While travel can be a glamorous and eye-opening experience, travelers generally face myriad risks. These could be anything from accidents that cause injuries and damage luggage to abrupt trip cancellation without reimbursement. These risks could potentially lead to substantial financial losses. This is where travel insurance comes in handy. As the name suggests, the policy covers the financial losses associated with traveling.
To meet the new demands of travelers post-pandemic, insurers have revamped their product offerings to enhance customer experience. Here are a few new ways to buy travel insurance for your next trip.
- Using Artificial Intelligence Bots
Finding a travel insurance package that suits your needs is not always an easy affair, particularly because you need to have the right information concerning your trip. For instance, when traveling during the pandemic, you need a policy that will likely cover all pandemic-related incidents, including the cost of testing for COVID-19 and expenses involved in quarantining at your destination. The good news is that it is now possible to get a tailored travel insurance policy without having to talk to customer service agents or spending a lot of time on an insurer’s website. Smart bots have made this possible. These AI-powered tools provide every detail needed to determine a suitable amount of coverage. The information generated depends on the destination, length of stay, and risks involved, among other factors.
- User-friendly Price Comparison Engines
One way to lower insurance costs is by comparing quotes from different insurance providers. This is not easy as it sounds, considering there are currently more than 5,900 insurance companies in the U.S. To make the experience easier for customers, insurance companies have created websites that enable online side-by-side comparisons of insurance packages from multiple providers. Instead of visiting each site separately, checking the quotes, and proceeding to another one, you can compare quotes on one page. In just a few steps, you can easily get your preferred insurance plan. Even better, the sites allow you to filter your preferred benefits included in the packages, such as emergency medical and rental car coverage. You can also use these websites to access reviews of multiple insurance providers and learn more about the available coverage options, the best plan for your trip, etc.
- Booking a Trip Inclusive of Travel Insurance
Experts recommend purchasing travel insurance after booking your trip. However, by buying the ticket and travel insurance separately, you are likely to spend more. However, some insurers now allow travelers to purchase their policy at the time of booking. In fact, their booking costs are inclusive of travel insurance costs. This allows travelers to pay for trips and buy travel insurance in one package.
- Buying Tailored Travel Insurance Policies
Most insurance companies will require you to buy travel insurance before the trip, preferably within 15 days of making the first deposit. Additionally, insurers provide coverage for the trip as a whole instead of insuring individual components. However, some insurance companies have adopted a more flexible approach that allows clients to purchase travel insurance coverage even after departure. Also, customers can choose specific components of the trip that they want to insure. This gives much-needed flexibility to customers.
Get the Right Travel Insurance Policy with Donald Weiss Insurance Services
Are you looking for the right travel insurance to cover you while you travel? Contact the insurance professionals at Donald Weiss Insurance Services to have an expert customize a great travel policy that includes cancellation coverage.
