The Different Travel Insurance Packages and Choices
There is no one-size-fits-all travel insurance product. Finding the best travel insurance package for you depends on your needs as well as your budget. The more coverage you need for your insurance policy, the more expensive it gets.
To start, you would normally need protection for lost baggage or luggage, medical fees for injuries or repatriation in case of death abroad. If you think you need additional coverage during your trip, ask your travel insurance company about the best way to maximise coverage according to your budget.
No matter what kind of travel insurance package you get, make sure you take note of the following considerations to help you with your buying decision.
#1 Review Your Other Insurance Policies
You might have other insurance like a health plan that covers some of the health-related incidents that may happen to you during your trip. If you could opt out of this coverage in your travel insurance policy and save, do so and save yourself some money. You don’t need multiple policies because hospitals can only claim from one insurance company per bill.
#2 Check the Travel Insurance Company’s Global Affiliates
Check if the company is connected to affiliates abroad so that you can easily get help you in case you find in a travel emergency outside the country. A local representative in the country you are in can be a great help to attend to your needs better.
#3 Self-assess Your Eligibility
Ensure that you are eligible for travel insurance. Age, type of travel and period of travel all play a part.
#4 Read through fine print
Check for exclusions or the incidents that your insurance company may not cover any possible untoward incident that may happen to you while out of the country. See which activities are not covered by the policy as well as incidents, such as natural death or suicide, that will not be covered in the event that they occur during travel.
#5 Keep the Company’s Emergency Assistance Details
Find out how you can contact your insurance company via phone, e-mail, fax, or any other means of communication so that you can contact the insurance company easily in the event of an emergency.
Our comparison table is one easy way to compare travel insurances.