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Insurance Coverage While Traveling: How To Save

December 13, 2012

travel hat and plane ticketsGoing on a vacation whether it is overseas or within your own country, can be an exciting and amazing experience. The last thing that you would typically want to happen while traveling is to end up sick or even worse, in the hospital. This is where travel insurance can play a major part in planning for you future travels. This type of insurance is designed to cover all medical expenses and other losses that occur while traveling. In most cases, primary insurance companies will not cover their customers in certain states or countries. By opting to purchase travel insurance, you will avoid those hefty doctor and hospital bills that come rolling in. While you may be perfectly find during your vacation and not need to use this insurance, it is ideal to have in the event that something were to happen.

Travel Insurance Pricing

Travel insurance can be quite expensive if you don’t know where to shop around to purchase coverage from. One thing that should be avoided at all costs is purchasing your insurance from travel booking websites. These websites usually allow you to add on travel insurance directly with your vacation package. This can be far more expensive than purchasing coverage from other providers. By following these helpful tips, you’ll be on your way to saving money on travel insurance and staying covered for the entire duration of your next trip.

Travel Insurance Comparison Engines

Travel Insurance Comparison Engines give you the ability to narrow down your coverage searches to obtain exactly what you want and need out of your insurance. Focus the results with ease and find prices that work for your budget rather than being locked in to one specific package and price. You will even have the option to purchase upgrades for an additional fee if needed. This gives you the best access to different plans and upgrades that are out there all at one spot. Two of the top Canadian travel insurance comparison services are Insurance Hotline and Kanetix.

When to Skip Travel Insurance

Skipping Travel Insurance on Refundable Trips is a must in order to save money. Vacations that are pre-paid and non-refundable should only be insured. This is because travel insurance usually only allows you to obtain cash losses from non-refundable trips. This would be unnecessary to have when your trip is refundable. One example may be that your flight is cancelled, but the airline offers you another flight for no additional cost. This is considered to be refundable and will not be covered by travel insurance. By avoiding coverage purchase all together, you’ll be saving money that can be better spent on your trip.

Choosing Evacuation Coverage

Choosing Evacuation Coverage can be confusing when opting to purchase travel insurance. Evacuations are typically needed in events where you are trekking and become injured during the trip or have to be transported from any area to a hospital in case of an emergency. Many travel insurance policies allow you to purchase evacuation coverage for up to a few million dollars. The premium for this coverage can be a bit excessive for something that it truly not needed. Choose evacuation coverage for a few hundred thousand dollars, as this is usually one of the top amounts that it would cost. Being over-insured will not help you out during your travels and only adds to your expenses.

Avoid The Unnecessary

Avoid Car Rental Travel Insurance to save money. Most car rental companies will already cover you when renting one of their vehicles, making the insurance coverage relatively useless.

Avoid Cancel For Any Reason Options because most plans will already allow you to cancel your travel insurance for a refund in the event that the trip can not go on as planned. This upgrade will just add an unnecessary addition to your premium.

  • John ward

    we are looking for travel ins for up to $500,000 can only in case we have an accident and are hurt,we are both in excellent shape ,I am 67 in July /13 wife is 65 dec/13 she takes 4 meds for high blood pressure and fibromyalga ,I take nothing .

  • http://www.insurancehotline.com/ InsuranceHotline.com

    Hello John,

    You can visit our site at http://www.insurancehotline.com/travel-insurance-quotes/ for your travel insurance needs or you can speak to your insurance professional (broker/agent).