The Best Advice on Insurance I’ve found

Tips for Comparing Different Travel Insurance Plans We all know that travel insurance plans can differ widely in benefits, features, and prices. There are those that provide a bit more coverage for a little extra cost, and the cheapest option is not always the best. If you’re going on a vacation – alone, with the family or with friends – below are valuable tips to help you nail the right travel insurance plan for everybody: LEVEL OF COVER – This is obviously the first thing you need to look into. For example, will the policy cover you for theft or loss of your baggage, medical emergencies, trip cancellation and travel delays? Before you begin to compare different policies, make sure you’ve already listed down the features and benefits you want. AGE FACTOR – Age affects how much you’ll have to pay for travel insurance. The older you are, the higher your premiums.
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MEDICAL CONDITION – It is important that you disclose any existing medical condition you have to the insurer, regardless of the fact that it will boost your premiums. If you don’t, your policy may be rendered void, hence preventing you from making any claim, whether it is related to your present medical condition or not.
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LIMITS ON LOSS OR THEFT OF BAGGAGE – Policies may provide protection against theft or loss of baggage, but not necessarily for its entire cost. The claim is often limited. Certain possessions (for example, electrical equipment) will not be covered by travel insurance, but you can always have them included as an add-on. TRIP CANCELLATION – There are plans that will compensate you for trip cancellation, but make sure you know how much exactly. Say you’re going on a cruise, which typically costs thousands, will they cover you for that much? SINGLE-TRIP INSURANCE – As you might expect, single-trip insurance may not give enough protection if you’re going on a cruise. Your best option is none other than a dedicated cruise insurance plan. If you’re going on a holiday for more than a month (whether or not you’ll be on a cruise), specialist insurance is still what you need. SINGLE-TRIP VS. ANNUAL – If you travel more than once in a year, annual is better; otherwise, you’ll save more with single-trip coverage. FAMILY INSURANCE – This may not include stepchildren. TRAVEL ADVISORIES TO CERTAIN COUNTRIES – Your policy could be voided and you may be unable to make a claim if you travel to a country that your government has officially advised the public to avoid. If you’re unsure, make it a point to ask the insurer. SPORTS COVERAGE – Regular travel insurance will probably not include coverage for sports, so if the plan is to go skiing, you’ll need a special policy for that. If you want to buy the right travel insurance for you, make comparisons of different plans from different companies. This is your only way of knowing which among them is the perfect one for your needs.