Final answer:
The statement that the premium for a Vacation Protection Plan must be collected immediately after adding it to a booking outside of penalty is generally true, as prompt payment ensures coverage for the trip.
Step-by-step explanation:
If the Vacation Protection Plan has been added to the booking outside of penalty, the premium must be collected immediately. This statement is generally true. The vacation protection plan is a form of travel insurance policy and premiums for such policies are typically required to be paid at the time of purchase or within a certain time frame after the booking to ensure that the coverage is in effect for the duration of the trip. The specifics can vary depending on the company offering the plan and the terms of the agreement. However, it's commonplace that payment for the protection plan is needed promptly to provide travelers with the necessary coverage before their trip commences.