Travel insurance How to get the cheapest travel insurance

Travel abroad requires travel insurance and many offer competitive prices

If you are an uncomplicated traveler, you are likely to buy insurance from your travel agent. However, if you travel more than twice a year, having one-year insurance is much cheaper than buying one each time you travel.

Think before, plan ahead. The annual travel insurance is paid only with a few trips. But not all insurances have the same value and as always, the cheapest is not necessarily the best. More on that later.

An annual travel insurance is not compulsory but provides security in the event of illness, loss or damage to property and many other events. Where is the best place to take out annual travel insurance?

1. Your bank is probably the first place to try. In recent years, banks have become very competitive and can offer better rates to sustain their business. For example, my bank has updated my current account on a premium account, so you pay $ 20 a month.

As a result, you receive several perks, including comprehensive and free travel insurance. But here's the best ... you get all this free travel insurance, not just for me, but for every family member traveling with me, including my parents and siblings.
As said free because you already get other benefits worth more than $ 20 a month if I buy them one at a time. you also save a lot of time because I never have to seek insurance. So do not ignore your bank.

2. Credit card companies offer similar insurance with additional benefits. In the event of theft or loss of your credit card, you will often receive an emergency card within hours.


In addition to travel insurance, checking the terms and conditions of your credit card company has another advantage. When you book your trip with your credit card, almost all card companies offer excellent coverage for many of the problems that occur.

Some credit card companies also have travel departments that not only offer discounts, but also provide better protection - better travel insurance and significantly lower travel costs. lower. Please note, however, that all insurance offers prevent you from claiming the same item from multiple sources, even if you have multiple coverage.

For example, suppose you purchased travel insurance separately and purchased your travel ticket with your credit card. If you lose your luggage, you can almost certainly use one of two sources, but not both at the same time.

The reason is that insurance companies have suffered massive fraud in recent years. Authorizing multiple claims only encourages fraudsters to claim multiple insurance claims and make multiple claims.

For example, they can carry a damaged suitcase on a long journey and know it is collapsing. You can then claim damages and property damage from several insurers.

3. Insurance companies are a popular and obvious source of annual travel insurance. If you drive a car or have home insurance, ask your insurance company for an offer. Remember that your car insurance often gives you a big discount because you are already a customer.

Here is a tip: If you are not competitively insured, tell them you are looking elsewhere for a good deal. Tell them you are looking for a package that includes excellent home insurance, excellent travel insurance and good car insurance.

Listen, the fear of loss will make her sit back for you, and if not? Here's another tip: If you're talking to another source of competitive travel insurance, be sure to mention your other assets that you could insure with them, such as: Your car, your home, the contents of your home, etc.

It does not work with travel agencies, but it absolutely works with most insurance companies. I have done this many times and saved thousands, if not thousands, in recent years.

The insurance industry is extremely competitive. For once it works for the "little one" (you and me), so we use it.

4. Some types of home insurance may provide annual travel coverage. Pay attention to almost every insurance cover you have. Some home insurance policies include forms of travel protection that include the loss or deterioration of your property during your absence.

Tip: Even if you live with your parents, ask them to review the guidelines for you. You'll be surprised to see that even "your" property is covered when you move away from home.

Just a word of caution: Do not assume what is covered or how strong the cover is. If you are not sure, just ask the insurer. If the report you are describing is even better than you expected according to the policy document, ask them to write their clarification in writing.

Because in the case of a major incident, the insurer sends a local expert for damage assessment. These types are called damage adjusters. Your job is to save money for the insurance company. And I tell you from bitter personal experiences that they do not make prisoners.