1. Firstly, Know What Travel Insurance Is
Surprisingly, a lot of people don’t know very much about travel insurance. Travel insurance is designed to cover the unpredicted medical emergencies and events like trip cancellation, your personal effects, lost, stolen or damaged luggage by an airline, and also other related losses while travelling.
However, you must note that the travel insurance is not a substitute for your health insurance policy in your home country. However, a medical component is included in your travel insurance policy to cover sudden illness or accidental injury during your travel. The level of coverage is dependent on the plan which you opt for and the provider who you choose.
2. Check Some Important Factors
a. Level of coverage
Before buying travel insurance, you need to check whether the policy covers indemnity for medical expenses occurred abroad, or can you also gain compensation for medical treatment continued in your home country as well?
b. Payout time and other requirements
Also, you need to check that whether the contract requires you to submit any written report of the incident within a given timeline? Also, you make sure to check which supporting documents do you need to attach to your claim?
3. Check The Exclusions From Your Insurance Policy
The travel insurance policies will have some exclusions which they will not cover you for. For instance
• Harsh weather conditions or natural disasters.
• Acts of god (like an earthquake).
After checking the exclusions, you can then choose the best travel insurance which comes with least exclusion.
4. Know If You Wish To Choose An Annual Policy Or Single Trip Cover
While searching for the best travel insurance policy, you need to have a basic foresight about your travel goals so that you can choose the right policy. If you know that you are going to travel several times in a year than you can choose an annual travel insurance policy which will cover all your trips and can be far more cost-effective. Otherwise, you can simply stick with a single trip travel insurance policy.
6. Know Everything About Amount Of Premiums
Note that the insurance premiums are based on the oldest traveller, and after a traveller turns 65 they increase the premiums. So if at least one of the travellers is 65, then a separate policy for the older traveller can be a best option to avoid everyone else paying over the odds.
7. Check The Cancellation Policy
It’s no fun to travel if you suffer from illness before you leave. So then you have to cancel the trip. Many unexpected problems may pop up. However, you need to note that not all insurance policies cover cancellation of flights and accommodation. So make sure that you read the policy wording carefully before you sign any document.
8. Pay Attention To Government Warnings
Many travel insurance policies may have a clause where they won’t cover you in case you travel to a country which your government has warned you against travelling to. Based on this clause, the insurer can argue that the risk was foreseen, and you were warned. So, be aware about the governments before planning your travel and signing your travel insurance policy.
At Travel Insurance Saver, we offer amazing insurance policies to suit the needs of all the travellers. So if you are planning your travel soon, then connect with us and get the best travel insurance policy.