Travel Insurance Tips

It is not uncommon for people to over insure themselves, and worse under insure themselves. Here are some useful tips.

- Offering travel insurance on the internet lowers a company's overheads, which they should very often translate into cuts in the cost of the product.

- Don't just compare the prices of travel insurance products, compare also the benefits of the cover, the exclusions on the cover and other product features

- Sometimes, it's useful to have a 'cooling off' period, in which you are able to decide whether or not the policy really meets your needs. If it doesn't you can cancel your policy for a full refund. Check for these.

- Should you be planning to travel abroad on more than a single occasion in a year then you may be able to save money by buying an annual multi-trip travel insurance policy rather than an individual trip policy.

- Sometimes your travel agent or tour operator may tell you that you have to buy their travel insurance in order to buy a holiday from them, maybe as part of an inclusive deal. Only take this if the total cost is rewarding, compared to buying the holiday and travel insurance separately. It is not obligatory.

- Do not count on regular, standard insurance should you be planning to undertake extreme or dangerous sports on your trip. You need to arrange suitable cover.

- Likewise, if you are not planning to undertake dangerous sports then don't buy cover for them, as you are paying for something that you don't need.

- Make sure you have the international helpline number for your travel insurance company, along with a copy of your policy, with you all the time.

- Your insurer needs to be aware of any medical conditions that you have, or you may not be covered by the policy you purchase.

- Your car insurance company needs to know if you will be driving abroad, in order to advise you on the most adequate cover to take out.

- Take the time to read the small print on your travel insurance policy. If you have any questions on it, ask your provider about them before you go.

- Book travel insurance directly after booking your holiday, so you will be covered for cancellation. Make sure you know the insurer's terms for cancellation though.

- Don't re-arrange flights should you need to cut a trip short before getting your travel insurer's approval.

- You may be able to lower your premiums by purchasing join cover if you are travelling as a couple.

© AskFinancially.com 2008

Travel Insurance

Insurance & Loans

Copyright

Travel Insurance Tips

© AskFinancially.com 2008

Travel Insurance

Insurance & Loans

Copyright