We all know that travel insurance plans can differ widely in benefits, features, and prices. Some offer just a little more cover for a slightly higher cost, and the least expensive option is not necessarily the best you have. If you’re looking for the right travel insurance plan to cover you on an upcoming holiday, here are tips to help you out:
LEVEL OF COVER – This is obviously the first thing you need to look into. For example, will the policy cover you for theft or loss of your baggage, medical emergencies, trip cancellation and travel delays? Prior to comparingvarious plans, make sure you already know what inclusions you need.
AGE FACTOR – YOur premiums will be affected by your age. The older you are, the higher your premiums.
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MEDICAL CONDITION – Any medical conditions you have must be revealed fully to the insurer, despite this causing your premiums to rise a bit. If you don’t, your policy may be rendered void, hence preventing you from making any claim, whether it is related to your present medical condition or not.
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LIMITS ON LOSS OR THEFT OF BAGGAGE – Policies may provide protection against theft or loss of baggage, but not necessarily for its entire cost. The claim is often limited.
There are certain items (mobile phones, for example) that travel insurance does not cover, but it’s easy to buy add-on coverage for them if you want to.
HOLIDAY CANCELLATION – If you plan compensates you for holiday cancellation, ask how much. Say you’re going on a cruise, which typically costs thousands, will they cover you for that much?
SINGLE-TRIP INSURANCE – As you might expect, single-trip insurance may not give enough protection if you’re going on a cruise. Your best option is none other than a dedicated cruise insurance plan. If you’ll be traveling for more than a month, cruise or not, you will still need specialist insurance.
SINGLE-TRIP OR ANNUAL – The idea is basic: if you travel very often throughout the year, annual makes sense; otherwise,go for single-trip.
FAMILY INSURANCE – Double-check with the insurer as this may exclude stepchildren.
TRAVEL ADVISORIES TO CERTAIN COUNTRIES – If you insist on traveling to a country which, for some reason, your government has officially advised the public to avoid, you may not be able to make a claim. If you’re unsure, make it a point to ask the insurer.
SPORTS COVERAGE – If you’re going skiing, for example, you may not be covered by standard travel insurance.
Getting the right travel insurance coverage involves comparing different plans from different providers. This is your only way of knowing which among them is the perfect one for your needs.