If you are thinking about a travel insurance, then you are way ahead of thousands of travelers who think that it is a convenience rather than a necessity. You understand about the so many things that could go wrong when you travel and you realize the need to have a good buffer to shield you from the financial losses as well as the inconveniences you may run into during your travels.
The problem, however, is that there are so many providers all screaming at you to consider their options. As a smart traveler, your desire should be to get the very best deals that will cater for all your needs but without breaking the bank. Here are some of the top secrets you can use to find very good travel insurance deals –
Avoid tour operators, airlines and travel agents
The first secrets towards getting great deals for travel insurance is to avoid the tour operators, travel agents, and the airlines. Most of them will try to entice you with it as part of their super deals, but the truth is that their options are never great as they may want them to sound. In most cases, they are not specialists in matters in insurance, and all they are interested in is getting your money. Wait until things go south and you call, but no one will be coming to your rescue.
Know the specific covers you need before embarking on the search
It is difficult to know what a great travel insurance deal is if you have no idea of what you are looking for. To know the kind of cover you need, do an evaluation of what you will need to be insured during your trip then begin searching for deals. If you just dive in blind, you will be bombarded with deals which might appear pleasing on paper, but when you check them deeply, you find that they are completely useless.
Be cautious of the excesses
The excesses are the amount of money you will have to pay for every claim you make. For example, if your claim is $700 and the excesses are $200, then the insurance company will pay you $500. What many people don’t realize is that the excesses may be higher, in which the policy will become relatively cheaper, but it may not be appropriate to have them as such. Besides, there are certain insurance companies that will charge excesses per benefit section, to imply that every item will have an excess when the ideal case should be that there should be just one excess for every claim.
Check what your bank or home insurance policy covers
With a home insurance policy, you can have insurance for certain personal possessions when you are away from your home and it is in order to know what is covered under such so that you avoid getting double insurance and also save money in the cost of the travel policy. Additionally, your bank or credit card company may offer travel insurance, but you need to check is such provisions are sufficient to take care of your travel insurance needs. They may indicate that they offer free insurance, but this can be very basic, and primarily useless as far as your trip is concerned.
If you travel more than thrice per year, go for an annual cover
If you were going to renew my passport services for a trip just once or twice a year, then a single cover would be just fine. However, if you know you will be making more than three trips per year, then it is highly recommended that you opt for an annual cover. In this manner, you have higher chances of not just getting great deals, but also finding them at more affordable rates. However, you must remember that if you are going to renew my passport then go for backpacking, then annual covers may not be ideals since they won’t cover you for prolonged periods of time. They will only cover trips of up to 31 days.
If you are in Europe, don’t buy policies for North Africa
With most of the travel insurance deals, North African countries such as Egypt, Morocco, Algeria, and Libya are always considered as part of Europe and so you will not need to have a worldwide policy if they were your travel destination. On the same note, most European travel insurance never includes Canada and the United States, and this is another fact you may want to have in mind when searching for the deals.
Check out medical exclusions and age limits
Most of the policies you will come across, especially the cheap ones, will decline to insure persons above the age of 65 years irrespective of how fit and healthy they may be. Again, the standards policies provided by most providers will exclude pre-existing medical conditions. For example, if you are asthmatic and you get an attack during your trip, most of the standard policies will not pay for your treatment. You should thus be very clear with your insurer and tell them about any pre-existing conditions you may have. There are others who will agree to offer cover for certain conditions at a small extra charge, but this can only happen if you are open with them and tell them the truth. It is good for your own convenience.
Scheduled airline failure cover for solo travelers
If you intend to make your own accommodation and flight arrangements, instead of going for an entire booking package, then it is highly recommended that your travel insurance should take into account scheduled airline as well as end-supplier failure cover. You need this so that you will be covered if the airline, the ferry firm or the villa company bust once you have made your booking. This is of vital importance and it is important to remember that even some of the five-star policies will never offer cover for airline failures. Therefore, don’t let yourself exposed when you can always get the necessary covers you need for a pleasant trip.