Compare Travel Insurance
You have just landed at the dream destination of your holiday, you are enjoying your self in this new place with best of the things and then suddenly things go kaput!!!!
How would you feel if your holiday is ruined by illness, an accident, lost luggage or robbery… Besides feeling helpless, you might want to cry your heart out saying "Oh God, why me"…
These worst nightmares can come true for anyone in a foreign land. Reasons like these are more than enough to dampen your holiday mood… This is where compare travel insurance comes in and saves you from being upset and troubled. You will definitely feel blessed when faced with few above mentioned unfortunate circumstances on your holidays if you have purchased travel insurance.
Who needs Travel Insurance?
Anyone and everyone who travel either for business or pleasure need travel insurance. From individuals on business trips to holidaymakers either couples or families or backpackers, everyone benefits from travel insurance. Depending upon the nature of your trip, you can avail of travel policies catered to cover your specific requirements.
The easiest way to purchase compare travel insurance is from your travel agent or tour operators, though there are various insurance companies that sell travel insurance directly to people. Due to increased competition, there are various innovations in travel insurance like free cover, low prices or big discounts. If you take a cover from an insurance company, do remember to give the travel agent the name of the insurer, while booking for holidays.
Scope / Coverage of Travel Insurance Policy
The scope of the compare travel insurance coverage varies with respect to nature of the trip undertaken though the simplest of travel insurance policy may cover the following to a certain extent –
Personal accident benefits
Medical, hospital cash benefit and its associated expenses
Loss of deposits and other charges incurred due to cancellation or curtailment of the holiday.
Loss / delay in arrival of baggage, personal effects like money and personal liability.
Legal expenses
Travel interruption / delay due to failure of tour organizer.
Lack of service or amenities
Loss of passport
Few things to keep in mind while applying for travel insurance policy -
Geographical limits vary from policy to policy, insurer to insurer.
Hence update your self with details of travel insurance coverage at your holiday destination.
Before you decide which policy and amount of coverage you require, keep in mind –
Your age and medical history
Your destination and length of stay
The type of activity you wish to undertake or participate, say for e.g. skiing, diving, bungee jumping, etc.
How many times do you desire to go on a holiday in a year
Types of Travel Insurance Policy
Taking out compare travel insurance ensures peace of mind in unfortunate circumstances as you are reimbursed for loss caused to you while traveling to a foreign destination.
It is quite a well known fact that compare travel insurance policies are not rigid. They differ from provider to provider and nature of trip embarked upon. Higher the premium, more comprehensive cover or low premium, less coverage does not always hold true… Sometimes, despite paying low premium, you might get the best coverage for your trip… While considering buying travel insurance policy, check for the most appropriate or closest type of policy and level of cover matching your trip.
There are different types of travel polices tailored to cover specific requirements. Let’s list down popular travel insurance types -
Single trip travel insurance is cover for just one holiday per year. If you as an individual or couple go on a holiday just once a year, buying single trip travel insurance makes sense.
Annual / multi trip travel insurance are for those who go on holidays for more than once a year. This annual or multi trip travel insurance is a cost effective arrangement as there are no limits on number of trips within a period of 12 months, provided each trip does not exceed a maximum number of consecutive days allowed.
Business travel insurance is essentially for people who travel abroad frequently for business purpose. An employer should take out business travel insurance, if it sends its employees regularly out of town / country on regular basis. The level of cover is more or less similar to single trip or annual trip.
Winter sports travel insurance is similar to single trip travel cover; winter sports travel coverage includes winter sports such as skiing, snowboarding, etc.
Family or group travel insurance workouts to more cost effective than single trip travel insurance as the premium is calculated on group basis with level of cover more or less similar to single trip, winter trip and annual multi trip.
Senior citizen travel insurance comes at cheaper rate providing for medical expenses, theft or loss making it similar to single trip, winter trip and annual multi trip.
Who knew that being older than an average traveler has perks
Backpackers travel insurance is ideally for students or independent travelers travel extensively on fixed budget. Students who take a year off from their studies or individuals with thirst to explore new places or take time out from business to broaden their horizons are best bets for backpackers travel insurance.
Above mentioned are few most popularly taken out travel insurance policies. If you plan out an unusual travel itinerary, find out whether there are any travel policies covering your kind of trip
Claiming Travel Insurance
What will you do if you have to make a travel insurance claim Making a claim could be complicated, daunting and even vice versa. Every insurance company has a standard procedure that has to be followed while making claims of any kinds. Keep in mind the following guidelines while making a claim -
While buying travel insurance if you are aware of any circumstances that may result in a claim, inform your insurer before hand.
Don't leave your travel insurance documentation at home. Take it with you on a holiday.
If there is any travel delay, cancellation from airline, ferry, railway, coach or tour operator, obtain a written confirmation.
Ensure you take all possible precautions for safeguarding your belongings.
If you are a victim of theft or misplaced or lost baggage, report it to the required authorities like police, airline, hotel, as soon as possible and obtain an official report of lodging a complaint.
Keep all receipts, accounts and documentary evidence as you will need them to make your claim. Any item with a value of as small as £10 or more must be supported with the original receipt.
In the event of death, medical expenses, accidental injury or illness likely to require hospitalization, repatriation or any alteration to travel plans, call the emergency helpline immediately.
Notify a claim, call or write to the claim handler as soon as possible. After you receive and fill the claim form, submit it to your insurer as soon as possible.
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