Factors to consider when choosing travel insurance

If you travel frequently out of the country for business or fun, then it’s time to give travel insurance a serious thought. Travel insurance covers travellers in the event of accidents, sickness, or loss of property during their trips.

Before you apply for travel insurance you must have your personal information, contact information and details about your travel ready. Details you need to provide include the expected date of travel, your destination, the date you want your insurance to start, the type of travel policy you want, the types of high valued items you would want to specify in your cover, and other necessary details.

Here are a few questions to ask while getting a travel insurance policy:

• Is the policy comprehensive enough? Does it cover everything you need? It is highly recommended that the policy covers theft, loss of baggage and medical/hospitalization expenses and medical evacuation among other covers
• What are the exclusions: Some policies specifically exclude dangerous activities such as scuba diving, motorcycling, skiing and bungee jumping: read the terms and conditions in your policy.
• How does your insurer make payment for claims: Find out in advance if your insurance plan will make payments directly to providers or reimburse you later for overseas health expenditure.
• What will you need to make a claim: As with all other insurance policies, you will have to present documentation to lodge a claim under a travel insurance policy. Make sure you keep all documentation that you need to make your claims process faster and easier.

There are many more benefits of travel insurance. Traveling comes with its own risks but having a travel insurance cover ensures that if issues do occur, you are protected. Remember to get your travel insurance for your next holiday or business trips.