Can I add someone to my travel insurance policy while traveling?

Traveling provides an opportunity for people to explore new places and experience new cultures. Nonetheless, a well-planned vacation can be ruined if a traveler meets with an unfortunate incident, such as a car accident or loss of personal belongings. To protect themselves from losses that may occur during their vacations, travelers should obtain a travel insurance policy before they set off.

It is common for people to meet fellow travelers during their vacations, and they may end up traveling with their new found friends and taking part in various adventures together. Some of them may even want to add their friends to their travel insurance policies, so that they will all get financial protection throughout the course of their travels. Nonetheless, it is not possible to add another person to a travel insurance plan in the middle of a vacation, because the policy has already been in effect.

The only time that policyholders can add a travel mate to their policies is before the date of departure. They can cancel their policies, and then repurchase an updated policy, but they have to do this within 10 to 15 days of the date of purchase. This period of time is often referred to as the “free look period”, and those who cancel their policies within this time will be able to get a full refund of the premiums that they have paid. After they get their refund, they can buy a new policy and add their friends to it. Different insurance companies have different rules and regulations regarding cancellation of policies. To ensure that they will get a full refund with minimal hassle, travelers should read their policies thoroughly or ask their insurance providers for more information. Some providers may charge a small administration fee for cancellation of policy, but it should not cost more than a few dollars.

If you are planning to travel with a large group of friends, it is better for you to get a group travel insurance policy. A group policy provides the same coverage options as single policies, but it offers protection for a whole group of people. Purchasing group travel insurance is more cost-effective than getting several single policies. Group policies can be bought from almost any insurance company, and you should compare offers from a few different companies before you decide to make a purchase.