Whether you are travelling for a vacation, family visit or a business trip, travel is always associated with certain risks. By getting travel insurance, you can protect yourself against financial losses arising from a wide range of travel risks such as emergency medical care, lost luggage, cancelled trips and disaster coverage. Buying it online not only saves your time and money but also saves you from the hassle of extensive documentation. Here’s how to buy it online: –
Steps to buy travel insurance online:
- Find out if your current insurance provider offers it
- Research and compare travel insurance online
- Get travel policy quotes
- Review policy coverage before finalizing your purchase
- Buy travel insurance online at least a week before your departure date
- Include all travel destinations in your application
- Obtain a confirmation email from the insurance provider
1. Find out if your current insurance provider offers travel insurance
Visit your current provider’s website and check whether it is available. Doing so can help you get it at a discounted rate as most insurance companies offer discounts for buying more than one type of insurance from them.
2. Research and compare travel insurance online
Comparison and research are essential if you want the best deal in the market. Compare the coverage and features vis-à-vis the price for different policies.
3. Get quotes
Major benefits of travel insurance include getting instant quotes from all of the leading online insurers and coverage for mishaps like flight delay or loss of passport/baggage. All you need to do is visit the insurer’s website, fill in details such as destination, travel dates, age, and number of people etc. to get instant quotes. Hence it’s super easy to get a quote from all of your shortlisted insurers.
4. Review coverage before finalizing your purchase
Take some time to read the policy coverage document and ensure that all relevant risks are covered. For instance, some insurance providers may only cover emergency care but do not cover the treatment after you’ve been released. While others provide comprehensive medical coverage. So make sure that major risks like accidents, lost luggage, missed flights and trip cancellation are covered under your policy.
5. Buy travel insurance online at least a week before your departure date
It also covers risks like trip cancellation due to illness or demise of a close family member. Hence, to avoid untoward losses it is beneficial to purchase a travel insurance coverage at least a week before travel.
6. Include all travel destinations in your application
If you are travelling extensively, it is important to document all areas that you will be visiting applying for travel insurance online. This will ensure complete coverage and also help the insurance company determine the rate.
7. Obtain a confirmation email from the provider
Once you apply online and make the payment, you should receive an email confirming that your application and payment was successfully processed. The email should also list out the details of the coverage you have acquired. If you don’t receive the email confirmation, make sure to inquire about the same with the insurance provider.
As you can see, buying it online is a simple process which can be done from the comfort of your own home or on the go. Buying travel insurance online at Finserv MARKETS is a simple process, you can always be assured of quick and hassle-free claims thanks to in-house claim settlement.
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