A growing number of people are investing in travel insurance for their vacations. In fact, the travel industry reported the number of people who purchase travel insurance plans has increased by 20% in the last decade. People are becoming increasingly aware of the value and importance of the coverage that travel insurance provides.
If an unexpected event occurs on vacation, travel insurance provides peace of mind and important coverage. Unforeseen things can – and do – happen on vacation, and travel insurance can help protect you and your loved ones while they are away from home.
Appreciating the need for travel insurance is a great thing, but it is also important to purchase your policy with knowledge about which plan fits your need. While the most inexpensive plan might be the most appealing, it may not provide the coverage you need. On the other hand, you may not need the most expensive plan either.
Our goal is to help you understand you have many options when purchasing travel insurance, and to pick the plan that provides you the coverage you need while still fitting into your travel budget. Here are the important items to pay attention to so you can make sure you’re getting the most from your travel insurance:
- Read the certificate of coverage. We know, we know – it’s not the most exciting read, but it is important to know the details of your policy. Read it as soon as you purchase the plan and be sure to read it carefully. It’s also a good idea to highlight portions that you feel are the most important to you. That way, if you do have to file a claim you can reference your certificate of coverage quickly.
- See if your travel insurance policy has a pre-existing condition waiver. This is something that is usually over-looked, however it can be extremely important if you need to file a claim. Some travel insurance policies are more inexpensive because they don’t include a pre-existing condition. On most of our policies, including the TravelSafe Classic and TravelSafe Classic Plus, if you purchase the plan within 21 days of your initial trip deposit, the plan exclusion for Pre-Existing Conditions will be waived. If you have an illness or issue that you feel may cause you to file a claim, make sure your travel insurance policy includes a pre-existing condition waiver.
- If your trip plans change, update your policy. Trip dates can change and that can bring charges for extra nights at hotels or increased flight costs. These adjustments mean your overall trip cost has changed, and that information needs to be passed along to your travel insurance company. If you don’t update for the non-refundable parts of your trip, the insurance company can actually deny any claim you might make. This is the case because in order to be covered, you must insure 100% of the non-refundable trip penalties. On the other hand, if the cost of your non-refundable expenses decrease, you should also contact us so that we can adjust your policy and refund you for any differences in your coverage.
Still have questions? Want to learn more about which travel insurance policy is correct for your next vacation? You can reach us by phone at 1-888-885-7233, by email at firstname.lastname@example.org. You can also post your question on our Facebook page or Tweet us. We look forward to hearing from you and making sure your travel insurance helps you with your travel needs.