15 Tips For Buying The Best Travel Insurance Policyby Rizwan Khan Professional Interior Designer
15 Tips For Buying The Best Travel Insurance Policy
A travel insurance is the most essential thing for a trip, in other words, it is quite similar to the scenario that it is insensible to have a house without insurance and a vehicle without insurance similarly one cannot have a journey without travel insurance. Travel insurance provides coverage against losses when things go wrong during the trip like medical emergencies, flight cancellation, loss of luggage and passport. But it’s a fact that after spending a huge amount on your trip travel insurance is the last thing in the mind but don’t allow the travel agents to fool you around with costly travel insurance. There are a various travel insurance online options available which can be very confusing. The following 15 tips for buying the best travel insurance policy can help you find a precise policy.
1. Price should not be the only consideration
While purchasing a travel insurance policy it is advisable that cost should not be the decisive factor and one should look beyond the prices. The premium is highly affected by the level of excess i.e. the higher you pay before the insurer pays out, lesser the premium amount will be.
2. The kind of Trip
The other things one must keep in mind before opting for the policy is one needs to decide the destination and also the number of holidays planned in a single year. If you are going for a single trip in a particular year single trip policy is the perfect one. But, if you need to travel very often then the Annual multi-trip policy is an ideal choice. The last one is a back-packing policy that helps to cover an extended period for multiple destinations.
3. Postponement or cancellation of the trip
There are various situations in which one might need to postpone or cancel a trip like an outbreak of viral disease etc. So, it becomes necessary to verify if the policy offers coverage for postponement or cancellation.
4. Trip duration limit
When opting for travel policy, confirm the number of days that come under the policy trip duration. Most of the multi-trip policies offer around 31 days validity, but there are few which offer as little as four days validity only. So if one is planning to stay for a longer period then go for specialist cover.
5. Sufficiency of the amount insured
The sum to be insured depends on the type of plan selected like a basic or superior plan. It is sensible to go for a superior plan if the trip is to some expensive destination. In order to determine the level of coverage, it is recommended to estimate the possible expenses a traveler has to sustain.
6. Medical costs, evacuation, and repatriation coverage
In order to access better medical facilities, people go for internationally qualified doctors and hospitals. This might prove to be extremely expensive without a proper plan that covers high medical costs and also evacuation and repartition coverage in foreign hospitals.
7. Category of the people traveling
It is suggested to make sure that the policy covers the various categories of people like children below 6 months, senior citizens above 75 years physically handicapped or even a pregnant woman or any of the above traveling.
8. The reputation of the insurer
It is very essential to select an insurance agency that is reputed to offers 24x7 global assistance along with emergency management abilities and capability to progress the claims rapidly.
If one has plans to drive in a foreign country then ensure that the policy has provisions to cover the rental car, mostly all the companies offer it as standard whereas few need to be paid additionally.
10. Purchase travel insurance along with trip bookings
Most of the people are used to buy travel insurance policy just a few days before traveling but it is advised to purchase it the moment the trip is confirmed, air tickets, and hotels are booked. This ensures trip cancellation cover.
11. Baggage cover
It is very difficult to claim for articles stolen or lost during travel because there are a lot of fake claims regarding baggage covers. The insurers ask for receipts or evidence of the items stolen abroad. Therefore consider earlier before adding a baggage cover to travel insurance.
12. Family travel insurance
In case of traveling with your family try opting for a family travel insurance which is quite flexible and customized. Keep in mind to verify if the policy covers your children or not, therefore, one can give details of the number of adults and children.
13. Airline collapse
It is recommended to make sure the travel insurance covers the incidents like the collapse of airlines and travel companies. Though, a lot of company nowadays includes airline cover. In case it is not added try including this cover, as it would not cost too much.
14. Risky activities
If one is planning to go for an adventurous trip including any of the activities like scuba diving, trekking, horse riding or jet skiing, Ensure that the travel policy covers risky activities as a lot of policies tend to exclude such activities cover.
15. Don’t purchase from agents
Try not to purchase the policies from tour operators, travel agents or airlines as this may result in higher prices and would not be cost-effective because they have their own commissions and profit margin which adds up to the cost.
Created on Aug 29th 2018 10:50. Viewed 974 times.