Your trip may sure cost a lot already, and you’d also want an insurance – one that’s not going to leave a hole in your pockets. We’ve written this article to give you the best pieces of advice on how to get affordable travel insurance that shows quality, too.
Don’t get it from an airline or a travel agent
Normally, when you choose to go on holiday, you book it together with your flight and with the insurance. It might seem easy but sure is expensive.
Both airlines and travel agents will add commissions, besides the price of the policies that they sell. This means that you’ll pay more for the insurance that you have to. It is about three times more expensive if you get it from an airline. If you settle for a travel agent, you’ll pay two and a half times more. That doesn’t sound good.
It’s best if you’d get your insurance directly from the travel insurer. You’ll do it online, and you can even compare the policies. If you go to the source, you’ll pay the fair price, hence saving you money.
Levels of coverage: choose the one you need
There are three levels of insurances: basic, medium and comprehensive.
The benefits depend on what you choose, and this means that the price will go up from the basic one to the comprehensive one. So ask yourself which one suits you best.
Think about what’s the reasons why you need cover. Some of them are for overseas medical expenses, some for trip cancellation, some are just for the primary, essential things. They depend on the travel plan. For instance, if you think about renting a car, then you might need rental vehicle insurance.
It’s good to also keep in mind your budget
Money is significant when you choose travel insurance. You need to know from the very start how much you can afford to pay for it. But at the same time, the level of the cover needs to be the one you chose because you are comfortable with it. Some need the whole deal; others are comfortable with just the basic coverage. Keep in mind that you’re taking some risks when going for the basic one.
Stay away from the options that you don’t need
Sometimes, the cover that you want is not always standard. This means that you might have to include some additional things to cover your policy. For instance, you might go for the adventure sports cover, or for the winter sports cover. Or maybe you’re thinking about getting the high-value personal items cover. Or simply the budget travel insurance – fast cover
In any case, ensure that you need them for your holiday before actually getting them.
You should know every detail of your destination
The place where you decide to go. It’s important: it shows how your vacation will be, and it also has a big impact on the cost of the cover. From the very start, based on the location you go, you’ll see how much money you need to spend and the level of the cover that you need.
Let’s take the U.S as an example. If you’re planning your trip there, you need a policy that will cover limitless overseas medical expenses, as they’ll help you to pay for a possible treatment (let’s not forget the fact that the country’s health system is expensive). Also, you need to keep in mind that not all the countries require the same high level of cover.
You’ll also have to think about the way that your insurer will cover your destination – that can impact your holiday, too. Some of the companies will ask you to choose the region where you’ll be staying for the trip, while others will ask you to write the furthest region away from home that you decided to visit. This means that, if you’re spending most of your time in a place that’s closer to home, you can find cheaper cover given by some companies.
How about a multi-trip policy?
If you love to travel and you’re doing it often, you should think about getting a multi-trip policy, especially if your trips are overseas. If you buy a policy every time you travel, you’ll pay a lot of money, in comparison with a multi-trip policy. So maybe getting an annual multi-trip policy is not such a bad idea. It will cover all your trips from a year. You’ll see that it feels good to enjoy the savings from the total cost of travel insurance in that specific year.
Save some money by combining the policies
If you’re traveling with your family or with a close friend, the overall cost of every policy that was bought separately will be considerable. But, if you choose to combine your cover under only one policy, you will save some money. Just make sure you’re both happy with the level of coverage.
When you’re going on holiday is crucial to have a travel insurance policy, but this doesn’t mean that you need to get broke to have a decent one. You need to follow clear steps and keep in mind some useful tips when it comes to finding the policy that suits you best.