Travel insurance is one area where the cheapest deals are not necessarily the best. In general, the world of travel insurance can be difficult to navigate. This is because more and more travelers are often left in a nightmare situation when buying the wrong policy.
Want to maximize your chances of travel insurance pay out with minimum hassle? Then choose your insurer and policy carefully and follow these tips!
Buy online, direct from the insurer
It’s well-known that travel agents and airlines get staggeringly large commissions from insurers for selling policies. However, most people still buy a policy from a travel agent because they trust the agent’s advice. This can be a costly mistake.
Read The Insurance Policies Carefully
Yes, of course, reading page after page of the fine print in insurance policies seem quite boring. But, do read the entire insurance policy booklet carefully before signing up, because travel policies are quite notorious for the endless exclusions and loopholes.
Choose Annual Coverage
If you travel three times or more in a year, it is more cost effective to get an annual policy that covers the entire year’s travel. This is because paying for the travel at one fee will likely cost you less than buying separate single trip policies. Do note that annual policies won’t always cover back papers on extended trips: they usually cover trips up to a maximum of 31 days.
Don’t Ignore Government Warnings
Some insurance companies will avoid paying claims by excluding coverage to countries whose governments has issued a travel warning. Very few travel insurance companies will actually cover you for travel to several countries while issuing a ‘do not travel’ ban to others. Hence, ensure you are aware of the government warnings.
Check For Exclusions
The insurers price their policies based on how things are likely to happen. For this reason, to keep policy prices low, there must be an exclusion of the things that are likely to happen. Some of the common things that insurers often exclude are severe weather conditions or natural disasters and acts of terrorism, war, civil commotion, etc.
Scheduled Airline Failure
If you tend to make your arrangements for a flight and accommodation, instead of booking a package, it’s important to include scheduled airline and end supplier failure coverage in your insurance. This protects you in case an airline shuts down after you have made your booking for a holiday.
If you are unhappy with how your travel insurer has handled your claim, you can follow the above tips which will offer some guidelines on the best deal in the market. Have additional questions, give Bob and Harriet Kipper a call at Kipper Insurance Agency (760)471-2200!