Finding the right travel insurance can be difficult. There are many products to choose from, and all travelers have different needs. This simple guide will help you find the right coverage for your trip.
1. Determine your needs
Ask yourself this question and write down the answer:
“What are my 3 biggest concerns about this trip?”
Some people want to make sure the cost of their trip is covered if they need to cancel, others want their health and medical needs covered by travel medical insurance. Maybe you have a nice new set of luggage to protect, or you heard about the astronomical cost of emergency evacuation.
Everyone looks for travel insurance to cover different needs. You need to determine what your needs are, and find the policy that works best.
For more help understanding travel insurance coverage, check our Travel Insurance 101 guide.
2. Compare all quotes from all companies
This is actually quite easy. Instead of visiting several different websites and getting trip insurance quotes one at a time, use a comparison engine. These work much like Expedia .com, where you put in the trip dates and see all the options from all companies at the same time. Then you can decide based on features.
(see How to Compare Quotes with a Travel Insurance Comparison Site)
3. Match the plan that fits your list
Start looking at the different plans, specifically checking the coverage for the 3 things you wrote down earlier. If the coverage is the same for one area, check that off your list and move on to the next one. If they all offer similar coverage, you can then simply shop based on price.
Some products, however, will offer better or worse coverage than others. If you find a company that offers better coverage in one of your chosen areas, you have a reason to choose them over the rest. This is where price is not a concern, but getting the right coverage is.
