Here are the tips that you must factor in to get the best travel insurance coverage.
1. Never buy from a tour operator, travel agent, or airline They will charge you more premium for your travel insurance policy. 2. Analyze your Travel Insurance Coverage Before you start finding any deals on various insurance aggregators, you need to know what insurance coverage you want so that you know what your insurance expectations are. Domestic travel insurance plans’ coverage is different than international travel insurance plan. 3. Be sensible about the excess An excess is an amount to be borne by a policyholder. An insurance plan coming with a higher excess will come with a lower insurance premium as compared to other insurance plans. In any sense, it won’t be worth it. 4. Choose Yearly Insurance Coverage in case you travel more than 3 times in a year If you travel more than 3 times in a year or 2 times in a year and one trip is to the America, then buying a yearly travel plan that provides coverage on an annual basis. The total premium will cost you lesser than paying the premium for separate insurance plans. 5. Worldwide Policy Exclusion You do not have to purchase a worldwide travel plan if you travel to North Africa, Morocco, Turkey, and Egypt as it comes under Europe in most of the insurance plans. America isn’t the world; several "worldwide" insurance plans don’t offer insurance coverage for the America and Canada. 6. Pay attention to Age Limit and Medical Exclusions Many travel policies, especially the ones with the cheapest premium, will not provide insurance coverage to anyone over 65 years of age, no matter how much active and fit he is. Most policies won’t cover any pre-existing diseases. Never ever hide your pre-existing illnesses from your insurance provider since you can’t hide pre-existing illnesses for a long period of time. 7. Adventures activities are not covered Many travel plans exclude adventure activities in their policy wordings. Activities like horse riding, jet skiing, mountain climbing and scuba diving expose you to risk. 8. Domestic Travel Insurance is as important as International Travel Insurance Insurance experts can’t stress more on the importance of domestic travel insurance. Be it domestic or overseas travel plans, it exposes you to multiple risks. Travel plans neutralize such risks. People tend to undervalue the importance of domestic travel insurance plan. You don’t make this mistake and travel safely. 9. Comparison is the Key Don’t buy the first travel insurance plan that you come across. Select the best plans that you like and compare various features and benefits offered by those plans. The plan that fulfills your travel insurance needs the most, go with that plan 10. Don’t go for inadequate Insurance coverage You know what’s worse than having no insurance coverage? It’s having inadequate insurance coverage. You must look out for an insurance plan that is high on insurance coverage and low on insurance premium. For more updates and News visit Policybazaar Linkedin
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AuthorInsurance and financial manager. Archives
May 2018
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