There is no doubt that planning an overseas adventure or holiday is very exciting, deciding on where to go, what to do and how to do it is all part of the experience of travelling.
Part of planning the trip is deciding on the appropriate travel insurance. The kind of travel insurance you require depends on where you’re going, how you will be travelling and the type of activities you will be engaging in. It’s always good to shop around to find a package suited for your holiday destination and plans.
A little bit of time spent exploring your options can help save time and money, so here are some tips to help you on your way.
- Consider buying your travel insurance as soon as you’ve put a deposit down on your travel. This can help ensure your deposit is covered with your policy
- Medical insurance is one of the most important parts of your travel insurance policy, make sure you are buying broad cover, read your policy thoroughly and ensure you declare any pre-existing medical conditions
- If considering buying travel insurance from your travel agent at the time of purchasing your ticket, it is important to make sure you are getting the best price. Keep in mind that travel agents don’t always offer the best deal for travel insurance. It is a good idea to shop around with a few different travel insurance providers before deciding on the best policy for you
- Make sure you understand the process in the event that you need to make a claim on your travel insurance. For example, if there was a theft who do you need to report it to? Do you need a police report? For lost luggage, wallet or passport how do you ensure your claim will be managed quickly so you can get back on the road? Will your travel insurer provide instant cover or reimbursement? It is important to understand the requirements and policy process before you embark on your trip
- If you’re booking a major overseas adventure then ensure your travel insurance covers cancellation. This could save you a lot if you need to postpone or cancel your trip due to illness or unexpected events.
- Explore options for cost reduction. If you travel frequently look at multi-trip travel insurance or if you’re travelling as a couple you may be able to get better premiums for your travel insurance. Families also benefit from reduced premiums with family travel insurance packages.
- Make sure you have enough travel cover for your luggage. Losing your luggage in transit or through theft could ruin your entire trip. Before you leave it is a good idea to photograph what you are taking and itemise all your possessions, if you have receipts or proof of ownership this will help you greatly when it comes time to make a travel insurance claim. This is especially useful for backpackers.
- Check that your travel insurance policy covers all the regions you are planning to travel to. Some countries have travel warnings and may not be covered by standard travel insurance policies. You may not be covered for activities you do in countries with travel warnings, check on the current warnings before you embark.
- Make sure your travel insurance provider has a helpline that you can call whilst travelling. Worldwide assistance is a benefit you should not overlook. A travel insurance helpline is great even if you are just checking in to ask a question about your policy and in the case of an emergency it can be extremely useful.
- Don’t pay too much for your travel insurance. Many travelers over insure and end up spending more than they need to on travel insurance. Your travel insurance shouldn’t cost more than your flight.
The best advice is to find a travel insurance policy that is suitable for your individual travel needs.
Don’t buy travel insurance for things you don’t need and make sure you have cover for all the things you want to do and the places you want to go. Medical, accident, theft and lost luggage are the basic must haves before your embark on any travel adventure.