6 Ways to Find Affordable Travel Insurance Packages
Friday, January 26, 2018, 6:00 AM | Leave Comment
A lot of holiday makers travel abroad without taking any insurance covers.
While you might not think that this is a big deal, it can be quite an issue in case something goes wrong on one of your trips.
Your luggage could get lost or you could get sick or injured while you are out of the country. This can put you in a difficult position of having to cover these costs out of pocket. That is why you should get travel insurance.
Here are some tips to help you find the most affordable packages.
-
Buy direct
Buy your cover directly from the insurance company. Avoid buying it through a travel agent if you can. This means that you will not have to pay additional fees in form of commission for the agent. Also, do not buy from the airline company.
-
Determine what you need
Don’t over insure yourself. Consider the risks that you might face where you are going and buy a cover that covers the existing circumstances. For instance, if you will not be skiing or hiking, no need to pay for such a high risk holiday. This will help to keep the cost of insurance low.
Also, be sure to indicate if you have any pre-existing medical conditions. Even though this might cost you a bit more in terms of premiums charged, it is important since if you do not disclose your condition beforehand, it can be declared null and void.
-
Check deal comparison sites
Compare the various prices charged by different insurers. This will help you find the best deals. You can even go to the individual websites of the insurers, like https://www.axa.com.sg, to check out their prices.
The advantage of this is that you will be able to see which companies are offering the best rates. This will only take you a short time to do, so it won’t even be much of a hassle to you.
It is advisable that you first determine what your needs are before you start searching for deals online. For instance, do you just want to be covered for baggage or even medical expenses and cancelled flights?
-
Add your companions to your insurance cover
If you have an existing medical condition and you are travelling with a companion, make sure that you have added them to your insurance cover. This is in case you get sick and the person needs to stay longer abroad so as to look after you.
-
Check with your bank and home insurance
Your home insurance might cover some of the things that you are carrying with you. In such a case, there will be no need to include these items in your travel insurance as well.
You can also check with your bank if they have any cover if you own a bank account with them or some credit cards. This will eliminate these costs from your travel cover.
-
Go for an annual cover
If you are a frequent traveler, then choose an annual cover instead of buying a single cover every time you have to travel.
