Money and Finances

Guest Post: 6 Tips for Buying Travel Insurance

I don’t know much about travel insurance, but I recognize that it can be a great asset, so I hope this helps those of you also wanting to learn more about it. The following is a guest post from Angela B.

If you are going to travel to a new place, you should buy travel insurance that will give coverage to you and your family against any damages and accidents that may happen during the trip.

LuggageWhat is travel insurance?
When you buy travel insurance, the contract gives you coverage for any of the financial and medical losses that may occur during your trip. It gives you coverage on lost or delayed luggage, cancellation of the trip, delay of trip, accidents, and medical treatment during the trip. You will get back your money if your luggage gets lost, if you cancel the trip due to sudden illness, or if a terrorist attack happens in the place you were going to visit.

Tips for buying travel insurance
Use these tips when buying travel insurance:

1.    Research different insurance policies. There isn’t just one type of travel insurance, so do some research to make sure you’re buying the right kind. There are many flavors, such as single trip insurance, annual insurance, group travel insurance, student insurance, cruise insurance, trip cancellation insurance, or delay insurance.

2.    Determine your activities. Decide which activities you will do, such as skiing, bungee jumping, scuba diving, etc. This will help you figure out which policy you need, as some policies are geared toward those who do active or extreme sports and activities.

3.    Don’t go with the cheapest plan. Choose the company that provides you the best and greatest coverage. You should not go for the cheapest policy, because no company can give you maximum coverage with a minimum policy charge.

World Traveller
4.    Read the policy thoroughly. Before signing up for a policy, carefully read all the details and the terms and conditions. Find out what your policy does not cover; for example, you may not get coverage for any kind of sickness due to preexisting medical conditions. You may not even get coverage for any kind of accidents that may occur if you visit places prohibited by the policy. Pay close attention and ask questions so you don’t get surprised later.

5.    Get the details on the documents needed. In order to get a policy, you will have to submit various documents. Find out what is needed early on so you can be prepared. You will have to provide your passport and visa in addition to documents on your health standards. Some insurance companies may also ask for your past travel history.

6.     See if the insurance company is easily accessible. Try calling their number from various numbers at various times to ensure they are very available. After all, if you end up needing their help while traveling, it will likely be an emergency situation.

It is essential to buy insurance if you want protection and ultimate peace of mind while traveling. Accidents can happen any time, and it helps you in times of emergencies in an unfamiliar place.

Author bio: Angela B.’s expertise is in the travel insurance industry and writes articles for many travel insurance companies.

Creative Commons License photo credit: robef

Creative Commons License photo credit: nathanmac87

A generation 'y'er from Ireland, living his dreams and convincing you to do the same. Traveling through more than 90 countries around the world and showing no signs of slowing down