Five things to understand before buying a family travel insurance policy

In today’s fast-paced times, people tend to forget the importance of family time. However, these are the precious moments you shouldn’t skip. If you haven’t been able to spend time with your family lately, don’t wait for the right moment. Plan a trip with your family and surprise them.

However, when you’re planning for a holiday abroad, you must consider all safety measures as well. Hence, opting for a family travel insurance policy is a must. Unfortunate events can occur anytime and anywhere. This is a trip that you must have planned with all your heart and with the intent to spend quality time with your loved ones. Therefore, it is advised that you go for a travel insurance plan that provides adequate coverage.

Here’s a list of five things you should be aware of before buying a family travel insurance policy:

  1. Policy type

There are various types of policies for different purposes, such as a single-trip, multi-trip, year-long travel, etc. If you’re planning to opt for an individual trip plan, buy one with extended duration and not the exact length of your trip. This way, even if your trip duration exceeds due to delays, etc., your policy will remain valid.

  1. Medical conditions

When you’re purchasing a travel insurance policy, you need to disclose your pre-existing diseases to the insurer. Not all travel policies cover pre-existing medical conditions so it is important to clarify this at first. The insurer may charge you an extra premium to add a specific condition to the coverage.

  1. Deductibles

A deductible is a specific amount which you have to pay as the insured individual for your claim to be processed after which the insurance company pays the remaining amount. Before you purchase a policy, always check the deductible amount to be paid.

  1. Inclusions and exclusions

It is vital to check what your travel policy includes and what it doesn’t. This also varies with the types of policy you opt for. Coverage provided by travel insurance for senior citizens varies compared to other policies as it has been designed to cover specific needs of the elderly.

Inclusions: Medical and hospitalization charges, loss of luggage, compensation on trip cancellations, flight delays, and personal liability, etc.

Exclusions: Medical coverage with expired policy, pre-existing conditions unless clarified earlier, and involvement in harmful or illegal activities, etc.

You must check the coverage offered by your policy and see if they provide coverage for basic features. Your premium also depends on your coverage type.

  1. Claims procedure

To raise a claim, you are supposed to inform the insurer about any incidents at the earliest. Next, you have to fill in a few claim forms and submit the required supporting documents for the claims process to begin.

Purchase travel insurance online

If buying an insurance policy through the traditional offline method seems like a lengthy procedure to you, simply visit your preferred insurance company’s website and purchase the policy online. One of the many perks of buying a travel insurance policy online is that it will provide you with immediate and accurate quotes. However, before buying a family travel insurance policy, run a comparison test of policy covers offered by different insurers and read their terms and conditions thoroughly.

It is effortless to buy a travel insurance policy online. All you need is a laptop or a smartphone with an active internet connection and you’re good to go. You can look for customized travel insurance solutions without being hassled from the comfort of your home.