Travel Insurance is generally not foremost in your mind. That is, until you begin planning your vacation. Then all the ads you see for travel insurance suddenly take on meaning. Almost immediately the idea of finding the right kind of travel insurance becomes important.
Here are 5 tips to think about:
1. The cost of a travel insurance policy could be more than you actually pay.
As you search for the best policy, don't let price be the foremost consideration. Needless to say, you're going to want the best price you can get. As we know, though, the adage is true - you only get what you pay for.
Getting the most comprehensive coverage for your situation is what is truly important. Consequently, settling for the cheapest policy may not be the wise thing to do. That's not to say that you can't negotiate a reasonable price for the kind of policy coverage that you need.
Should you be faced with an uncovered loss while traveling, then you could be faced with paying for that loss yourself, when a little extra cost for your insurance premium may have covered it.
2. What do you do in an emergency?
Make sure that the travel insurance company you're dealing with can give you a full list of phone numbers to call 24/7. The phone numbers should either be toll-free or, at the very least, accept collect calls. You don't want to be in an emergency situation only to find out that the phone lines are only answered from 9 to 5 and only on Monday to Friday.
3. What coverage is available in a standard policy?
Some companies will quote a very low rate, then charge separately for each additional item that may be standard with other policies. Be sure that you are always considering the same items when you compare insurance policies. Each insurance company, or broker, should offer suggestions for coverage and may touch upon risks you hadn't considered.
4. Find out who provides support for the insurance company.
In most cases, insurance companies have formed a relationship with certain service providers. Make sure you're informed about who would be providing services for medical emergencies or evacuation, if required. Be sure you know the proper procedures for requesting emergency support.
5. Does the insurance company you're researching allow for special needs or requirements?
Try to stay away from insurance companies that offer a one-size-fits-all standard policy. It could mean you're paying for some coverage that you don't need. Of, you may be missing some coverage that you do need. Try to find a company that offers a wide range of coverage and can specialize it for such things as backpacker insurance, long stay coverage, annual travel insurance coverage, specific country coverage and more.
Make sure you've got all the information you need about Travel Medical Insurance before choosing the policy that's right for you.
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