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Get Better at Choosing Travel Insurance

Sunday, 16 June 2013
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Summary: Focus on some key elements can help you when shopping for good travel insurance policies.

It could be a dream travel for you, but sometimes things can go awry. Your family or you could fall prey to unfortunate events such as a medical emergency or an act of theft, or worse, violence. Something sudden such as an employee strike may cause your flight or cruise service provider, or your travel agent, to withdraw its services. Sometimes, weather may play spoilsport and cause a delay in your journey or even result in cancellation.

With travel insurance, you equip yourself better to handle unexpected events. Whether you are travelling within or outside your country, a basic understanding of the nitty-gritty of travel insurance can help you look deeper into travel insurance deals and make a well-informed decision.

Look for Insurance Categories Covered

To be beneficial, travel insurance must offer cover for all major likely situations. These include medical emergencies such as sudden illnesses and accidental injuries, property loss or damage, delay in travel, cancellation of the trip, returning from the trip sooner than planned, expenses to cover loss caused by you (e.g. accident, property damage, etc.) to others, and any kind of defaulting by the travel company or flight/ cruise service.

Look Around

Check different travel insurance providers and their products to know your options. Find out if there are customised packages so you get the maximum benefits of such an offer. For example, if you are a person inclined to adventurous activities on your travel, you could try an insurance option designed specifically for such travellers than a more generic insurance. You could also avail customised packages depending on whether you are a regular or a now-and-then traveller.

Similarly, you could go for an insurance that covers different aspects of travel challenges or stick to a single coverage, say, for example medical expenses. Compare different service providers to find an insurance option that best fits your needs.

Mind the Following Insurance ÔÇ£DosÔÇØ

  • Obtain travel insurance well in advance of your trip to avoid losing out on any coverage. Insurance companies usually specify a minimum┬á period before which customers need to get their travel insurance. Enquire your travel insurance service provider about such deadlines.
  • Ask the travel insurance company about their policies and charges for the aged. Insurance policies tend to be expensive for senior elders. Talk┬á to several service providers and know how they price their policies. Seek┬árecommendations from your known circle of friends and relatives regarding┬á reliable insurance service providers.
  • Choose to talk to insurance providers directly rather than going blindly with referrals and recommendations from your travel company. ┬á┬á Travel companies are more likely to have a vested interest in their recommendation and you could end up with an unreliable service provider.
  • Be cautious of travel agents that make having insurance offered by them part of their travel deal. Choose to have the freedom of purchasing travel insurance from external sources such as insurance companies or agents, banks and post offices, or other outlets that offer insurance services in your region.
  • Ask the insurance provider if the insurance policy involves┬áreimbursements. Some policies for example, may require you to submit bills ┬á┬á to claim reimbursements. In such cases, you would have to pay for the expenses from your wallet before your insurance comes to your aid.

So, the next time you are shopping for travel insurance, increase your chances of getting a better deal, and yes a more peaceful travel, with focus on the above key points.

 

 

Last modified on Monday, 16 February 2015 11:52