Travel Insurance Comparison

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Since vacationing with your loved ones is an important time for you and your family, a suitable travel insurance policy is a surefire way to make sure that your vacation is trouble free. A good travel insurance policy is one that offers several benefits at a reasonable rate. There are several things to consider when looking for a travel insurance policy. You might be surprised how much international travel insurance policies differ from one other. Each vendor emphasizes a slightly different aspect of protection. Therefore, you should buy the policy that is most pertinent to you.

Once under way, you should know the benefits that are available for you if the trip is interrupted. What happens if your trip is delayed or you miss a connection? Who pays for the resulting expenses? Will the holiday insurance policy compensate if your carrier loses or delays your baggage and you have to purchase something that was lost? It is always best to know the answers to these questions before you sign on the dotted line. There are some consideration factors before buying a travel insurance policy as below:

1)Medical Cover

This is one of the most important aspects of your travel insurance. If you are travelling within Europe, you should find a European travel insurance which gives you at least £2 million worth of medical cover. However worldwide travel insurance should provide you with around £5 million worth of protection. Whilst this may seem like an inconceivable amount of money, hospital bills can be extremely expensive abroad and it is best to purchase a policy which covers extreme medical treatments. If you do not purchase travel insurance, a medical emergency could leave you in serious debt or bankrupt.

2) Cover for Lost Valuables and Luggage

All travel insurances will normally cover you for a certain amount of lost or stolen goods. It is advisory that you purchase a policy which covers you for around $1500 worth of possessions. Also make sure that your travel insurance covers you for if airlines lose your baggage; luggage is lost annually so it is important to safeguard all your possessions.

Most insurance companies will also put a limit on how much you can claim for individual valuable items. So try to avoid taking valuables which exceed this limit on holiday with you.

3) Cancellation Cover

Look for a travel insurance policy which will provide you with some compensation if you cancel or cut short you trip. Many companies will give you this extra if you have suffered an illness or bereavement. You should try and look for a company which will cover you have paid for prior to your holiday. Also try to find a policy which will cover the cost of your trip home.

4) Help & Support

In the help and support areas, you should try and pick a company which has a 24 hour helpline or collect telephone access to travel, business and concierge services so that you can contact someone and get help and advice at any time.A review period immediately following your purchase gives you an opportunity to cancel your policy and receive a full refund. The length of this review period varies by provider.

5) Optional Benefits

There are always extras that can add a great deal to a trip and you might want insurance for these types of services. For example, if you plan to rent a car, policies that offer car rental coverage could be useful. As troubling as it might seem to think about, many policies also offer coverage for you or your loved ones if you have the terrible misfortune to die or be seriously injured while traveling. Some will offer a new-for-old cover; this means that any of your stolen or lost valuables will be replaced by brand new items. Some companies also offer spectacle cover for if your glasses are broken or lost whilst you are away; you will have to search around for this deal as many companies do not have this offer.

As Independent Financial Consultants, we provide insurance plans from most of insurance companies, we list several popular travel insurance plans from different insurance company for your comparison as below:

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