YOU ASK:

Which is the best travel insurance plan?

WE ANSWER:

With the number of travel insurance plans available in the market (and when you search through the Internet), it is often hard to choose which travel insurance plan is the best for you. What complicates matters further is that every traveler is unique and has different needs. One may be worried about possible accidents during a skiing trip, while another is worried that he may get another stroke while he is traveling. Still another may be worried about cancellation fees in the event that there is an emergency on the home front.

To choose the best travel insurance plan, here are a few simple things for you to do:

  • Shop Around. To get the travel insurance plan that's best for you, use the internet to research and compare the different providers and plans. This way, you can find a plan that best suits your needs, as well as your budget.
  • Know your needs. Take the time to sit down and list the things that worry you with regards to the trip. Once you have the list, rate the times in order of their importance, as well as the possibility of it happening. This will help you firm up the list of benefits you want in a travel insurance plan. For example, you may be worried about getting an ulcer attack (since you have experienced one lately). In this case, you can put the possibility of getting sick on top of your list.
  • Determine the amounts you stand to lost in case you have to cancel your trip. These include non-refundable airline and cruise tickets, as well as hotel reservation deposits.
  • Know the extent of a plan's coverage. There are some policies that exclude some eventualities so it is best to know which exclusions are acceptable to you.
  • Look for a reputable provider. Not only is the travel insurance plan offering important, you should also consider the insurance company who will cover you.
  • Take time to weigh benefits vis-à-vis premium costs. Of course, you would want to have as many benefits and coverage as possible, but you should also determine whether a certain benefit is worth the added premiums it may cost.

Remember, it is important to know what you want and need in a travel insurance plan and to look for these in a travel insurance plan.

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