The Joys Of Traveling And The Importance Of Getting A Travel Insurance
Traveling is full of excitement and adventure, but if things go wrong, that adventure can turn into a stressful, expensive headache. Travel insurance can protect you from many unexpected expenses, like hospitalization in a foreign country or the loss of non-refundable hotels, airfare, or tour costs after a canceled trip.
But travel insurance isn’t all the same, and some insurance companies offer better value and a better experience than others. From customer service to the coverage that policies provide, you need to evaluate travel insurance options thoroughly, so that it can help you and your family find the policy that’s right for your trip.
Before figuring out what’s the best travel insurance for you, it’s important to get to a good understanding of what travel insurance covers — and what it doesn’t cover. Every policy is different, so it’s essential to read through the fine print. Generally speaking, travel insurance claims will be only paid out in situations that are specifically spelled out in the policy.
Another key point to understand is that travel insurance is not needed for many kinds of trips. If the biggest expense of your trip is a hotel stay, and that hotel allows you to cancel up until 24 hours of arrival without any financial penalty, then travel insurance is probably not necessary. What’s more, if your flight is canceled or significantly delayed because of a hurricane or any other reason, many airlines will typically allow you to cancel for a refund or change your itinerary with no fees — even if the flight was “nonrefundable,” even if you did not buy travel insurance.
But if you are traveling outside the country, and the trip is longer, more expensive, and includes many different fees that are nonrefundable if you have to cancel, the decision to purchase travel insurance increasingly makes more sense.
Important Things To Know About Travel Insurance:
- You may be able to add on travel insurance when you’re buying plane tickets, but this can be expensive. You’ll probably save money by buying travel insurance directly from a company.
2. Trip cancelation is a common travel insurance claim, but many policies won’t pay out for trips canceled for any reason whatsoever. Be sure to review the specifics of the policy you’re considering.
3. Frequent traveler? Consider purchasing annual travel insurance to save money and time.
4. If you have a pre-existing medical condition, verify whether it’s included in a policy’s medical insurance provisions. Most insurance companies require you to purchase additional coverage for pre-existing conditions.
For ranking the best travel insurance options, you need the following factors to evaluate and compare each insurance company where you will get your travel insurance:
Plans and Coverage
Travel insurance is only valuable if it covers the expenses that matter to you. You need to look for insurers that had a variety of plans, as well as the ability to customize the plans with upgrades.
Ease of Use
Shopping for travel insurance shouldn’t be difficult, so in evaluating these insurance options we need to consider both how easily you can request a quote and how easy the material is to understand. Most of these insurance companies either offer just a few plans to keep things simple or provide an easy-to-view comparison page where you can quickly spot differences in each plan.
Customer Service and Support
You need to look for responsive companies dedicated to providing great customer service. Factors like a 24–7 hotline, an established network of international resources, and programs to help with emergencies, like evacuation or stolen credit cards, are just some of the elements that indicate a company is well-prepared and responsive to customer needs.
You need to factor in a company’s reputation when ranking the best travel insurance options. You need to consider factors like customer feedback, years in business, and its ratings.
What You Need To Know About Travel Insurance
When buying travel insurance, attention to detail is key. Before you request a quote, you’ll need to know the details about your trip, such as how you’re traveling (flight, train, car, cruise ship, etc.), your destinations, how many people are traveling with you, and the value of the items you’re bringing. All of these factors can affect a plan’s cost.
As you review the different plans available, pay attention to the fine print. Basic plans generally cover medical expenses and qualifying trip cancelations, but possibly not much else. More extensive plans might provide things like luggage insurance, passport replacement, and more. Most plans do not cover pre-existing medical conditions, high-risk activities, or travel to high-risk destinations, so be sure to read the entire plan so that you know just what type of coverage you’re considering.
There are many ways to save money when buying travel insurance. If you’re traveling in a group, the entire group may be able to purchase a group policy at a lower rate than you’d pay for individual policies. If you’re traveling with kids, look for insurers that offer family policies. Some even provide insurance for kids for free when you pay for coverage for an adult. Your home insurance may extend its coverage to your personal belongings if you’re traveling within the country, so you may not need travel insurance that covers luggage and personal belongings.