7 Things You Need To Know About Travel Insurance
Even experienced travelers can find travel insurance confusing. What exactly does it cover? These are 7 important things you need to know about travel insurance:
Important Things To Know About Travel Insurance
Coverage varies greatly from company to company. The same company can even offer multiple policy types. Travel insurance can provide coverage for a variety of situations. Specifically, it can cover the following:
- Cancellation & Amendment fees
- Emergency Medical and/or Dental -International only
- Lost Baggage
- Delayed Luggage
- 24/7 Emergency assistance
- Travel service provider insolvency
- Travel Delay
- Business Travel
- Personal liability
- Cruise cover
- Adventure Activities Cover
- Snow cover
- Motorcycle cover
- Car Rental excess
- Additional expense cover
Most policies will be sold, covering a combination of any or all of the above. Like car and house insurance, travel insurance companies work out the cost of their policies based on an assessment of risk. This means they consider the cost of claims along with a healthy profit margin for taking that risk. More coverage means more financial risk which increases the cost to the consumer.
If you need to save money, a budget policy should cover the basics like cancellation and emergency medical/dental. However, it is essential to carefully review the coverage limits for cancellation and medical expenses. Additionally, ensure that the coverage aligns with the amount you have spent on the trip and the potential cost of medical services at your destination.
If you can afford it, a comprehensive policy will cost more but it will cover things you didn’t even know you needed until you need it. For example, if you were to be hospitalized for an extended time, a basic policy is not likely to cover the cost of a loved one to travel to be with you.
The comprehensive policies we offer at WorldLee Journeys cover this, along with travel delays if your flight is canceled or postponed, delayed luggage, cruise cover, and much more.
If you find yourself unable to afford any travel insurance at all, it is advisable to postpone your overseas travel until you can afford at least basic coverage.
3. Emergency medical or dental
Domestic travel insurance does not cover emergency medical or dental. This cover is provided on international travel policies only.
If you are cruising overnight, check to make sure your policy covers cruising. Many require payment of an extra fee.
5. Renting Car
If you are renting a car, taking comprehensive travel insurance through WorldLee Journeys covers most rental car excesses. Always check the excess amount of your rental but 9 times out of 10 you’ll be able to say no to the extra daily $20-40 insurance fee the car rental company wants to charge you to reduce the excess on the rental. This will save you lots of $$$.
6. Travel delay
If you are traveling with an airline known for canceling flights last minute like one starting with J and ending with r, pay extra for your insurance to make sure your policy includes travel delay. If the delay exceeds 6 hours, the travel insurance policy will provide coverage for a wide range of expenses. This includes provisions for food and accommodation near the airport if required, while you wait.
7. Customer service
Check what customer service options are available when
a) You are in an emergency
b) You need to make a claim.
If the customer service provided is email on, run a mile. They need to provide a number that can be called 24/7.
If you have managed to secure travel insurance, that’s great. However, it is important to also read reviews to gauge how helpful their service has been in actual emergency situations or when filing a claim.
Know About Travel Insurance Tips
We hope you have found 7 things you need to know about travel insurance helpful. Have questions about travel insurance or any other travel topic? Hit reply to this email and ask away. I will make sure every question is answered as soon as possible.
Next Travel Tip will have information about the Return to Travel Expo we will be running in a few weeks’ time on the Central Coast. Suppliers will be there to talk about every type of Bucket List and Luxury Travel Experience you can imagine. Until then.
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