Post Last Modified – February 20, 2021
Helpful Tips For Purchasing The Right Travel Insurance Policy
Table of Contents
I’ve always said for years that if you can afford to travel, you can afford travel insurance. Below, are a few Travel Insurance Tips For Purchasing the right policy for your specific travels and current health.
It’s important that you know exactly what’s covered and what’s not when purchasing your insurance for travel. Let’s have a look at a few important things to you should take into consideration. But first, check out this quick video from CNBC Television on Buying Travel Insurance.
CNBC Television Travel Insurance YouTube Video
Selecting The Right Coverage For Your Current Health
Travel Insurance Tips For Purchasing #1
This is perhaps one of the most important things you must know and be able to provide to your insurance agent at the time of purchase. It is especially so for us baby boomers and more mature adults.
Do you have a pre-existing medical condition that must be disclosed?
This can greatly affect your coverage or depending on the severity, exclude you from any coverage at all. It’s vitally important that you check with an insurance agent to ensure you can be covered for your pre-existing medical condition.
There are usually set time limits associated with this, so make sure you fall within their guidelines!
Coverage For Your Specific Travel Destination
Travel Insurance Tips For Purchasing #2
Depending on your intended travel destination, there could be travel advisories or restrictions in effect. These restrictions could be associated to safety concerns, political issues, weather warnings and so forth.
So it’s always good to check with your local government websites on any specific travel advisories for your intended destination, prior to booking your journey.
Tips For Buying Travel Insurance For Risky Activities
Travel Insurance Tips For Purchasing #3
This is something often overlooked by most everyone, and is especially important for those active and extreme travel enthusiasts! Depending on what you have in mind and how extreme the activity may be, you many not be covered for any medical emergency that arises.
You may have to add a special peril to your coverage if say for instance, you plan on Bungee Jumping, Sky Diving or Driving a Race Car! 🙂
As an avid Scuba Diver, I always double check that my medical insurance will cover this activity when I’m traveling abroad. I know that many insurance companies require Scuba Divers to be formally certified in order to be covered.
Buying The Best Travel Insurance For Long Term Stays Abroad
Travel Insurance Tips For Purchasing #4
This is important, as it can possibly save you a great deal of money in the long run. Do you travel multiple times of the year, or are you one of the lucky ones (Snowbirds) who possibly escapes to a warm destination for the winter?
Then definitely look into an Annual or Multi-Trip Coverage with your insurance provider.
We always purchase an annual plan to a maximum amount of days away at a time. This saves us a considerable amount of money from having to purchase coverage for each and every trip we take.
Travel Insurance Coverage Tips For Baggage
Travel Insurance Tips For Purchasing #5
Again, depending on where you’re traveling to and if multiple flights are in your travel plans, then it may be worth your while to purchase baggage insurance coverage.
It doesn’t cost much to add this inclusion into your policy. Should you arrive at your destination without your luggage, within hours in most cases, your coverage will allow you to purchase clothing and items needed up to a certain dollar limit.
Recently, we had a family member travel from the cold winter in Canada to a sunny and hot tropical holiday destination, arriving without their luggage in hand.
Not good when you don’t have your bathing suit or light clothing for a few days after arrival. Worse yet in the most extreme case, your luggage possibly becomes lost for good!
With the convenience of cell phones and digital cameras these days, it’s always good to take a picture of your luggage for insurance claim and tracking purposes.
A few seasons back, our son traveled abroad with his luggage gone awol. It took months for it to be traced and returned. That’s his returned bag many months later in the photo above! 🙁
When we’re heading on a tropical vacation, we always pack beach clothing and other items into our carry on baggage just in case!
Trip Cancellation & Interruption Insurance
Travel Insurance Tips For Purchasing #6
We all know when we least expect it something always seems to happen, and especially while we are away from home. Should you need to cancel your journey for a specific reason or have it interrupted for a number of reasons while traveling, then trip cancellation and interruption insurance can be very worthwhile should the need arise.
It’s definitely worth checking into for the small additional cost added to your policy, especially if you’ve spent a great deal money for your vacation!
In concluding, travel medical and other related insurance is vital when traveling abroad or elsewhere. Should you become ill or injured while away, your medical and hospital bills could cost you thousands of dollars a day without any coverage.
This is something you never want to take any chances with and be caught without when away from home.
Many credit card companies offer insurance coverage associated with their cards. In fact, for years now, we have had such a card that offers medical, luggage loss, trip cancellation, trip interruption and rental car collision coverage.
This is great, but do make sure you double check with your card provider exactly what is and what is not covered in their plan!
I always make sure I have access to their coverage and contact numbers on hand when I travel. I usually email all my important documents to myself for easy access if needed.
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Below, I’ve included a link to Pacific Blue Cross to their page on travel insurance purchase mistakes to be avoided. Just another good read for helping you select the right coverage for your travels.
🏥 Pacific Blue Cross – Buying Travel Insurance Mistakes
Update September 2020
We’re all worried and wondering about travel restrictions for the upcoming winter holiday season. Many travel companies and airlines are now partnering with Insurance Companies, to inspire people to book their travel with them.
Below, is just a sample of the daily emails I am now receiving in my inbox. This airline is offering free Covid-19 coverage and assistance plan if you choose to book a complete vacation package with them.
They are offering to cover emergency medical and quarantine costs related to Covid-19 while traveling. A great incentive for sure, but who wants to catch this illness in the first place. I’m not sure, I’m ready to travel in a plane to a foreign destination at this point. Hopefully, that will change in the very near future!
Update February 2021
Many concerns have been raised regarding your travel insurance coverage relating to the Coronavirus pandmeic. It’s vital that you understand and review the small print on your travel insurance well before travel.
Many airlines, vacation packages, cruises and so on, have recently introduced Covid-19 travel protection. This is great, but as one travel expert recently stated – you still have to be clear on exactly what that coverage includes. For example, your local government may have a travel advisory in place for your chosen destination warning against all but essential travel. This could very well exclude your coverage.
It’s important to read your policy documents and to call to confirm what is and what is not included. If you purchased your policy before the corona virus outbreak as many have when buying an annual policy, changes may well have occurred to your coverage. Check official websites for policy changes or contact your provider for more details on such changes that may have occurred.
As well, if your government has no warning regarding travel to a particular destination but you decide to cancel anyway, this would be considered as a voluntary cancellation by you and unless you have a specific cancellation clause in effect, your insurance policy would not cover you.
Would I be covered for coronavirus if I buy my travel insurance now?
That’s the most asked question of late and for more detailed information regarding this, I’ve included a link to the British Columbia Automobile Association and their specific page on travel insurance in regards to the coronavirus.
☞ COVID-19 TRAVEL INFORMATION
Again, always read the fine print and discuss your policy with a professional to avoid any unexpected surprises when traveling.
Safe and Healthy Travels! 🙂
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