Choosing the right travel insurance can be difficult, because there are a lot of providers, each offering their own range of insurance packages. However, it can save you a lot of money if you take the time to research your options. It also will give you the peace of mind that if anything unexpected happens while you are on holiday, your travel insurance will cover the costs incurred.
Travel insurances have varying degrees of cover for dental and medical costs, personal liability, baggage, cancellation, legal costs, delay and so on. Choosing the right level of cover depends on your destination, the way you travel, your activities, your (family) needs, health and whether you book in advance or not.
So you need to ask yourself questions like:
- Will I travel light or will I be taking expensive items with me?
- What kind of activities will I do? Will it be a relaxing time at the beach or will I be scuba diving or bungee-jumping?
- Do I have special medical needs, who is travelling with me or do I have relatives that may become ill while I am away?
- Do I want to book accommodation and trips in advance? Should I consider cover for cancellation?
- What is the excess you need to pay on a claim? Some policies includes an excess waiver, but there is usually an extra charge for that.
Also take the amount of trips or holidays you expect to make during the year into consideration. Based on that information, you need to decide whether single trip insurance or a multi trip or annual insurance is the best option for you. The latter option is more expensive, but will save you money if you go on a trip a number of times per year. It also takes the hassle out of purchasing travel insurance for each separate trip.
If you are interested in an annual insurance, then it is essential what the limitations of the insurance are, since some companies limit the length of the trips to 3, 5 or 6 weeks. If you you on a trip that will last longer, you might not be insured with these insurance organisations.
Once you know what kind of coverage features and policy you need, you should start considering the costs and comparing your options.
An easy way to do this is using a travel insurance comparison website, which collects the information from various travel insurance companies and brings the different policies and related costs together in one place. You could also start shopping for travel insurance and contact various insurers and ask for information on their policies and the related costs to decide which one suit you best.
It is not compulsory to take travel insurance, but it gives peace of mind and can be a great help if your holiday or trip does not go the way you had planned in advance.