When you compare travel insurance online it can be very difficult with lengthy policy wordings and trying to understand the often complicated legal language used by many insurers. Below are some handy tips on how to make a travel insurance comparison easier and what to look out for when checking various policies whether for business or leisure, annual multi-trip, working holidays inbound or one way travel insurance.
The policy excess is the first amount of a claim that the insurer will not compensate you for. The majority of travel insurance companies include an excess on their policies. Excesses can range from $0 to $500+ so when comparing travel insurance policies make sure you are comparing like for like excess levels.
Imagine losing your iPad on your holiday. If the excess was $500 and the iPad was only worth $450, as the excess is higher than the value of your claim, you would not get anything back.
With most Travelsure international plans you can choose an excess level that suits you. Depending on your policy, the excess options we currently have are $0, $100, or $250. The higher the excess you choose, the lower your premium.
It is important to check not only what your policy covers, but also what it doesn’t cover. When you do your travel insurance comparisons, look out for what the policy exclusions are.
Make sure you are covered for injuries sustained in terrorist attacks, civil unrest, redundancy, natural disasters and insolvency of travel service providers. At Travelsure, we provide cover for these scenarios where others may not.
It is vital to have access to professional and experienced emergency assistance if you suffer a severe injury or illness whilst overseas. A large number of travel insurance providers outsource their emergency assistance, leaving customers to deal with a third party company at a distressing time. At Travelsure we insource our emergency assistance cases to our sister company CustomerCare so you can be sure at your time of need, we have easy access to all of the information we need to assist you.
When you have invested a lot of money on your holiday, imagine being left with cancellation fees if something happens and you can no longer travel.
There are many reasons you may need to cancel a trip. Perhaps a family member becomes ill or something happens to you. For any travel insurance compare the cancellation section of your policy carefully. Cheap family travel insurance does not always guarantee quality.
When looking to compare travel insurance, it is also important to compare travel insurance ratings. Imagine a world event or economic recession that could put severe financial pressure on a travel insurance company.
An insurance company’s financial strength can be defined as the company’s claims paying ability, that is, its ability to meet its obligations towards customers. Great Lakes Reinsurance (UK) PLC, a wholly owned subsidiary of the Munich Re Group and holds an A+ financial rating (superior) so always compare travel insurance ratings.
If you have any questions regarding a policy with Travelsure, you can contact our Customer Service Team or simply get your quote now.