When you are traveling abroad, having travel insurance comes handy. However, one often ends up with an overpriced travel insurance cover type which is completely unnecessary. There are some tips on Travel Insurance
In this article, we are giving you 10 tips to save on your travel insurance cover. Here they are:
Choose The Right Type Of Coverage
The first thing that you need to save money on travel insurance is to choose the right type of coverage. There are mainly three major types of travel insurance. These are annual or multi-trip cover, single-trip cover, and backpacker or extended-trip cover. Apart from this, they are also classified by destinations as well. If you aren’t taking any trips outside Europe, then limit your cover to the European region only. This will make your travel insurance cheaper.
Combining Your Travel Insurance Coverage
If you are traveling in a group make sure to go for a combined travel insurance cover. This is way cheaper than getting insured individually. This is one nifty hack to save money on travel insurance.
Check If You Are Already Covered
Many times, you might already be covered under travel insurance which might have been part of a paid-for bank account or because of a premium credit card that you own. Make sure you recheck if you already are covered because you wouldn’t want to waste money by doubling up on it.
Leave High-Value Items At Home
Whenever we travel, we tend to overpack. Therefore, make it a point to leave all your high-value items such as gadgets, jewelry, and other things at home. This will help you pay less for covering your personal belongings in your travel insurance plan.
Getting A EHIC Card Can Help You Save A Lot
EHIC or a European Health Insurance Card comes completely free of cost and it will help you avail medical treatment in case of a medical emergency on the same terms as the locals in all European Economic Area (EEA) countries. This way you won’t need your travel insurance to cover your medical care and get a cheaper plan instead.
Buy Travel Insurance From Genuine Places
You can always get a good value for your money when you buy travel insurance from a genuine place. Buying them from local travel agents, tour operators, and airlines aren’t always very cheap.
Don’t Buy The Cheapest Travel Insurance Coverage
We know the intention here is for you to save money on travel insurance. However, going for the cheapest travel insurance cover available in the market will probably do you more harm than good. Weigh your pros and cons and get the one which is right for you instead.
Take Note Of Exemptions And Age Limit On Your Coverage
Always make sure you have taken note of the exemptions and age limit on the travel insurance that you are planning to buy. Let’s assume you have some sort of pre-existing medical condition. In that case, you need to declare that while getting travel insurance because some insurers might not cover certain conditions. This way you will save money by not investing in travel insurance that is not meant for you.
Check if Your Holiday Activities Are Also Covered
If you are an adventure junkie and like going for risky sports, then check if these activities are covered in your travel insurance plan. This way you won’t end up paying for minimal travel insurance cover which will be of no use and save money.
Research Well
Lastly, you need to be able to research well to save money on travel insurance. There are thousands of different types of travel insurance cover available these days. Choosing the right one for the right price is only possible if you spend some considerable amount of time researching it.
This brings us to the end of the top 10 tips to save money on travel insurance. Now, let us know what did you learn from this and how do you choose your travel insurance.
