We all know that not all travel insurance policies have the same features, benefits and prices. Some come with a more comprehensive coverage for a bit of added cost, less expensive doesn’t always mean better. If you’re planning a holiday, whether alone or with the family or the gang, here are handy tips to help you find the right travel insurance plan for everyone:
LEVEL OF COVER – This is clearly the very first item you want to be clear on. Are you covered for medical emergencies, trip cancellation and delays, for instance? Before you begin to compare different policies, make sure you’ve already listed down the features and benefits you want.
AGE FACTOR – Age has an influence on the cost of coverage. The older you are, the higher your premiums.
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MEDICAL CONDITION – Any medical conditions you have must be revealed fully to the insurer, despite this causing your premiums to rise a bit. Otherwise, your policy is going to be voided, prohibiting you from making any claims that may or may not have something to do with the medical condition in question.
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BAGGAGE LOSS OR THEFT LIMITS – You can get coverage for baggage theft or loss, but note that it is not necessarily full. There will often be a limit.
Certain possessions (for example, electrical equipment) will not be covered by travel insurance, but you can always have them included as an add-on.
TRIP CANCELLATION – Some plans provide compensation for holiday cancellation, but you have to ask how much exactly. If you’ll be on a cruise, which normally costs thousands, will you be covered by that much?
SINGLE-TRIP INSURANCE – As you might expect, single-trip insurance may not give enough protection if you’re going on a cruise. A plan that is specialized for cruises will be your best option. If you’ll be away for more than 30 days, whether you’re taking a cruise or not, you should still get specialist insurance.
SINGLE-TRIP OR ANNUAL – Unless you frequently travel in the course of a year, you should stick to single-trip coverage.
FAMILY INSURANCE – This type of policy sometimes does not cover stepchildren, so do check with the insurer.
TRAVEL ADVISORIES TO CERTAIN COUNTRIES – If you insist on traveling to a country which, for some reason, your government has officially advised the public to avoid, you may not be able to make a claim. If you’re unsure, make it a point to ask the insurer.
SPORTS COVERAGE – Standard travel insurance won’t cover you for sports, so if skiing is in the plan, for example, you’ll have to get a special policy for that.
Getting the right travel insurance coverage involves comparing different plans from different providers. This allows you to see the best one based on your needs and requirements.