How to find affordable travel insurance

Get the coverage you need when you travel without spending too much.

11:16 13 January 2013

Travel insuranceis one thing that you cannot take for granted when going on a major trip. This protects you from unforeseen but sometimes, unavoidable events that may leave you penniless while you’re away from home.

Taking out a travel insurance policy is generally easy. However, finding the best yet most cost-effective one will require a bit of time and research.

 

The key here is shopping for travel insurance quotes online and making comparison before you purchase so you’ll only pay for the type of coverage you need.

If you plan to travel for a short period of time, standard plan maybe best for you. This usually provides cover for theft, missed flights, and medical/dental assistance.

 

However, if you intend to travel for months, a comprehensive insurance is highly recommended. Depending on your need, you may take out a policy that covers not just the basic. Know the travel risks that you’ll be exposed to when you travel and get appropriate coverage.

If you’re travelling several times per year, you can also save by getting a multi-trip policy. This is much cheaper compare to getting single-trip policy each time you go on a trip.