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Top 10 Tips for Cheap Travel Insurance

Wednesday, 09 Mar 2011 03:43 PM

Travel insurance is a must for travelers, especially if you are traveling internationally. Obtaining travel insurance for any medical emergency during travel, or other travel needs and contingencies, ensures that the traveler can travel with a free and easy mind.
Cheap travel insurance is available in several categories including medical travel insurance, crisis insurance, war and terrorism insurance, long term travel medical insurance, travel trip cancellation insurance, and student travel insurance, to name a few. The most popular form of insurance is travel insurance for medical treatment.

Some of the top ten tips for getting cheap insurance travel are:

Cheap travel insurance can be a good investment if the insurance is obtained from a reputed company. AIG American Home Assurance Company, Arch Insurance Company, Lloyd’s of London, Monumental General Casualty Company, Virginia Surety Company, Standard Security of NY, UNICARE Life and Health, Fairmont Premier Insurance Company, TIG Insurance Company, and Sirius International Ins. Nova casualty and Stonebridge casualty are some of the companies that provide cheap travel insurance.

Travel insurance can be obtained either directly from the insurance company, or through a broker, travel agent, airline company, or online travel insurance company. 

To find the best deal on cheap travel insurance, one needs to compare travel insurance from different companies. Compare and assess the risks and benefits, premiums, and deductibles offered by each company.

Check to see if the companies are associated with medical facilities in the destination country and check if they have offices in the destination country, phone availability, and an emergency care system.

Check to see if the insurance company is aware of the rules and regulations and legalities of the destination country. Check their reputation from reviews or testimonials by previous customers.

Cheap travel insurance is useful if it does not have  hidden terms and conditions. The policy guidelines should explain the policy provisions in detail. This way, when you are in a foreign country, you can interpret the policy details and do not have to worry about contacting the insurance company for clarifications.

Assess the valuable items in your luggage or items that you carry, and check the risk of flight cancellations. Based on these details, you can get a good idea of the extent of coverage you need.

Another important consideration when purchasing cheap travel insurance is the length of your stay. If you are not sure of the length of your stay, make sure you obtain a policy that offers extensions at a minimal premium. Some policies offer single day extensions as well.

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