Travel Insurance Comparison

By: EconomyWatch   Date: 14 September 2009

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With several websites facilitating travel insurance comparison,a traveler can easily purchase the most cost effective policy with greater ease. However, choosing a travel insurance policy that does not duplicate existing coverage and covers you for all travel emergencies can be a challenging task, especially if this is your first time.

Travel Insurance Comparison: Areas to Focus On

The areas to focus on when comparing travel insurance policies are:

  • Select the same criteria for all insurance providers for a more appropriate comparison.

  • Inquire about the cost of a comprehensive (full) insurance policy in case you do not have other insurance policies.

  • Inquire about any hidden charges that could burden you at the time of purchasing the policy or filing for a claim.

  • Call up the insurers to confirm the quotes that the websites show.

Before beginning to make travel insurance comparisons, ask yourself the following questions to identify the right kind of coverage for you:

  • Do you have any pre-existing medical conditions that tend to get aggravated while traveling?

  • Did your airline offer you reimbursement in case the flight gets cancelled?

  • Does your existing policy cover you for health related issues outside the home country?

  • Does your homeowner’s policy cover you for the loss of items outside the home country?

  • Does your credit card offer coverage for rental cars, purchases and other credit card related activities? 

Travel Insurance Comparison: Exclusion Clause

The key to buying a comprehensive travel insurance policy is reading the exclusion clause. While policies may appear to be similar, there could be a difference in the range of their coverage. A policy may insure you for health, but exclude your pre-existing medical conditions. Another policy may offer you financial protection against the loss of property, but may exclude losses suffered in a foreign land. A traveler must read the exclusion clause to know what to expect. In an attempt to buy a cheap travel insurance policy, one must not significantly compromise on the extent of cover. In fact, for seemingly similar insurance policies, reading the exclusion clause can become the basis of travel insurance comparison.


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