How to Choose the Best Travel Insurance Policy :
Some travel insurance seems astonishingly cheap, you get what you pay for. A low price policy almost always means low coverage limits. So, how to obtain a travel insurance policy with good cover at a decent price.
Get to Know the Cover
It is vital to know exactly what you will be covered for before you set off on your travels. Lots of people book holidays this month. Yet most buy travel insurance in a hurry. It is not just what might happen, but your airline could go bust before you travel or you could fall ill. It makes sense to protect your trip from the day you book. Read the terms and conditions of any travel cover such as compensation for flight delays or need to cancel a holiday are essential.
Multi-Trip Policy
These cover all the traveling you do with limits on the length of each individual trip. Whether it is cheaper to buy a travel insurance policy every time you travel depends on how much traveling you do in a year. Also, the other huge advantage of a multi-trip policy is that you don’t have to shop for a new policy each time you book. You can normally choose, in order of cost, between worldwide cover, worldwide without North America, or Europe only.
Look for Multiple Cover
It is normally cheaper to buy cover for a couple, or a family, less than one policy – the best annual policies will also allow each of the insured to travel independently.
Check the Limits
Policy limits for insurers are often meant over baggage and cancellation and set unnecessarily high limits (or no limit at all) for medical cover. You can have paid more for larger amounts: cancellation ($5,000), emergency medical cover ($10 million), baggage ($2,000), missed departure ($750), personal liability ($2 million). It also has a useful extra – $2,500 cover against the financial failure of an airline or travel company. The excess is $75.
Be Watchful of Exclusions
All travel insurance policies should include a list of sports and activities, and those which need an extra premium to be included. You need to check these through carefully. There may be exclusions for activities, such as trekking. Also, note that winter sports are now usually an optional extra on multi-trip policies – typically with an extra premium for up to 17 days a year. Look out for restrictions – on lack of cover for skis left unattended and unsecured.
Age and Medical Emergencies
Other potential issues include upper-age limits on cover and restrictions for those who suffer from medical conditions such as high blood pressure, heart conditions, diabetes, and cancer. Travel Insurance policy for those over 65 years is becoming considerably more expensive. It is essential that a policy covers the cost of medical emergencies. Claims can easily stretch to tens or even hundreds of thousands of dollars, particularly if you have to stay in hospital.
Choose a good provider
Like most travel insurance policies, high excesses are commonplace. The first part of any travel insurance claim that must be met. Pastimes, such as harmless-sounding as pony trekking may not be covered if you have an accident.
