Buying Travel Insurance- A Complete Guide

Most people over the age of 65 and those suffering from pre-existing medical conditions often feel that they cannot get travel insurance, thus limiting themselves to their home country. However, that is not true at all. Even though most insurance companies generally do not provide travel insurance products to people who are suffering from certain medical conditions. If you are over the age of 65 or already have a serious medical condition, yet wish to travel abroad, there are many ways to get a good travel insurance policy. Here is a brief guide to help you get an insurance policy that is affordable and convenient for you:

Travel InsuranceComplete

Know How the Premium Is Calculated

Before you sign up for any travel insurance policy, you should know the factors that determine the amount of premium that will be charged. There are certain companies, such as Medical Travel Compared, that allow you to buy an insurance policy online. These companies generally tailor their products for people who are already suffering from pre-existing medical conditions and related issues. However, most people often have this misconception that the premium is calculated based on the severity of their condition. That is not entirely true. In fact, some of the factors that determine the premium include the duration of your trip, the destination, your current health status and your age.

Travel Insurance Premium Calculated

You must provide accurate information to the company when filling out the application. Most companies will require you to go through an independent medical screening before the insurance policy is granted, or you may be required to provide documented proof in order to support your claim about certain medical conditions. Therefore, it is very important that you provide accurate information to the company.

Travel Insurance company

Selecting the Policy

Once you know how the premium is calculated, the next step is to select the policy. Insurance policies are of many different types. You need to decide the kind of policy you want for yourself. For instance, if you are not looking for medical cover, do you want cover for cancellation and curtailment of your trip? Do you want protection in case your belongings and personal items go missing on holiday? Or are you looking for personal liability insurance in case you end up causing an accident on your travels and want to protect yourself?

Travel Insurance Policy

The type of policy you buy will also have an impact on the amount of premium you will pay. These are just some of the factors that you must keep in mind before applying for an insurance policy. Generally, it is recommended that you use an online comparison tool in order to compare the different policies and get an idea of how much you will have to pay. Online comparison tools are designed to make your life very easy, since you can easily compare different policies and get an idea of the total price that you will have to pay for the travel insurance policy. This is a brief guide to help you choose the best policy for yourself!