Should I use an online broker to buy travel medical insurance or Should I buy from the insurance company website?
I will be travelling to United States to join a graduate program. I need to buy travel medical insurance for three weeks as I will be an early arrival student. I am thinking of buying Atlas Travel Insurance (HCC Medical Insurance Company). I would like to know if it is a good idea to buy travel insurance from an online broker like insubuy.com ? or should I buy the insurance from the insurance company's website directly ? What are the advantages and disadvantages of using each of these methods ?
Also, any information on the reliability of these online brokers like insubuy.com would be really appreciated.
Best Answer
The advantage of using online brokers and comparison sites is that they allow you to compare multiple plans at once, even though you will get the same price whether you end up buying through them or buying directly from the company. Legally, there are no discounts on travel insurance in the US.
Online brokers like the one you mention are very reliable and make it easy to compare a variety of plans.
This article talks more about the difference between buying directly from the insurance company and buying from an online broker:
http://www.visitorsinsurancereviews.com/buying-visitors-insurance-from-comparison-site/
There's also some information and reviews about the plan you were considering:
http://www.visitorsinsurancereviews.com/atlas-america-insurance/
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Is there an advantage to using an insurance broker?
Save on your insurance rates A broker works with several insurance partners in order to find the best deal on insurance coverage that's right for you. They will assess your personal needs and make impartial recommendations that serve your interests \u2013 not the interests of the insurance providers.What are the disadvantages of using an insurance broker?
Following are some significant disadvantages of using insurance brokers: Additional Charges: Apart from the premium, one may require to pay some extra charges. This other charge concerns the broker fee. Lack of Professionalism: Occasionally, the insurance brokers may show a lack of professionalism.Who is the best travel insurance company?
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.
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.Travel Insurance Tips: 7 Things to Know Before You Buy
More answers regarding should I use an online broker to buy travel medical insurance or Should I buy from the insurance company website?
Answer 2
I am the representative of insubuy and we are replying to this question because the original poster has questions about our company.
You should always purchase from a broker such as insubuy because there are many advantages such as expert advice in plan selection, side by side comparison and after sale support, longer service hours etc. Please read our webpage on the topic for further details.
And of course, there is no disadvantage in purchasing from a knowledgeable broker such as insubuy as the prices are the same as anywhere else.
Regarding discounts, they are illegal. Any licensed agent who passes the exam before getting license has to study that. The state laws in the US explicitly prohibit that. You can definitely confirm that by calling your state's Department of Insurance.
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
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