Date to Take Annual Multi-Year Insurance out

[FredF]

My current Annual Multi-Trip Insurance is about to expire, should I wait until I am about to go away next before renewing? Say I am going Away on 1 February, should I hold off renewing until late January (so the 12 months stretches a bit further) I would appreciate your views.
Thanks

 

[drron]

Definitely wait. We use SCTI and we can nominate the start date so always begin it on the day we leave. As well they do have the option of 60 day trips which we get close to on many trips.

 

[FredF]

Definitely wait. We use SCTI and we can nominate the start date so always begin it on the day we leave. As well they do have the option of 60 day trips which we get close to on many trips.

Thanks. I had a look at SCTI (because you mentioned it) and it appears they now have 90 trip cover! And the price seemed very competetive.
I will definitely look into that further

 

[RB]

Definitely wait. We use SCTI and we can nominate the start date so always begin it on the day we leave. As well they do have the option of 60 day trips which we get close to on many trips.

I guess the risk of that strategy is that you might miss cancellation cover if something happens between paying for part of the trip & when you start the insurance? I don't think it is a black & white situation.

 

[SYD]

I guess the risk of that strategy is that you might miss cancellation cover if something happens between paying for part of the trip & when you start the insurance? I don't think it is a black & white situation.

Some policies cover you from payment (take out the policy) and actual "start" date (that's usually the day of first flight etc) - which could be months away.

It certainly pays to read the fine print!

 

[Cynicor]

Normally the date of insirance 12 months from first flight, but you are covered for events happening prior. So buy now, if your purchase has a “travel date” or “first flight” date type field.

 

[SYD]

Normally the date of insirance 12 months from first flight, but you are covered for events happening prior. So buy now, if your purchase has a “travel date” or “first flight” date type field.

or purchase the insurance once you’ve booked a big ticket / non-refundable item.