Compare travel insurance policies
To compare travel insurance online can be a challenging task. You have to read through pages long policy documents and try to understand the often complicated legal language used by many insurers. Here are some simple tips on how to make a travel insurance comparison easier for you and what to look out for when checking different policies.
Compare excess
An excess is the first amount of a claim that the insurer will not pay for. Most travel insurance companies include an excess on their policies. Excesses can range from $0 to $500+. When comparing travel insurance policies make sure you are comparing like for like excess levels.
Example using a $500 excess: You lose your new $490 iPod on your holiday. Because your excess is higher than the value of the claim, your travel insurance company won’t cover you.
With most Cover-More international plans you can choose an excess level that suits you. The excess options we currently have are $0, $100, or $250, depending on your policy. The higher the excess you choose, the lower the premium.
Compare exclusions
Sometimes more importantly than what the policy covers, is what it doesn’t cover. When you do your travel insurance comparisons, look out for what the policy does not cover. For example, injuries sustained in terrorist attacks, civil unrest, natural disasters or insolvency of travel service providers.
Emergency assistance – travel insurance compared
Having professional and experienced emergency assistance can be vital if you suffer a severe injury or illness whilst abroad. Many travel insurance providers outsource their emergency assistance, leaving customers to deal with staff from a third party company in their time of need.
Compare cancellation policies
You’ve probably paid a lot of money for your trip, the last thing you want to be left with is cancellation fees if something happens and you can no longer travel.
There are an infinite number of reasons you may need to cancel a trip. Maybe 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.
Comparing travel insurance quotes online is worth doing. If you have any questions regarding a policy with Cover-More, you can contact our friendly Customer Service Team 7 days a week or simply get your quote now.