11 COVID Travel Insurance Things to Look For

10. Cost, deductibles, and timing of purchase

Premiums reflect trip cost, traveler age, destination, and policy features. Deductibles reduce premiums but increase out-of-pocket exposure for smaller claims. If you want pre-existing condition waivers or CFAR, buy within the required windows—often within 14–21 days of first trip payment. Waiting too long can forfeit these protections. Compare quotes across multiple providers for similar coverage levels rather than chasing the lowest price. Also, check whether the quoted premium is refundable if you cancel the policy within a short review period. For expensive international trips, a higher premium for generous medical and evacuation limits often makes sense. For short domestic trips with refundable bookings, a basic policy might be enough.