5 Steps to Buy Travel Insurance
Purchasing Travel insurance doesn't need to be difficult! Follow these simple 5 steps to cover you while you travel.
Purchasing travel insurance can be simple and easy with Fast Cover
Finally, the time of year rolls around where you get to go on vacation! After carefully picking out your destination, finding just the right places to stay, and checking all vaccinations, you take the plunge and book the flight ticket. Immediately, a question pops up on the screen: ‘Would you like to purchase travel insurance?’ While ticking a box during your ticket purchase may seem nice and convenient, buying your insurance this way may not be in your best interest. Following are a few tips on how to buy travel insurance to make sure you not only get the cover you need, but also don’t end up paying too much for it.
Before you buy…
Generally speaking, one in five Australian travellers need some sort of assistance on their trip. Whether it’s lost luggage, a cancelled hotel, or a medical emergency, with the right insurance policy you are covered. Pick the wrong insurance plan though, and you end up with out of pocket expenses and a bitter taste in your mouth.
Before purchasing any travel insurance, check out your existing insurance packages. Sometimes you are already covered for certain eventualities by your private medical insurance, and often credit card companies also offer a certain insurance cover when using them for buying flights or booking hotels. Knowing what you are already covered for means that you can either opt for additional cover through a travel insurance or simply cherry pick a policy that suits your requirements.
Step 1 – Consider what level of cover you need for your trip
Most insurance companies offer policies with various tiers of coverage for both domestic and international travel. These can range from emergency medical-only policies, to comprehensive policies which may include cover for lost or stolen luggage, missed connections or cancellation costs.
Also consider if you need any extra cover for:
Step 2 – Compare Travel Insurance Providers & Policies
Compare policies and prices, but remember the old adage: you get what you pay for! While it may be tempting to simply scrounge for the cheapest policy you can find, make sure you check for loopholes and exclusions hidden in the fine print that might come back to bite you later.
Check for features such as: