Travel insurance is important when it comes to planning your travel, but with so many travel insurance plans out there, how does one know which one to choose in order to save money? Read on to find out how you can save on your travel insurance plan.
Don’t insure refundable costs:
When booking a trip, you will find that some costs are fixed while others are refundable. When it comes to travel insurance, refundable costs are not covered so you need to make sure to leave them out of your plan as they are unnecessary and will only raise your premium.
Think carefully about whether you will need car rental coverage:
Car rental coverage is often included in a travel insurance plan, but it’s often not necessary. Your car insurance company may already cover this, so it is not necessary to cover it again with your travel insurance plan. Find out whether your regular car insurance covers rental cars and decide from there.
Don’t buy your travel insurance from a travel supplier:
When using a travel supplier such as a cruiseline or airline site, rather do not tick the ‘travel insurace’ box as it is likely that there are certain details which you are not aware of. By using a comparative platform such as LikeMoney, you are able to see exactly what each insurance company has to offer, including potentially necessary upgrades and perks.
Avoid over-insuring your emergency medical evacuations:
It is better to choose your coverage based on your destination and distance travelled, rather than spending a fortune on evacuation coverage. While it is necessary to take out this type of cover, you shouldn’t spend more than you really need to. This will result in a premium which is highly inflated and more than it should be.
For more information on the different types of travel insurance plans, use LikeMoney’s comparative platform which will tell you everything you need to know about the different types of travel insurance.