Getting Travel Insurance That Meets Your Needs

Key facts to know about travel insurance and how to make it work in your favour.

16:31 05 March 2013

When you’re thinking of going on holiday or if you have to travel for business, it’s beneficial to have travel insurance. Many people think that the chances of actually needing it are slim, and that may be true, but it only takes one incident to cause far-reaching consequences.

A medical problem during travel, for example, may end up not being covered by your health insurance. Travel insurance needs that can offer you that additional protection for situations just like that.

 

Here are a few tips to find coverage which suits your needs:

 

•If you travel frequently, compare rates. You’ll be looking for constant coverage so you don’t need to worry about last minute travel insurance needs and get stuck with an outrageous price.  Shop around now, get a long-term plan and then relax and travel to your heart’s content. 

 

•If you hardly ever travel, look for companies which offer one-time insurance benefits that will last for the length of your trip and won’t require you to get a long-term insurance plan. You’ll keep your costs down that way, while still being able to afford important protection.

 

•Consider the type of insurance you need. If you tend to gravitate towards extreme activities such as skydiving, bungee jumping, parasailing and any others you can dream up, definitely look for travel insurance tailored to those types of activities. They’ll know what typical situations arise from engaging in those activities. 

 

•Destinations. You may have different travel insurance needs based upon where you are travelling. For example if you happen to visit an area with active volcanoes you may look for insurance coverage that can help you if there is any volcanic activity. Other destinations may need additional options for coverage.