Travel insurance policies can be complicated, particularly if it’s your first time purchasing them. There are numerous guidelines to read and understand, and determining what you need to insure for your travel can be overwhelming. To help you get the best cover, here are four things to watch out for when buying best value travel insurance.
Providers structure travel insurance around risk mitigation. This means they only cover you to the extent that doesn’t compromise their business (profits and gains). So, it’s normal to find insurers restricting coverage in certain situations like extreme sports and losses incurred due to intoxication.
Hence, when buying travel insurance, identify the exclusions stated in the fine print and whether you can buy an additional policy to cover them.
Travel insurance exceptions are circumstances in which your insurer doesn’t cover all the expenses incurred as a result of a particular emergency or accident. For instance, while your insurer might cover a medical evacuation, they may not cover the actual treatment of your injuries.
So, it’s vital to examine the exceptions listed in your policy to learn about hidden additional costs.
3. Destinations covered
If you’re visiting more than one country, be sure to check that your policy covers every place you intend to visit. Travel insurers tend to avoid covering certain countries, especially if they’re known for having a high crime rate, to mitigate risks.
4. Duration of your trip
This might sound simple, but if you miscalculate your trip and are away for more days than your policy covers, it automatically becomes invalid. Therefore, if you lose any luggage or fall ill on the additional days, don’t expect to be reimbursed.
Calculate the days you’ll be away as accurately as possible, factoring in time zones and delays to ensure that you’re covered throughout your trip.
Travel insurance policies can be hard to decipher, but with these tips, you can ensure you get the coverage you need. Similarly, you can get the right cover by comparing policies and quotes from different providers.
Use Compare Insurance today to compare travel insurance products from top brands.