Compare Travel Insurance | How to Choose the Best Option
4 Things To Do When Comparing Travel Insurance Online
Reading time: 4 mins
Travel insurance is no longer something that should be overlooked, whenever you plan a trip abroad – especially with the ongoing Covid-19 pandemic. It’s not only important to ensure you and your family are taken care of if someone falls sick, but there are other things that could go wrong, without much warning. You could face trip cancellations, delays, lost luggage or even the big stuff like natural disasters and civil unrest.
But is buying travel insurance worthwhile? Are you choosing the right cover? How can you save money on it? These are valid questions that any traveller should ask. The best way to go about it is to compare travel insurance online, in terms of policy type (single or annual), general coverage, additional cover, etc.
However, even once you go through these main factors, don’t just book any travel insurance policy. Choosing the right policy requires diligent research. So, before you settle on a particular travel insurance policy, here are a few things to keep in mind.
Why is it important to compare travel insurance plans online?
Doing your due diligence and comparing travel insurance online can benefit you in a few ways:
You’ll Save Money
Of course, one of the biggest factors to look into is, how much the policy will cost. It might seem easy and hassle-free to just go with the insurance policy your travel agent recommends, but it may not be the most suitable or cost-friendly travel insurance plan for you. Compare other travel insurance providers and the deals they are offering. This way, you can choose a policy that is tailor-made to your needs and possibly reap some added bonuses or discounts. You may also find one that is more cost-effective overall, that covers you not just for the current trip but all your future trips.
You’ll Save Time
You can also save time by comparing travel insurance quotes online at one go. Most travel insurance companies in Singapore have quick quote systems that allow you to get a quote online almost immediately. But, bear in mind that adding on Optional Benefits later on may change the cost of your overall policy. At least you’ll be able to compare the general premium coverage and plan limits easily.
You’ll Know What Each One Offers
Comparing travel insurance online is the best way to find out what each insurer and travel insurance plan has to offer. Besides medical coverage, plan inclusions like loss or damage of personal belongings, trip cancellations and delayed reception of your luggage may be other things to look out for. You should also check if the plan includes more serious factors like emergency medical evacuation, compassionate visitations of a friend or family if you are travelling alone and hospitalized overseas, or if you decide you don’t want to travel to your destination following a civil rights demonstration.
How to Compare Travel Insurance Online?
How do you accurately compare travel insurance online with so many options available? Well, most importantly, you’ll have to compare each one to your own list of needs and requirements. Don’t get pulled into extra discounts and freebies if the policy limits and terms are not what you actually need.
Here are 4 additional things you should do, to get an accurate estimate of various travel insurance policies, in terms of cost, level of cover and credibility, to help you make the best choice.
1. Enter Your Trip Information Correctly
To get a travel insurance quote online, you’ll first have to key in the main details of your trip, like, country of destination, and travel duration. It’s important that you key in the right details as this affects the overall policy terms and premium. You should take note that your travel insurance coverage is only limited to the geographical zone that you plan to travel to – whether ASEAN, Asia or Worldwide. If you choose a single trip policy, the certificate of insurance will show the specific country or region you are travelling to.
2. Evaluate the Level of Cover You Need Thoroughly
To accurately compare travel insurance online, you should also evaluate the coverage factors that are important to you. Are you travelling with the family? Do you need to bring your maid along? Are you going on an extreme sports holiday? If this is the case, plan inclusions like family policies, coverage for your domestic helper and special activities is what you need.
Did you know that if you are travelling in a group of 3 or more friends, DirectAsia offers an extra 10% discount on your policy plan? This is why it’s important to evaluate all the primary details of your trip to get the best prices when comparing travel insurance online.
3. Declare Any Pre-existing Medical Conditions Truthfully
Before purchasing a travel insurance policy online, you must declare any pre-existing medical conditions to the insurance provider. This could result in two possibilities – either your premium could increase, or the insurer could simply turn down your request for the policy. It’s important to note that if you don’t truthfully declare your medical condition to your insurer and end up making a travel insurance claim, it may not be considered valid.
4. Look for Feedback Online & Offline Intently
There’s no better way to assess the credibility and service of an insurer and the travel insurance they offer, than from direct feedback of existing customers. Check out online travel forums or testimonials on the insurers official websites, for customer’s feedback about the travel insurance policies they have. By doing this, you should be able to get an idea of how effective and true to their word a particular insurer is.
It’s also worth asking your family and friends about the insurance policy they have chosen when travelling or if they have any recommendations from past experience.
Book Your Travel Insurance Online Confidently!
Travel insurance plans offer coverage from all possible emergencies during transits and while you’re on holiday. But, different insurers form their own best travel insurance plans based on certain parameters. So, take the time to research and compare travel insurance online, as this would help you understand if the features and benefits of your chosen plan aligns with your trip requirements.
By comparing travel insurance policies online, you’ll be able to pick the best travel insurance plan that is not only pocket-friendly, but also provides adequate coverage for you and your family or group of friends. Don’t just settle for the one with the lowest cost as it may not cover all your needs.
Check several travel insurance quotations online, and compare their advantages, as well as terms and conditions. Once you complete your comparison, you can follow our step-by-step guide to buying travel insurance online and travel with peace of mind!