YOU ASK:

How to find the cheapest travel insurance?

WE ANSWER:

With the presence of the Internet, you are now able to get the best value for your money when it comes to buying travel insurance. Please note that the cheapest travel insurance may not actually be the best or may not fully cover for the items you want covered during your trip. Why scrimp on a few dollars when you have spent quite an amount of money for plane or boat tickets, hotel reservations and other travel-related expenses?

You will want to ensure that your "investment" on the trip is safe and that you will not be forced to say "goodbye" to what you have already spent in the event that you need to cancel your trip or cut it short due to emergencies. There are many things that can happen before you leave and even during your trip. You may miss your flight, the airline or cruise ship line may go bust or you may get sick while you are traveling.

Here are some tips to help you get the most value for your money when it comes to buying travel insurance:

  • Check for existing cover. Your employee-benefit plan may already cover you for some of the eventualities. There are also some credit cards that provide free travel insurance when you book your trip using that credit card. However, it is advisable that you take a look at what is being covered to make sure that the insurance is fairly comprehensive and will fit your needs. Also, if the trip you are making is business related, your employer may be paying for coverage.
  • Buy the right kind of policy. If you are traveling as a couple or as a family, it may be cheaper to buy Couple or Group Travel Insurance. If you are traveling often during the year, you can also buy an annual travel insurance policy. If you travel only a few times a year, you should buy a single-trip policy.
  • Let your fingers do the researching. Look up the different travel insurance products offered in the Internet. Most websites that sell travel insurance provide you with quotes of their product offerings.
  • Look for tie-ups. Some airlines and cruise lines tie up with travel insurance companies to provide their customers with discounted travel insurance policies.
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