How to save your money while travelling abroad?

Getting insured is the best protection that you can give yourself while travelling. Travel insurance prices vary depending on the type of insurance coverage you require. It generally depends upon factors like place of travel, number of people, baggage, and health issues while traveling etc. If you are traveling abroad, you may consider getting travel insurance and should be aware about what you will need to cover, such as medical, baggage, cancelled flights or emergency landings.

While we often wish to cut-down the additional costs while travelling, the article gives you few tips to get the cheap travel insurance while buying a suitable travel policy.

•Don’t just assume lump-sum amount for planning your travel policy. After all every penny matters and needs to be saved wherever possible. So, plan your insurance policy realistically, and think about the amount of coverage you will require. Many travel insurance companies will try to cover you for an unnecessary amount of money, so try to lower your amount of coverage to a realistic amount to save more money.

•Consider looking into customized travel insurance policies if you are traveling as a family, are over 65 years old or you have a pre-existing medical condition. Family travel insurance is always cheaper compared to buying insurance for each individual. If you are over 65 years old, you could also be eligible for discount. A better way to buy cheap travel insurance.

•Precaution is better than cure, it’s always better to read the fine prints and know exactly what your policy covers and the amount of your coverage. Make sure that you are not paying for anything that you do not need or want.

•Whenever you’re in a situation to take any crucial decision while abroad it’s better to contact your travel insurance company and check if it’s not incurring unnecessary charges and affecting your policy. Before you seek medical attention in another country, cancel any part of your trip or pay medical bills, speak with your travel insurance company.

•Keep all your travel insurance documents in a safe place and have them in a convenient place when you are traveling so that you can refer to them at any moment. If possible have a copy of each in your online account.

•File the necessary claims as soon as possible along with all the relevant documents, so that you can be reimbursed quickly.

•Online research is the best way to get cheap travel insurance. Do ample research and find out what kind of insurance you will need and the amount of coverage you need. Travel insurance will generally cover cancellations, lost baggage and medical expenses, so decide if it is in your best interest to get insurance and how much.

•Try and speak to few different travel agents to get a quote on what they will charge you for travel insurance, and then do your own research using the internet to see if there are incurring any extra costs. There are many websites that offer travel insurance, and there are even websites that will compare quotes from various companies to help you find the best deal.

•Decide whether you will need annual or single-trip travel insurance. Annual insurance is definitely one of the ways to cut down the additional costs. If you plan on traveling overseas often in a year, you may consider annual travel insurance because you may get cheap travel insurance deals.

[Source: https://cheaptravelinsuranceindia.wordpress.com/2015/08/26/how-to-save-your-money-while-travelling-abroad/]