A Guide to Buying and Using Travel Insurance
Thebestindonesia.com – Travel is already expensive enough. Plane tickets, cruises, hotels, ground transportation, meals, activities, and entertainment are already costly enough. I don’t know about you, but I work hard for my money and keep as much money in my pocket as possible when I travel.
Is Travel Insurance Really Necessary?
Is travel insurance a necessity or a luxury?
Why not cut a few corners here and there?
Why buy something if you don’t need it?
Of course, my answer is that I am not independently wealthy and cannot bear the financial loss that may require medical care while traveling. That also means you are looking for decent and cheap travel insurance. I suspect you are in the same situation and need cheap travel insurance. If you still need to figure it out, consider the following: Did you know that your health insurance will only cover some costs if you get sick or injured while traveling abroad? It will be a burden. In some countries, you may only be admitted to a hospital with medical insurance or proof of having medical insurance.
This applies to everyone, regardless of age or length of stay abroad. Suppose you get sick a few hours after arriving at your destination. Or maybe you were injured in a car accident while traveling to a foreign country. Or suppose one of your children, who is part of a group visiting a class abroad, gets food poisoning and has to be hospitalized. In either case, without proper travel medical insurance, you are responsible for any costs beyond the limits of your existing medical plan.
So, before you travel abroad, you should ensure that you have enough travel medical insurance that won’t break the bank. You should check to see if you already have sufficient coverage available through your health insurance plan, employee benefits, or credit card. If your coverage is adequate for your needs, you can enjoy your trip without the extra cost of travel insurance. However, if you are unsure of your insurance coverage or if your insurance coverage needs to be improved or non-existent, your next step should be to research and purchase the necessary travel insurance coverage.
How much can you expect to pay?
When he bought his first plane ticket to China a few years ago, it cost him about $2000 round trip, and travel insurance cost him over $500 because I didn’t search for cheap travel insurance online.
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A few years later, getting a little older and wiser, my travel insurance for another trip to China cost significantly less, about $300 for roughly the same coverage. Difference? Before getting travel insurance for my second trip, I looked online, and it had the insurance I needed at the right price. If he had received travel insurance from his travel agent for this last trip, the trip would have cost him about $600, and the plane ticket cost him only $1,500. Not necessarily an intelligent way.
So how much does it cost you? It will not cost as much as if you were sick or injured overseas and did not have travel insurance. That’s the obvious answer to that.
The cost of travel insurance depends on your age and the type of coverage you choose. The basic policy is only $5.50 per $1000 of coverage. On the other hand, comprehensive insurance can be assumed to cost 7-10% of the travel cost, depending on age. The older you are, the more you pay. However, regardless of the cost of the policy, it is much less than the cost of medical evacuation!
The good news is that you can easily, conveniently, and quickly find cheap and plentiful online travel insurance to save money while making an informed purchase. With hundreds of travel insurance options to choose from and keeping a lot of money, it’s much better than buying one from a travel agency.
Read also : A Review On Travel Insurance: Do You Need It Or Not?
Points to note when purchasing overseas travel insurance
To help you research, here are some suggestions to help you make an informed purchase.
- Consider the worst-case scenario. If you can survive the worst-case scenario financially, you may not need travel or comprehensive insurance. 2. Is the insurance you are considering appropriate, including medical evacuation coverage, if you need medical care where the best available treatment in your country is below the standards you are accustomed to in your country? Could you make sure you provide medical/dental coverage? This can happen if you get sick in a developing country or on a cruise ship.
- Check your existing insurance policy to confirm coverage. It makes no sense to pay more for things already included in the homeowner’s or renter’s insurance policy, such as B. Theft and Loss Coverage.
- If you travel frequently, consider annual or year-round travel insurance. Sometimes called multi-trip travel insurance. These policies are relatively inexpensive, whatever the name, compared to single-trip travel insurance. 5. Read the fine print to know what you’re buying. Could you ensure you understand what the company considers valid reasons for cancellation or suspension? If your list is too restrictive, we recommend you consider a different policy.
- Don’t stop shopping at travel agencies. They will likely only have one company’s product available to them, and it’s there for your convenience, but that convenience can come at a high cost!
- Ask many questions about the report if you play the game. Ask for clarification of terms. Make sure you and your travel insurance speak the same language.
- Do not purchase insurance through a carrier. How much will your insurance cover if an airline goes bankrupt?
Read also : A Short Guide To Travel Insurance
After purchasing travel insurance
Please keep in mind that travel insurance applies for specific dates. Therefore, only expedite your trip or extend your trip after first changing your travel insurance coverage. Of course, this will cost you extra, but it’s cheaper than not having insurance when you need it most.
Besides, you should bring your travel insurance policy when you go abroad. You can’t consult the policy if it’s sitting on your desk at home. You should also carry your travel insurance company’s toll-free assistance phone number and other contact information wherever you go. It does you no good if you get ill or hurt and the necessary policy information is sitting in your hotel room. It’s also a good idea to bring your regular medical coverage cards and info with you.
These tips will help you with the best travel insurance for you. Then take your trip with the peace of mind of knowing that the right travel insurance policy insures you at the right price. Bon, voyage!
