Every traveler wants to find the best travel insurance plan for themselves. Nobody wants to overpay on travel insurance when the money could be better spent on travel experiences. So, if you want to get the best travel insurance deal, here’s an advice for you: Make sure you leverage on online insurance comparison sites to find the best deal.
Step 1: Start With The Right Mindset
But before you go about comparing travel insurance plans, here’s an advice that you need to heed: Quantity of coverage doesn’t equate into the quality of coverage. Don’t ever fall into misconception into thinking more coverage equates into better coverage.
If you have ever read any travel insurance policy document, you will find that travel insurance plans come with a plethora of benefits, from personal accident, overseas medical expenses to travel delay. Each benefit comes with its own coverage amount. This often confuses travelers who are trying to compare between travel insurance plans. As a result, travelers often fall prey to the classic misconception that quantity beats quality.
In short, travelers end up opting for travel insurance plans that have more benefits even if the coverage amount for each benefit is lower.
Keep Your Comparison Criteria To The Top 3 Travel Risks
Instead, here’s what you should be doing. Start by thinking of the top three risks that would have the greatest financial impact for you. Typically, personal accident, overseas medical expenses and emergency evacuation are among the top (financial) risks that travelers would want to insure against. Then, use your top personal travel risks as comparison criteria to find the best deal that fits your insurance needs. With that in mind, you can start to compare travel insurance plans online.
Step 2: Quick Filter For Suitable Plans Using The ‘Policy Summary’ Feature
A useful feature of a comparison engine like Insurance Market is the ‘Policy Summary’ feature. Through the ‘Policy Summary’ feature, you can get an overview of the policy coverage. In addition, Insurance Market also highlights the key selling points of the chosen travel insurance plan. In other words, the ‘Policy Summary’ feature lets you quickly filter travel insurance plans that don’t meet your insurance needs.
For example, ERGO’s TravelProtect Essential plan comes with insurance coverage for death or injury that is sustained during an adventure activity. If you are an adventure seeker that usually engages in adventure activities, you will want to add ERGO’s TravelProtect Essential plan as one of the plans for comparison.