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The date upon which any money was paid for any covered travel arrangements is the trip deposit date. Arrangements purchased directly by the traveler and any monies paid to a tour operator or travel agent are included.
The trip deposit date is important because many travel insurance benefits — such as the pre-existing condition waiver and cancel for any reason coverage — must be purchased within a specified number of days after the initial trip deposit date. A trip deposit is any initial payment made toward your trip arrangements, whether paid directly to an airline, hotel, cruise line, tour operator, or travel agent. As soon as you make your first payment toward a trip, your window for purchasing time-sensitive travel insurance benefits begins.
Travel Insurance Glossary
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