Buying a travel insurance policy is as important as buying a ticket for your travel. This is an inevitable thing which you need to take if you are planning a trip. Travel insurance gives you protection against financial losses from unforeseen events like loss of luggage, emergency medical care, disruption in travel plan, and so on.
However, you need to compare more than two travel insurance policy options in order to choose the best one. Here are some things which you need to remember when you compare travel insurance policies.
• Check if the policy cover is enough to cover the cost of your medical treatment in the country or countries you are traveling. Don’t compromise on the amount of cover for the sake of less expenditure. Choose coverage which provides an adequate level of protection, even though it means you have to pay an excess premium.
• Choose a policy that covers the cost that you would suffer after the cancellation of your travel plan. It is good to have a decent cancellation cover if the travel is planned in advance. So, buy a plan which provides you your loss as much as possible after cancellation of a travel plan. This could be due to illness or injury.
• Know which destinations are excluded from the proposed travel insurance policy. Choose the policy which provides you cover for maximum destinations.
• Choose a policy which will provide you with some natural disaster cover.
• Have an idea if pre-existing medical conditions are covered. Choose a policy which provides cover for pre-existing medical conditions and then take out a medical appraisal.
• Opt for a policy which covers many items, like electronic goods, valuables and important belongings. Some policies allow you to cover specific valuables for an extra fee.
• Insurance companies can reject a claim in case you meet with an accident under the effect of alcohol or non-prescribed drugs.
• Choose a policy which offers value-added services like medical concierge services for your dependent on trip.
• Know in advance if you can extend a policy while overseas, or even take out a policy while you are already travelling.
Every traveller is suggested to carefully read the policy wording in order to have a clear understanding of the terms and conditions in the travel insurance policy. It is better to be aware about everything than to be shocked when stuck in a distress situation.
Most insurance companies exclude the following factors from travel insurance policies. You need to have a clear idea of exclusions. Take glance at the most common exclusions to have a better idea-
• Addiction to alcohol or drugs.
• Mental disorders, anxiety, depression.
• Venereal diseases.
• Nuclear weapons induced losses.
• Civil unrest
This brief article should provide assistance in comparing travel insurance online, the best way to compare is to head online and type in compare travel insurance to get the best idea. For an affordable travel insurance quote, go to Travel Insurance Saver.