Basics of Travel Insurance
Travel Insurance
Travel Insurance Coverage
Long Term Travel Insurance
Travel Insurance Companies
Best Travel Insurance
International Travel Insurance

Insurance Types
Travel Insurance Types
Backpacking Travel Insurance
Student Travel Insurance
Post Office Travel Insurance
Business Travel Insurance
Family Travel Insurance
Annual Travel Insurance
Ski Insurance
Single Trip Travel Insurance
Flight Travel Insurance
Trip Cancellation
Boat Travel Insurance
Airline Travel Insurance

Travel Insurance Tips
Cheap Travel Insurance
Travel Insurance Quotes
Over 65 Travel Insurance
Adventure Travel Insurance
Travel Student Insurance
Travel Medical Insurance
Cruise Trip Insurance
Senior Travel Insurance
Group Insurance

Free Newsletter

Stay updated, sign up for our free newsletter to receive useful tips

Full Name
Email Id

sign up

Travel Insurance Best Deals

Rate this Article
  Excellent

  Good

  Average

  Bad

  Terrible

rate

Current Rating
Beware of Agents
A survey conducted by Mintel (a market research and consumer group) reveals that agents' commission for travel insurance deal can go up to 40%. Despite this many people still buy through travel agents. Travel agents can be held liable for your losses if the insurance options are not properly explained to you. You have a right to know the risks and covers.
Early Bird Offer
The earlier you purchase the travel insurance policy the additional benefits you may get:
  • Trip cancellation or interruption insurance includes the cover for financial default of carrier (if your airline or tour operator goes out of business)
  • Pre-existing medical conditions (if you or an immediate family member has a known health problem) are included in the cover.
  • Flight insurance (crash coverage) is an additional cover given
  • Excess/deductible is waived
Excess Charges/Deductible
You may have to pay upfront as part of your claim. It may be quite a sum in some cases. Most medical expenses/medical evacuation policies include a deductible. Look around on the internet for some good sites and read reports of financial/advisory services to get your best price.
Co-Insurance and Co-Payment
Even after paying a deductible some insurance policies pay only a percentage (80% or 75%) of the medical expenses. You are responsible for the remaining percentages (20% to 25%). The best is to look for payment to the policy maximums.
Ratings of Insurance Company
Buy policies from major players and reputed firms. Some government sites give you names of companies that are reputed and are safe investments. Also other private financial institutions like 'Standard and Poor's', 'AM Best' etc. give assessment of financial credibility and security of insurance companies. Look at their sites to learn more of the company like its license (you cannot find legal redress if your company rejects your claim in some states) and rating (rating below B or B- is not a secure option).

Read the policy statement and the cover that is offered. Also be aware of the various inclusions and exclusions and that will help you in getting the best available cover at a low premium.

Bookmark this page Email this to your Friend Add this page to del.icio.us

Recommended Sites



Suggest an Article

Haven´t found the article you are looking for, please suggest your article. We value all your suggestions and comments.

submit