How to choose a good travel insurance policy?
When looking for travel insurance, there is a dizzying array of companies, policies, plans, restrictions, and conditions. What should a short-term traveler look for in an insurance plan? What things should you watch out for? Are there any companies or plans in particular that are commonly recommended for travelers?
Edit: To make this more specific, I'm looking for a general travel insurance policy for a single traveler in good health traveling for a few weeks to a few months. It should be comprehensive enough to cover basically any medical issue that could arise while traveling in most parts of the world. I know there are hundreds of plans that fit this criteria, so my question is: are there any major aspects that set some plans apart from others, or are they basically all the same? Are there a few companies that are frequently highly recommended for travelers, or is there not much difference between the companies out there?
Best Answer
Unfortunately I haven't seen any comprehensive comparison of the terms and conditions that different companies offer (which is a shame - hopefully someone will provide a link). However, the things that I came across personally:
Volcanoes and similar natural disasters - after the issues with Icelandic eruptions, many (reputable) companies refused to cover the resulting losses. So I would double check with the company whether they (a) cover these things (b) covered it last time it happened.
All sorts of sports and/or work - if you are planning to do sports or work double check that you are covered. Especially if its "extreme" sport (surprisingly wide category for the insurance companies) or involves any sort of competition. Wintersports cover is also usually included at a premium.
Cover for the USA and Canada can be more expensive than the rest of the world.
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Which is the most reliable travel insurance?
Best Travel Insurance Companies of 2022- Best Overall: Travelex.
- Runner-Up, Best Overall: Allianz Travel Insurance.
- Best Value: InsureMyTrip.
- Most Comprehensive Coverage: World Nomads.
- Best for Seniors: HTH Travel Insurance.
- Best for Cruises: Nationwide.
- Best for Medical Coverage: GeoBlue.
What are the disadvantages of travel insurance?
Cons of Travel Insurance- It Can Be Expensive. One major drawback of buying travel insurance is the cost. ...
- Might Not Provide Coverage for Pre-Existing Diseases. ...
- Travel Insurance Claim May Get Rejected. ...
- Comes with Certain Loopholes.
Is it a good idea to take out travel insurance in case you need?
While you're never required to buy travel insurance, it's a good idea for more expensive trips. The last thing you want to see is thousands of dollars in non-refundable purchases evaporate because of an unforeseen event. You can follow these below tips to you help you decide when travel insurance is worth it.How do I choose travel insurance UK?
Top tipsHow to Choose Travel Insurance in 2022 | Know what's covered (and what to look out for!)
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