Hunting for the best travel plan can be time-consuming and often results in despair. Because there are so many insurance companies out there, offering nearly the same coverage for international and domestic trips, it’s not an overstatement to say that purchasing travel insurance online is hard.
This is primarily because to shop insurance like a pro, one has to achieve two crucial things — smart planning and savvy comparison — both of which will be discussed here. Here’s how to ace your insurance-hunting journey!
Before you buy the policy
Assess your needs: Do you need basic medical coverage, trip cancellation protection, or comprehensive coverage for everything from lost luggage to emergency evacuation? Consider your destination, activities, and potential risks.
Check existing coverage: Credit cards, health insurance, and homeowner’s policies may offer travel-related benefits. Identify any overlap to avoid overpaying.
Set a budget: Travel insurance typically costs 5-10% of your trip cost. Determine how much you’re comfortable spending.
Comparison shopping when buying
Use comparison websites: Aggregators like Bjak and other websites compare plans from various insurers side-by-side. Filter by needs, budget, and destination.
Read reviews and ratings: Check independent review sites and forums for insights on specific insurers and plans.
Visit insurer websites: Don’t skip direct quotes from major insurers like Zurich Travel Insurance, Allianz, AIG, or AXA. They might offer competitive rates or unique coverage options.
Choosing the right travel plan
Focus on coverage, not price: The cheapest plan might not be the best. Prioritize the benefits that matter most to you, like medical evacuation limits or trip cancellation reasons covered.
Understand exclusions and deductibles: Read the fine print! Some plans exclude high-risk activities or pre-existing conditions. Deductibles are amounts you pay before coverage kicks in.
Consider add-ons: Customize your plan with optional coverage for gadgets, rental cars, or trip extensions.
Pro tips to purchase travel insurance online
- Buy early: Pre-existing conditions might be excluded if you buy close to departure.
- Declare pre-existing conditions accurately: Non-disclosure can void your coverage.
- Read the policy carefully: Understand coverages, exclusions, and claims procedures before you buy.
- Keep documentation: Save booking confirmations, receipts, and medical records for potential claims.
Remember, travel insurance is a valuable investment for peace of mind. By following these tips and doing your research, you can purchase the perfect plan online and become a travel insurance pro! Happy travels!
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Get your free insurance quote from Bjak today!
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