one item – and how are electronics treated? Often the biggest-ticket item you take with you when you travel is a computer or camera.