By now you’ve probably heard the debate regarding travel insurance. Some people claim that you shouldn’t travel without it and some claim that it’s not necessary. While it’s true that there are some instances where it doesn’t make a lot of sense, after all, a weekend trip might not even be covered since most policies have minimum stays of at least 7 days, the fact is that travel insurance can save you a lot of money if you need to use it.
The question is, if you’re already on a budget to begin with, how can you find cheap travel insurance?
When looking for a travel insurance policy, the best thing that you can do is to compare plans. It’s easier than ever to get instant online quotes now for the various travel insurance policies and comparing the premiums, deductibles, and specifics pertaining to what the policies will cover will show you not only what’s the cheapest but which one is the best for you.
So what kinds of things should you be looking for?
1. Flight insurance plans.
One of the best things that you can have on your travel insurance policy is flight insurance. This will protect you against flight delays, which could end up costing you extra money on hotel rooms and food, flight cancellations, and other things that are out of your control. You can even purchase plans that only include flight insurance, which is probably going to be your cheapest option. Some flight plans offer group travel prices for around $15 per person which can cover up to $300,000 per traveler.
2. Medical condition waiver.
If you have a pre-existing condition, then reading the fine print on travel insurance policies can save you money. Many have waivers, while others won’t cover anything that they suspect might have been there before.
3. Annual premium travel insurance plan.
If you plan on taking a lot of trips throughout the year, then you might want to consider an annual or multi-trip plan. This usually covers around 5 trips and can save you money on premiums. You might be surprised at how low the cost is. It usually hovers around $250, although prices will vary depending on the company and the plan that you choose.
There are quite a few flexible travel insurance policies out there. These will let you choose the benefits that you think that you are going to need on your trip. Plus, they often let you choose your own deductible, too. Choosing what you need means that you’re not paying money for something that you’re not going to use.
5. All the bells and whistles.
Of course, if you want a premium travel insurance policy, then it’s going to include everything. It will cover lost or delayed baggage, trip cancellation, medical evacuations, waivers on pre-existing conditions, medical and dental expenses, accidental death and dismemberment, and everything in between. This will probably be your more expensive option, however.
These are just some of the things that you want to look for when you’re comparing cheap travel insurance policies. Cheap doesn’t always mean it’s bad, especially when it comes to travel insurance. However, you want to make sure that it has useful benefits that are going to be helpful to you.