Discount Travel Insurance FAQ's
Sydney Sunset
If you’re looking for discount travel insurance, it’s best to start with thinking about what this actually means.
In the old days, there was little option other than going into your local travel agent and picking up your insurance there. Well, the trouble with that system is the huge amount of commission paid to the agent. Add to that, the lack of real choices on offer meant you’d end up paying a lot more than you’d like, and not getting the cover you were really after.
So how have things changed for the better? Well, simply put, everything changed with the advent of the internet. Although commissions are still often paid, these are tiny in comparison to the agents fees, meaning it’s quite possible to save up to 70% in fees. That’s a huge difference.
But there’s a bit more to it than that. If you search the internet for travel insurance, no doubt you’ll find a plethora of offers, with vastly differing prices and options available. So let’s fine tune things a bit. If you’re after low cost travel insurance, you’ll have to be selective on what you’re going to be covered for. Essentially, for most of us, you’ll want to be covered for these things:
You’ll also want to make sure the insurer has solid underwriters, and any excess fees are reasonable.
If you’re the outdoor type, you’ll probably also want to be covered for adventure sports. Bear in mind, adventure sports can include things like mountain hiking by many insurers, so check with your insurer about what activities you can do under their standard policy if you’re not sure.
If you keep these things in mind, you’ll be able to get discount travel insurance that covers you for the essentials, and won’t break the bank.
In the old days, there was little option other than going into your local travel agent and picking up your insurance there. Well, the trouble with that system is the huge amount of commission paid to the agent. Add to that, the lack of real choices on offer meant you’d end up paying a lot more than you’d like, and not getting the cover you were really after.
So how have things changed for the better? Well, simply put, everything changed with the advent of the internet. Although commissions are still often paid, these are tiny in comparison to the agents fees, meaning it’s quite possible to save up to 70% in fees. That’s a huge difference.
But there’s a bit more to it than that. If you search the internet for travel insurance, no doubt you’ll find a plethora of offers, with vastly differing prices and options available. So let’s fine tune things a bit. If you’re after low cost travel insurance, you’ll have to be selective on what you’re going to be covered for. Essentially, for most of us, you’ll want to be covered for these things:
- Medical expenses overseas.
- Medical evacuation expenses.
- Loss of travel documents.
- Luggage and personal effects.
- Personal liability.
- Cancellation costs.
You’ll also want to make sure the insurer has solid underwriters, and any excess fees are reasonable.
If you’re the outdoor type, you’ll probably also want to be covered for adventure sports. Bear in mind, adventure sports can include things like mountain hiking by many insurers, so check with your insurer about what activities you can do under their standard policy if you’re not sure.
If you keep these things in mind, you’ll be able to get discount travel insurance that covers you for the essentials, and won’t break the bank.
