Income Insurance NZ Articles

Before you go on a holiday it is necessary that you buy a travel insurance to make your great holiday experience safe.

You need to be sure you have the right travel insurance for the destination you are heading, and know precisely what is in your travel insurance policy. Otherwise you could pay a huge financial penalty if things go horribly wrong.

A few tips to help you to understand your policy better and get the best deal:

1.Benefits matter:

Comparing the quotations of the of travel insurance products is not just enough.

Compare also the benefits of the cover, the exclusions on the cover and other product features.

It's useful to have a 'cooling off' period, in which you are able to decide whether or not the policy really meets your needs.

If the policy doesn't have a cooling off period you can cancel your policy for a full refund.

2.Plan it well :

If you are planning to travel abroad on more than a single occasion in a year then you can save more money by buying an annual multi-trip - travel insurance policy rather than buy a single travel insurance policy each time you go.

3.Check the other options:

Sometimes your travel agent or tour operator may tell you that you have to buy their travel insurance in order to buy a holiday from them, maybe as part of an inclusive deal.

Only take this if the total cost is rewarding, compared to buying the holiday and travel insurance separately.

In most cases you will probably find that you are paying over the odds for the travel insurance, even if it is in some sort of 'special deal'.

4.International helpline:

Carry the international helpline number of your travel insurance company with you as you.

Also, keep a copy of the policy with you, as you travel. .

5.Medical coverage:

Don't think twice in order to consider a medical coverage while traveling to another country.

In most cases it is always best to take the medical insurance, even if you are going to a country with an E111 agreement.

This agreement helps in cases of emergency, but does not generally cover routine problems.

It is also especially important if you're in a developing country with limited medical resources.

Final thoughts:

Before you get your travel insurance make sure you understand your travel insurance well. Read the offer document carefully. Take the time to read the small print on your travel insurance policy. If you have any questions on it, ask your provider about them before you finalize the deal. If the policy is family oriented be sure that it covers all the family members traveling with you. Buying duplicate coverage does not double your benefit. It wastes money and creates confusion that could actually delay payments.

Book travel insurance directly after booking your holiday, so that you are covered for cancellation. Make sure you know the insurer's terms for cancellation though. You may be able to lower your travel insurance premiums by purchasing join cover if you are traveling as a couple.

Understand the different policies for different travelers. There are single-trip travel insurance, annual, backpacker travel insurance, worldwide travel insurance, ski as well as winter sports travel insurance along with other specialty travel insurance policies.