A guide to buying and using travel insurance

Is Travel Insurance Really Necessary?

The trip is already quite expensive, isn't it? The cost of airfare, cruises, hotels, land transport, food and activities and entertainment is already quite high. I don't know about you, but I work hard for my money and when I travel, I want to keep as much of my money in my pocket as possible. Is travel insurance a necessity or a luxury? Why not cut some corners here and there. Why buy something if you don't really need it?

My personal answer is, of course, that I am not independently wealthy and cannot bear the potential financial losses it would incur if I seek medical care while traveling. Not being rich independently also means that I am in the market for adequate but cheap travel insurance. I suspect you are in the same position, so you, too, need very cheap travel insurance. If you're still not sure about this, consider the following.

Did you know that if you get sick or injured when traveling abroad, your medical plan may not cover all the costs you will incur? If the cost of treatment is higher than the maximum of your medical plan, you will be responsible for the difference, unless you have already purchased travel insurance. In fact, you cannot be admitted to hospitals in some countries without proof that you have medical or medical insurance.

This applies to everyone, regardless of age or time abroad. Let's say you got sick a few hours after arriving at your destination. Or suppose you take a day trip to another country and you get injured in a car accident. Or suppose one of your children is part of a group that visits abroad classically, gets food poisoning and requires hospitalization. In all cases, without adequate travel insurance, you will be responsible for the costs above and beyond the limitations of your existing medical plan.

Therefore, before you go abroad, you need to make sure that you are adequately covered by travel medical insurance that will not break your budget. You should check if there is already adequate coverage through your medical plan, employee benefits or even credit card. If the coverage is sufficient for your needs then you can enjoy your trip without incurring the extra cost of travel insurance. However, if you are unsure about your coverage or if your coverage is insufficient or non-existent, then your next step should be to research and purchase the travel insurance cover you need.

How much can you expect to pay?

When I bought my first airline ticket to China a few years ago, it costs about $ 2000 in return and my travel insurance costs over $ 500 because I didn't buy cheap travel insurance online.

A few years later, a little bigger and wiser, and my travel insurance for another trip to China cost me much less – about $ 300 for about the same coverage. The difference? Before buying my travel insurance for my second trip, I did some online shopping and got the coverage I needed at the right price. If I had bought my travel insurance for this last trip from my travel agent, it would have cost me about $ 600 for the trip and my plane tickets only cost $ 1,500! Not exactly the smart way to go.

How much will it cost you? Not as much money as it will cost you if you get sick or injured abroad and have no travel insurance! This is the obvious answer to the question.

In fact, how much travel expenses will depend on your age and the type of coverage you choose. Basic policies cost as little as $ 5.50 USD per $ 1000 coverage. On the other hand, you can expect a full coverage policy to cost you from 7 to 10% of your travel cost, depending on your age. The older you are, the more you pay. Regardless of the cost of the policy, however, it is sure to be much less than the cost of medical evacuation!

The good news is that you can easily, conveniently and quickly search for and find excellent but cheap travel insurance online and reduce costs by making an informed purchase. This is much better than getting what you have at the travel agency because you can choose from hundreds of travel insurance companies and policies and save a lot of money on the process. One place to start your search is at Travel Insurance Central, (http://www.travel-insurance-central.com)

What to consider when buying travel insurance

To help you with your research, here are some suggestions that will help you make an informed purchase.

1. Examine the worst case scenario. If you can afford the worst-case scenario, you may not need travel insurance or you may not need a comprehensive policy.

2. Ensure that the policy you are considering provides adequate medical / dental coverage, including medical evacuation coverage. only if you need medical care in a place where the best treatment is below the standards you are used to in your country. This can happen if you get sick in a developing country or even on a cruise ship.

3. Check your existing insurance policies for possible coverage. It makes no sense to pay more for what you already have in your homeowner or tenant policy, such as theft and damage coverage.

4. If you are a frequent traveler, you should consider the annual or annual travel insurance policy. Sometimes called multi-travel insurance policies. Whatever the name, these policies can be relatively inexpensive compared to a travel travel insurance policy.

5. Know what you're buying, so read the fine print. Make sure you understand what the company considers a legitimate reason for cancellation or termination. If the list is too restrictive, you may need to consider another policy.

6. Do not limit yourself to the market only by your travel agent. He / she will probably only have one company product available and is there for you, but this convenience can be quite expensive!

7. Ask a lot of questions about coverage. Play the game "what if". Ask for clear explanations of the terminology. Make sure you and the travel insurance company speak the same language.

8. Do not buy insurance through your transport service provider. If the airline goes bankrupt, how adequate will your insurance cover be?

Once you have purchased your travel insurance

Remember that your travel insurance policy covers specific dates so that you do not start your trip earlier or extend your trip without changing the coverage dates in your travel insurance policy. Of course, this can cost you extra, but it's cheaper to find without coverage when you need it most.

It is also almost self-evident that you need to bring your travel insurance with you when traveling abroad. You cannot consult the policy if you are in your home office. You should also carry your travel insurer's support phone number and other contact information with you wherever you go. It is not good for you to get sick or injured and the necessary policy information is in your room. It is also a good idea to bring your cards and information with you with regular medical coverage.

I hope these tips will help you get the best travel insurance for you. Then take your journey with the peace of mind that comes from knowing that you are insured by the right travel insurance policy at the right price. Nice trip!