12 Important Tips When Buying Travel Insurance - Ratinah

Buying Travel Insurance - While it may not be the most glamorous topic in the world, travel insurance is still an important part of the vacation process. And unlike the process of asking 'which hotel should I stay in?', getting the right travel insurance can be both confusing and frustrating!

12 Important Tips When Buying Travel Insurance - Ratinah

And a common question I always get asked is whether I think travel insurance is worth buying. Given my line of work, it was inevitable that my answer would be 'yes' but the reason wasn't just because of the extra money I would receive! It's true that most people go on vacation, have a memorable time and come back with no bad consequences, but a small percentage of people will experience an unexpected hospitalization or find that their flight is cancelled.

And believe me, in such cases, trying to get help without travel insurance is not only expensive, but also very stressful. Indeed, the best benefit of travel insurance is the peace of mind it provides policyholders. Vacations are supposed to be about relaxation (or maybe turning your skin into a lobster from a recent case study!) and how can you relax when you're constantly on the lookout for illness or injury? I'm sure even if you could relax before reading this, you would be worried by now! So without further ado:

1. Don't leave your travel insurance until the last minute

Okay, people don't like to spend money – especially immediately after throwing a lot of money on an expensive vacation, but not getting your travel insurance done right away can be a big mistake because you miss out on one of the key aspects – cancellation cover. While you may think that you can't possibly cancel it, life is full of the unexpected, and we deal with people canceling their vacations due to family emergencies every day.

As your vacation draws near, the chances of you needing to cancel are greatly reduced, so you're literally missing out on some of your insurance benefits if you don't finish it well and early.

2. Don't settle for a single trip cover if you are going on vacation more than once

Regarding single trip cover, is that really what you need? According to a 2004 study by Alliance & Leicester, 2/3 of people plan to take two or more vacations a year. If you're the majority here, then single travel insurance won't be the best-priced option (unless you have a very good value insurance provider) and worth considering multi-trip or annual.

3. Your own E111 health card will be charged for medical coverage

Don't think that just because you have a European E111 health card you'll be covered for free – that's just a myth. You do need the card to show the hospital in case of an emergency, but you will be charged by the country's private health care system. Make sure your travel insurance covers illness and injury!

4. Be honest about any medical conditions you have

On the same note, make sure you tell your insurance company about all your medical conditions even if they seem irrelevant – too much information is a good thing in this case, as not providing details can later invalidate any claims you need to make.

5. Get the right policy for your vacation

Just like how there are different holidays for different tastes, there are different policies for different people. If you want to go backpacking, skiing or mountain climbing, you should keep track of the specific policies for these activities to ensure you are covered in the event of an accident.

6. Buy for family and save

As I've mentioned, there are different types of insurance for different coverages – generally, companies offer single, multi-trip, annual, and family travel insurance policies. Predict how much you expect to be abroad and buy accordingly. If you're in a family, then it makes sense that family insurance is a good option – and some policies include insurance for children under 18 for free!

7. Know exactly what you are protecting

Cheap travel insurance may seem like a bargain – and there are many legitimate companies that offer cheap travel insurance out there – but make sure you follow a policy with a good comb to ensure you don't miss out on major coverages, such as cancellation and theft. As a rule of thumb, if something seems too good to be true, it probably is!

8. Check for excesses on the policy

In fact, it's a good idea to go through any travel insurance policy with a good dental comb – cheap or otherwise. Excess on different policies can make a big difference, and it's a good idea to find a policy with less or no excess in an area that you think you're most likely to claim!

9. If you are under the influence, then you will not be covered

Sounds obvious, but we often get claims like this, so I'd better cover it up: No travel insurance company will pay for every accident that occurs while the policyholder is under the influence of alcohol or drugs – policies aren't around to allow you to behave more frivolous than usual!

10. Look for companies that protect against acts of terrorism for peace of mind

In today's climate, insurance against acts of terrorism is something we've found people calling for, and unfortunately, most companies don't offer it as a default with their policies. However, if I'm allowed to pause for a moment, it's something we at Insuremore include in our travel insurance plans for extra peace of mind. If that's something that worries you, it's a good idea to make sure it's part of your policy.

11. The amount of protection

The buyers of this travel insurance premium must also examine in detail what is covered. Do not buy insurance premiums that are the same as the premiums you already have. For example, it is enough to buy travel insurance which will cover only the loss of goods because you already have life insurance before.

12. Protection time

You can choose travel insurance according to the length of time you travel. This travel insurance will sometimes only cover the risk during the trip. For example, it is adjusted to the date printed on the return and return ticket.

That's 12 Important Tips When Buying Travel Insurance - Ratinah

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