Travel has its risks and rewards. In fact, 99% of the time, the rewards far outweigh the risks. However, every time you leave home you are in fact putting your health, your possessions, and ultimately your finances at risk.
It used to be that people would just book a flight or a cruise and jet off to anywhere their hearts desired, without much thought being paid to the risks involved. However, these days much more is commonly known about the dangerous and/or costly things that can happen to anybody while away from home. That is where travel insurance comes in.
The smartest way to go about making sure you are getting a good deal on travel insurance is to compare quotes from multiple insurance companies. If you are interested in comparing quotes for travel insurance, here are 3 tips that can help you land the best quote:
1. Know your desired coverage type:
As with any type of insurance, there are many this page variations on the travel insurance theme and no two policies are identical. You can practically get coverage for any situation you can think of. The most popular types of coverage are for: medical coverage, death and dismemberment, repatriation of remains (if you die), auto accident, lost baggage, trip delay, and trip cancellation coverage.
2. Understand your desired coverage limits:
Depending upon what you are willing to spend on a policy, coverage limits – the maximum amount the agency will be willing to cover for any given incident – will of course vary.
3. Request quotes from multiple lenders:
Once you know your desired coverage type and limits, go ahead and make a list of at least 5-7 insurance companies. Check online, then apply online or via phone. Make sure you request equivalent coverage and coverage limits for each policy in order to be able to compare the rates you are quoted.