Published on the 4th June 2023
Where to Get Travel Insurance?
Reading Time: 5 min read
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The global travel insurance market is predicted to grow to around $108 billion USD by 2030. Given such figures, it’s fair to say there’s plenty of choice when buying insurance. However, knowing where to begin is easier said than done.
Although policies may overlap, insurers tend to differ regarding the finer points. This includes details such as what you’re covered for and how much. This blog will look at the essential considerations to make before agreeing on your travel policy.
Contents
- How Do I Choose Good Travel Insurance?
- Is Premium Travel Insurance Worth It?
- Who is the Best Company to Get Travel Insurance From?
- When to Buy Insurance for your Trip
- Conclusion
How Do I Choose Good Travel Insurance?
When choosing your travel insurance coverage, put sufficient time aside in order to find the best deal for your travel needs. You should establish what you’ll be covered for, and any limitations regarding potential compensation. A Forbes study showed the average travel insurance cost is 5% to 6% of your total trip costs. This means it is worth making basic calculations before considering any offers.![A Forbes study showed the average travel insurance cost is 5% to 6% of your total trip costs, GasanMamo, where to get travel insurance?](https://www.gasanmamo.com/app/uploads/2023/06/What-is-travel-insurance-pros-cone-and-hidden-realities-1.jpg)
Medical expenses
Most medical insurance will cover you for minor personal accidents, but for major problems, claim limits can differ wildly. In a worst-case scenario, injured persons may require airlifting away from an accident scene. It would be best to actively consider the potential costs of such an occurrence.Hobbies & activities
If you’re a keen hiker, or into watersports or other such activities, check to see if a policy covers these. For example, GasanMamo covers golfing activities as standard – other insurers may charge a premium for this.Start & stop dates
Establish the exact period of insurance required. Policy holders should know that a travel policy can include flights, so be careful when selecting coverage dates if you’re flying at unsociable hours or through multiple time zones. If you’re a frequent traveller, taking out an annual policy for 12 months may be beneficial.Coverage for freak events
Freak events may mean adverse weather conditions, political instability, or terrorist attacks. Basic coverage is unlikely to cover occurrences such as these. Although it’s impossible to predict the future, the region you’re travelling to is worth researching. This is so you can make an informed choice about the coverage you need.Exclusions
Knowing what travel insurance does NOT cover is just as important as knowing your coverage levels. It would be best to make no assumptions about insurance. Remember that If something is not clear in your travel insurance policy, it probably won’t be covered. Check with your chosen insurance company regarding any specifics, should you have any doubts.Is Premium Insurance Worth It?
‘Premium’ insurance is usually referred to as ‘comprehensive’ cover. Costs may be higher than a basic or standard travel insurance policy, but the levels of cover will be much higher. Its worth is dependent on the needs of the individual. Comprehensive cover may compensate for delays and cancellations caused by natural disasters and higher personal accident benefits. It may also cover you for adventurous activities, such as winter sports. Find out more with our article on Why is travel insurance important?![where to get travel insurance, The global travel insurance market is predicted to grow to around $108 billion USD by 2030, GasanMamo](https://www.gasanmamo.com/app/uploads/2023/06/What-is-travel-insurance-pros-cone-and-hidden-realities-2.jpg)