As the clock struck midnight on December 31st, 2023, people across the globe celebrated in their own manner – some with the traditional “New Year’s Resolution” and others made plans! Whether a seasoned globetrotter or setting out on the first adventure abroad, this year welcomes a world of possibilities.
Keep These in Mind When Recommending Travel Insurance
Type of Coverage
Determining the type of coverage needed aids in tailoring a policy to meet specific wants and needs. This can include, but is not limited to international emergency medical, trip cancellation and interruption, baggage, and much more.
Pre-Existing Conditions
Some policies may exclude coverage for pre-existing conditions, while others may offer the option of a stability period.
Coverage Exclusions
Educate yourself on conditions, exclusions, and limitations to better understand what may or may not be covered.
Claims Process
Familiarize yourself with the claims process. Understanding the necessary steps required to file a claim will come in handy during an emergency.
Eligibility Requirements
The eligibility requirements may vary depending on the policy at hand. This criterion is crucial when exploring options.
Cancel For Any Reason Coverage
Most often purchased within a certain time after booking travel plans, Cancel For Any Reason (CFAR) may grant the option to cancel a trip for a reason not covered under the regular policy. This coverage often comes with specific conditions unique to each policy.
Top-Ups and Extensions
Depending on the type of policy, top-ups or extensions may be available should something come up to lengthen an annual or one-time trip.
