Traveling is a wonderful activity, enjoyed by many. However, things can happen that make it frustrating at times. Getting the best travel insurance quote can help you get protection at a reasonable rate so you can relax and enjoy your holiday, knowing you are covered.
There are so many options available that it can sometimes get confusing as to what you need and can afford. Following a few tips will help you make wise choices to get all you need without paying more than you have to and without having coverage you may not even need. Some of these tips are:
- Determine what you need
- Comparison shop
- Consider the excess and exclusions
- Get a European Health Insurance Card if you plan to travel to Europe
Determine What You Need
Investigate any homeowners or auto insurance you currently have and determine if you have coverage through them. Also, consider exactly what you need. If you schedule your own trips, you might consider cancellation coverage for cancelled flights and such.
If you travel more than three times a year, consider getting an annual policy instead of a per-trip one. The cost should be a bit less with this plan than with the per-trip plan. Look closely at your needs and decide accordingly.
Compare rates before deciding on any one company. This is easily done by shopping online and comparing different companies. Don’t buy from a travel agent or other such source, as you will for sure pay a higher price. Do your own work and buy the best bargain you find. Don’t judge just on price alone, but consider all the factors such as coverage, excess, etc.
Consider the Excess and Exclusions
The excess is the amount you will have to pay after insurance pays a claim. Having a high excess makes the policy price less, but it may not be to your advantage if you have to pay a huge excess. Weigh costs and needs before deciding. If you can afford the high excess, you will get by cheaper. But, if it will be a financial burden to you then the lesser excess is best.
Consider what is covered and what is excluded. Some insurance companies that sell worldwide coverage exclude the United States and Canada. Read the fine print and know exactly what is covered.
Most companies exclude dangerous or adventurous activities. Some of these companies consider horseback riding as dangerous. Be sure what is covered and make sure you will be covered for all your needs. Some companies exclude those over age 65 and any pre-existing conditions. Be very careful and consider what you might need and make sure it is going to be covered.
Consider the EHIC
If you are planning to travel in Europe you will want to consider getting a European Health Insurance Card. This is state insurance that provides services for a very reduced rate or possibly even for free. Many insurance companies will waive the excess if you use an EHIC card for any medical services.