Definition of travel insurance
What is travel insurance?
Travel insurance is a document that you buy that protects you from some of the financial risks and losses that can occur while traveling. These losses can be simple, such as a delay in the travel bag, or the losses are large, such as canceling a trip at the last minute or becoming ill abroad and becoming required to pay emergency medical expenses.
1. Never buy from brokers.
Do not purchase a travel insurance policy from a travel agent, tour operators or airlines as this will definitely cost you more than purchasing the insurance policy directly from the insurance company.
For your information, the cheapest travel insurance policy you will get is when you purchase the insurance policy online and directly from the insurance company.
2. Tolerance ratio
The proportion of endurance have a significant impact on the price of the insurance policy, and you should take a first light on the definition of endurance ratio: –
insured: is the person student insurance.
The insurer: the insurance company,
the deductible percentage, is the percentage that the customer bears of the compensation when the danger occurs, and the deductible percentage is used mostly in car insurance, medical insurance, and sometimes fire insurance . The deductible value is only borne by the insured, and what is more than that is borne by the insured, who is the insurance company. .
For more on the tolerance rate,
What is the benefit to obtaining a cheap travel insurance policy, but when the danger occurs (injury in an accident) and the treatment cost is $ 600, the insured will ask you (company Insurance) pay an amount of $ 150 as a deductible percentage, and the insured (the insurance company) pays $ 450.
Please note that if you were exposed to a robbery accident while traveling and this accident led to your injury, you will pay a percentage of the stolen bags, for example, $ 75, and you will bear your share of the cost of treatment, as we explained above.
You must know before purchasing the travel document what is the liability percentage in each claim in the document, for example what is the deductible percentage in the case of urgent medical expenses and in the event of loss or delay of travel bags and in the event of the loss of the personal passport for a reason other than negligence and in the case of any other claim explained in the document .
And again, the higher the deductible percentage, the lower the insurance value (the insurance policy price), and the lower the deductible percentage or it was zero, the greater the insurance value (the insurance policy price) .
3. Check what is actually covered by your home or bank insurance policy
Often a home insurance policy against theft and fire includes personal property insurance when you are away from home, so you can unsubscribe from home insurance cover while traveling in a travel insurance policy and thus you can save money.
You may also have a credit card or checking account that includes a free travel insurance policy from the bank, but you must first ensure that the cover is sufficient to meet your needs – such “free” insurance may sometimes be essential.
4. Buy a package from an insurance company – negotiation
When you buy travel insurance from the same insurance company that you bought home and car insurance from, some companies give a discount on the price of the travel insurance policy because of your loyalty to the company.
But you should know that you will not get this discount without question, and you must also refer to the insurance company on the prices of cheaper competitors in order to get from them the best price.
5. Choose the annual cover if you travel more than three times a year
If you travel three or more times a year (or twice or more if you travel to the United States), it is likely that obtaining an annual travel insurance that covers the travel of one year is cheaper than purchasing a travel insurance policy for each separate trip. But note that annual insurance policies will not cover long trips, as they usually cover trips with a maximum of 31 days per trip.
6. Egypt is in Europe, but the United States is not in the world
You do not need to buy a global travel insurance policy for many North African countries, as Egypt, Morocco, Algeria and Turkey are located within Europe in most of the Schengen (European Union) travel insurance documents issued by insurance companies. But beware, some global travel insurance policies exclude the United States and Canada from the global travel insurance policy and issue them a special global document.
7. Look for age limits and medical exceptions
Many travel insurance policies, especially the least expensive, will not guarantee anyone over the age of 65, no matter how fit and active they are. Most pre-prepared travel insurance policies will not cover any illnesses you suffered from prior to purchasing the policy. So, for example, if you have asthma and suffer from an asthma attack while traveling to a country and your condition requires medical treatment, the insurance policy will not pay for your treatment expenses. Tell your insurance company about any permanent illness you have and answer questions honestly. Some insurance companies may then agree to cover some diseases in exchange for a small additional premium, or if your health condition calls for insurance against your current illness before traveling, then go to a specialized insurance company.
Advice Do not lie to the insurance company because this exposes you to canceling your travel insurance policy permanently,
8. Even horseback riding is an adventure and a dangerous activity
Many insurance policies exclude “risky activities” which can include horseback riding, diving, water skiing or mountaineering. If you travel to a country and want to ski, for example, make sure that your insurance policy includes comprehensive coverage for winter sports.
9. Independent passengers should choose to cover flight delays and cancel it
If you tend to make your own flight and accommodation arrangements on your own rather than booking through a travel agent or tour operator, it is important that your insurance includes coverage for flight delays and cancellations, note that even five-star documents may not cover airline failures.
10. Group insurance
Insurance for a group of individuals heading to the same place and practicing the same activities is cheaper than insurance if each person goes separately and obtains his own travel insurance.
And you should know that some insurance companies give families to cover two children for free while traveling.