How To Compare Different Overseas Travel Insurance Policies

Many of us get it wrong and think that purchasing insurance is nothing more than an additional required step before going on holiday. This couldn’t be further from the truth.

This assumption could put you in a position where the coverage provided by your travel insurance is insufficient, causing you to experience stress on multiple fronts, including financially and emotionally.

Before choosing one of the available international travel insurance plans and putting your name on the dotted line, you should compare the different travel insurance policies to help you comprehend the coverage better.

• Destination: The country or region you are travelling to introduces new challenges and dangers into your life. As a result, it is essential to select the appropriate level and kind of protection for your needs. For comparison’s sake, let’s imagine that purchasing travel insurance for a trip to Japan, which is seismically active, will be more expensive than purchasing insurance for a trip to Singapore.

• Coverage for medical expenses: As a general rule of thumb, the provision of medical coverage is the component of any online travel insurance policy is the most essential. The typical medical bill cost is expensive in western nations like the United States and Canada. As a result, it is strongly recommended that you select an adequate sum insured amount taking into consideration the nation to which you will be travelling.

• Coverage for checked-in baggage and personal belongings: In most cases, an international travel insurance policy will cover the loss of checked-in baggage at the airport. Be sure to read the policy wording carefully and look for specifics and exceptions to the coverage. It also protects your personal belongings up to a specific limit, which can vary depending on the travel insurance company and your chosen plan. In addition, the coverage will assist in the application process for a new or replacement passport if the insured person loses their passport.

• Sports & Adventure Activities: Due to the high perceived risk associated with adventure sports and similar activities, these pursuits are typically excluded from coverage under a standard travel insurance policy. But, if necessary, you can obtain such coverage by requesting an add-on, which will increase the cost of your travel insurance premium.

• Coverage for flight cancellation: With this cover, you will be entitled to a return of the cost of your flight tickets if your flight is cancelled due to circumstances such as inclement weather. Please review the family travel insurance policy to grasp better what is covered and what is not.

• Benefits: The number of benefits provided by an international travel insurance policy and the degree to which those benefits are provided varies significantly from one policy to another. So, you must evaluate different travel insurance policies to get the best travel insurance plan that fulfils all your needs. *

• Pre-existing disease: Suppose you or someone from your family already has a pre-existing medical condition, such as diabetes or asthma. In that case, ensuring you are protected against the associated medical expenses is paramount. *
  
  Be sure to examine your family travel insurance policy wording to see if any exceptions are made for pre-existing conditions.
  
  
• Home Cover: If you acquire this protection, you will not be liable for any losses resulting from a break-in or theft of your belongings while on your trip. It serves the same purpose as a fictitious homeowner’s insurance policy for the duration of the vacation.

The fundamental concept here is to make sure that you compare various travel insurance plans and policies thoughtfully, giving due consideration to the requirements and priorities of your international travel. Keep the travel insurance app download handy, so you can travel to your dream locations without any worry or fear!

*Standard T&C Apply

‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘