5 Tips to Choose the Best Travel Insurance

Holidays are meant to unwind and rejuvenate. But, while you travel you are also concerned about your safety and want to be secured against unforeseen incidents. The challenges that can occur while you travel are loss of baggage, valuables, passport, cancellation of flights and medical expenses. While you choose the best travel insurance plan you have to keep in mind certain points so that you have a carefree holiday. Here are some pointers to help you choose the best travel insurance plan. Travel safely and have a secure holiday by choosing the best travel insurance plan this vacation.

Follow These Tips to Choose The Best Travel Insurance

Compare and Choose

Compare the benefits and advantages that your travel insurance plan is offering you. When you opt for the best travel insurance plan it is advisable to go beyond the cost of the plan to understand the benefits that your insurance company is providing. Visit a couple of websites of different companies to compare their respective offerings. Ask your insurance provider what are the additional covers that it offers. Maybe you can take an additional cover based on your peculiar needs.

Exclusions

The exclusions will tell you what will not be covered in your travel insurance policy. Discuss with your travel insurance provider what the exclusions are so that you have no unrealistic expectations when you go for a claim.

Destination

The sum assured or the size of the cover depends considerably on the destination you are set to visit. The sum assured will depend on which country you plan to travel and how expensive are the healthcare expenses there? Based on this information decide your travel insurance policy. Generally, premiums are high where the healthcare costs are high. Healthcare costs are higher in countries like USA, Canada, France and Germany as compared to South East Asian countries.

Claim Settlement Process

The best travel insurance provider will be the one which has an efficient claim settlement process. You have to know the claim settlement process of your insurer and keep their toll-free helpline number handy while you travel. It is advisable to get your insurance from a company which handles the claim settlement process in-house so you have a hassle free experience.

Holiday Plans

Are you planning an adventurous trip like trekking in difficult terrains, going for skiing, kayaking or other water sports? A basic travel insurance policy will not cover the risks involved in these activities. So the best travel insurance policy for you will include a special coverage with an additional cost.

Travelling is exciting but don’t let any kind of untoward incident mar it and leave you unenthused. Whenever you set to go on a holiday, be sure that you choose an apt and best travel insurance policy to have a perfect holiday. 

Travel insurance 5 myth vs real!!!

Travel Insurance: An Imperative for Each Traveler

You are excited about going on a holiday and you’ve made all necessary arrangements. Your friend suggests, “Surely buy the best travel insurance policy, just in case you face challenges while you travel”. You retort, “What can happen to me while I am travelling? I don’t think I need a travel insurance at all”. He explains to you why you need to invest in the best travel insurance policy and debunks the myths you have about travel insurance.

Myth One: What Can Happen to Me?

You’ve travelled a couple of times and you’ve never faced any problem while you travelled. But, unforeseen events obviously don’t come with prior signals. Anything can happen while you travel. You can lose your baggage, your flight may get cancelled or delayed and you can get stranded at the airport for a day. A travel insurance policy will take care of any of these minor or major challenges.

Myth Two: Why Spend an Additional Amount as I Have Other Covers?

You might also feel you are already covered through health insurance, homeowners insurance or credit cards. Actually, they might not fully cover you in case of emergency while travelling, nor do they reimburse the travel costs if unfortunately you have to cancel your trip. These type of insurances might not come to your rescue when you need help while travelling abroad.

Myth Three: I Don’t Go on Adventure Trips, So Why Do I Need the Best Travel Insurance?

Well, it’s true that adventurous travellers are typically exposed to higher risks and emergency situations. But, even if you don’t plan to get bold and adventurous this holiday, it’s possible you might face minor bumps and major derailment in your plans. These events could create a dent in your pocket and leave you totally messed up in a situation you have never dreamt of. Thus, it’s a myth that travel insurance is only for people who want to challenge their limits and set on adventurous trips.

Myth Four: I am Not Travelling Abroad, So Why Buy Travel Insurance?

It isn’t necessary that travel insurance is needed only if you travel abroad. Even while you plan on a domestic holiday, travel insurance comes handy. Most of the challenges that you face while you set on a domestic trip are quite similar to ones you might face while you are on an international trip.

Myth Five: I Can Take Care of Medical Expenses Out of my pocket

If you fall sick on a trip and have to bear the medical costs by yourself, they can be considerably high. The best travel insurance is the one which covers you for medical costs that you might incur during the holiday; it may be an accident or illness.

Policies of various companies differ, but on a broad spectrum they cover hospital treatment and emergency repatriation.

It is imperative for a traveller to invest in the best travel insurance instead of repenting later in the advent of an emergency. Leave your comments and let us know what more you would like to know about travel insurance. Be aware, travel safe!