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January 08, 2023 Uncategorized 0 Comment

When going for an overseas trip, you may need travel insurance. Depending on the cover, it may cover several things, including delays, losses, evacuations, cancellations, medical insurance, and 24/7 assistance.

Here are several tips that you may need when looking for travel insurance:

1. Buy directly from the insurance company

If you have decided on a separate travel insurance policy that you want to take, go ahead and buy it from the insurance agent or online. Avoid buying from an airline, tour operators, or travel agents since it will cost you more.

2. Settle on the cover you need before making comparisons online

The great thing is to know the luggage you are going to carry. The recommended coverage covers medical expenses of up to $ 6 million when traveling worldwide and $ 2 million when traveling to Europe or America.

3. Be aware of the excess

This is the extra amount you will have to pay as the policy holder for the claim. For example, if you make a claim for $400 and the insurance pays $320, the excess will be $80 and you will be required to pay this amount from your savings. While looking for a policy, look out for those that charge one excess per claim rather than those that charge an excess “per benefit section”.

4. Check out what your home insurance and bank covers

Home policies normally insure your personal possessions when you’re away from home. If your home insurance cover has this coverage, you then don’t have to take a baggage cover and you can save money. If you have a credit card, it may have travel insurance. Check what it covers and only add what is required.

5. How many times are you going to travel this year?

If you are going to travel more than three times in a year, think about taking an annual policy for one fee since it will cost you less than buying separate policies for each trip. Note that an annual travel insurance cover normally covers trips for a maximum of 31 days and it doesn’t cover extended backpackers trips. 

6. US and Canada are not in the world and Morocco, Turkey and Egypt are in Europe.

If you are travelling to North Africa in countries such as Morocco and Egypt, you don’t need a worldwide policy. You should also note that some insurers exclude Canada and US from their worldwide policies.

7. Consider age and medical exclusions

Many insurers don’t provide travel insurance cover to people who are over the age of 65, especially for cheap policies. Standard policies of the majority of insurers don’t cover the pre-existing conditions. An example is if you have epilepsy and you suffer from a seizure when you are on holiday and you require medical treatment, this policy will not pay for it. When getting your insurance cover, ensure you tell your insurer about your medical conditions and answer any questions they ask you honestly.

8. Travel insurance excludes risky activities

If you are an adventurous type, note that majority of the policies exclude activities that can be termed as “risky”. These include scuba diving, horse riding, mountain climbing, or jet skiing. However, you can be insured in some activities such as skiing. Ask your insurer to give you a comprehensive winter sports cover.