How to Compare Travel Insurance – Levels of Cover, Benefits & More
Comparing your travel insurance choices is often the best way to obtain the most
competitive travel insurance cover for your trip. But what sorts of things should
you compare and review? And how can you be sure your chosen travel insurance could
mean the ultimate care-free journey?
1. Levels of Cover
When comparing travel insurance packages, it is beneficial to understand how much insurance
cover you need.
- Make a list of all the areas that you want insurance for and decide how much cover
you need for each (e.g. $2,000 or $10,000?). This can make it much easier to see which
providers can give you the level of cover you are looking for
- Cover you might want to make a priority in your policy can include: medical,
hospital, baggage, valuables, trip cancellations, emergency flights home, delays (travel
or baggage), sports/activities equipment or business equipment
2. Pre-Existing Medical Conditions
- When comparing your travel insurance choices, consider the terms each provider
has about pre-existing medical conditions; it could be beneficial to look for a
provider who is more accepting of your condition than others
- Providers who don’t require medical certificates and documentation upfront
(i.e. until you make a claim) can also make the comparing and choosing process
3. Medical Cover
Medical cover is one of the most standard inclusions in all travel insurance policies.
However, it is a good idea to compare the different medical entitlements and limits offered
by each provider and to make sure that the medical coverage you choose will satisfy your
4. Sports & Activities
If you will be engaging in high risk sports or activities during your trip, it is important
to secure cover for these also.
- When comparing your travel insurance choices, consider which policy or upgrade
will bring you the most beneficial cover for your intended activities
- You should also keep an eye out for various limits placed on your chosen activities,
such as diving to a certain depth or white water rafting to a certain level
Excesses are sums of money you will be required to pay before your travel insurance provider
will begin paying your claims.
- Comparing excesses is usually quite easy and will give you an idea of which provider
offers more competitive excess amounts
- You can also look out for providers that offer flexibility in the way of excess
waivers (so you won’t have to pay an excess when claiming) or increased excesses (to keep
your premiums down)
Exclusions will be common to most policies. You should be able to compare your travel
insurance exclusions by reviewing your policy and your Product Disclosure Statement.
7. Additional Benefits
It's often the small things that count! Additional benefits included in your travel insurance
can make it all the more appealing. You might want to consider looking out for 24/7 emergency
support, free cover for children, easy approval and claims processes.
The Product Disclosure Statement (PDS) can also assist in comparing which level of cover is
right for you, so make sure to read this or contact our customer service agents before you buy
to understand your options.
If you need help comparing your travel insurance choices or simply deciding what type of
cover is right for you, InsureandGo can help. Get in touch
with our friendly travel insurance team today!
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- Global brand covering over 1.6 million travellers per year.
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- Cover up to the age of 100
- 24 hours emergency assistance
- All medical conditions considered
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