You
have finally got your leave approved. Now you are all set for the trip you were
planning since ages. You are thinking about the places you will visit, the
hotels that offer best deals, the restaurants offering exquisite cuisine, the
list goes on and on. Hold on, you might
be forgetting an important thing that needs to be taken care of. That is travel
insurance. However, you might have already decided to go with the first one
that you came across. Before going ahead, have a look at these five tips that
will help you save on travel insurance:
Always buy travel insurance online
In
today’s digital age, you can almost buy everything online. Travel insurance is
no exception. Buying online will almost always help you save your hard earned
cash. Travel insurance providers offer
lucrative discounts and great benefits for their online buyers.
Selecting the right travel insurance cover
To
save on your travel insurance premium, it is vital to choose the right cover.
If you plan to travel to the same destination three or more times within a
year, it makes sense to check out an annual policy cover. It is likely that an
annual policy will cost you less than a single trip policy resulting in good
savings. Also, you should take into consideration the possibility of extension
for your trip. Some travel insurance providers may not offer policy extension
that might leave you high and dry in the aforementioned scenario. Another
factor you should consider is the travel destination. Travel insurance
providers offer good packages in terms of trips to Schengen, Asia and the world
(Ensure to check if US and Canada are part of the world travel plan or not).
Checking your home insurance coverage
Before
getting a travel insurance quote, it is always advisable to examine your home
insurance policy coverage to save your premium.
Generally, home insurance policy offers coverage for jewellery and other
valuables against events such as burglary and fire when you are away. It may also offer protection for things such
as electronic gadgets and other entertainment media. Depending on the nature of
coverage, you should choose an appropriate travel insurance cover for maximum
savings.
Medical Conditions and Travel Insurance
exceptions
Age-limit
is an important factor that needs to be evaluated while opting for a travel
insurance cover. Generally, insurance providers offer unique insurance packages
for senior citizens. Another important factor to consider is medical
exceptions. Generally speaking, most travel insurance providers won’t cover
existing medical conditions. For instance, if you suffer from asthma and
unfortunately have an attack on your trip. Sadly, your insurance provider won’t
cover you for the medical treatment that incurs. Thus, it is important to list
out and be honest about all your medical conditions to your insurance provider.
This will ensure that there are no hassles when it comes to settlement of
claims down the road.
Getting an EHIC Card
A
grand holiday to Europe on the cards? There is something on offer that will
sweeten the deal. It is called as ‘EHIC’
card. It stands for European Health Insurance Card. When you avail an EHIC
card, you are entitled to access public healthcare services of the visiting
country, either free, or at a reduced cost. That said, the degree of benefits
and conditions may vary across countries and can tend to change over time.
Thus, please ensure that you have the latest information with you in this regard.
So,
these were some tips that you will help you save your travel insurance premium and enjoy your trip even more. Have a safe journey!
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