This week I had a need to purchase travel insurance for an impending overseas trip.
Easy enough I thought. I’ve done it all before. I’ll just go online, click a few buttons, get the credit card ready and pronto, I’ll be set.
This mindset has always worked for me in the past because I’ve never really spent a lot of money on a holiday. But this trip is a bit different. It’s my first to Europe and involves travel to four countries. Getting good cover for cancellation is important this time as I’ve invested quite a bit of my hard-earned cash on this holiday. So I decided to try an insurance comparison website.
Wow, what a revelation. Having the choices all lined up like that really sorted out the men from the boys! Who knew about the huge variations in coverage on offer? And often for a very minimal difference in policy price. I must admit that in my haste to sort out travel insurance in the past, I haven’t really bothered with the fine print, other than to make sure I had unlimited overseas medical expenses coverage (which is really important, by the way).
It got me thinking that the one click, set and forget travel insurance many of us have been guilty of purchasing perhaps doesn’t always suit our specific needs. Our requirements certainly do change depending on how long we’re travelling, how much luggage we’re taking and how much we’ve invested in our holiday.
The comparison site really opened my eyes to how complex a simple thing like travel insurance can be. But it also really helped me. I found that I could get much higher cancellation coverage without paying through the nose by opting for a bigger excess. After all, $250 in the scheme of things is chicken feed if, heaven forbid, I need to cancel my European adventure!
The moral of the story is to shop around! And don’t just assume that all travel insurance policies are the same. Comparison sites can be a good tool (as I found) but do be aware that sites will ‘partner’ with certain organisations, meaning not all providers will be compared.