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While the cost of travel insurance may be the easiest to compare, it should not be the only factor considered when purchasing travel insurance.

Comparing travel insurance policies can be overwhelming with many different providers, plans, and options available. Below we share important points to consider when shopping for travel insurance, other than the price.

Review Your Policy Wording
When purchasing a travel insurance policy it is important to review the policy wording. The policy wording describes your benefits, limitations, terms, and conditions. It will help you understand what is covered and what is not.

Policy Limits
Travel insurance policies will have limits. Some benefits within the policy have specific listed limits. Reviewing these limits will help you understand the coverage available to you. If there is a specific area of concern, you can see if the policy covers it.

Policy Benefits
The policy benefits will cover losses arising from sudden and unforeseeable circumstances. Different policies offer different benefits. Based on your insurance needs, one policy may be better than another.

Exclusions, Limitations, Terms and Conditions
Every insurance policy will have exclusions, limitations, terms and conditions. These outline what is not covered or what may be limited by the policy. It is important to understand these terms as some exclusions may apply to certain medical conditions and situations. Check that they meet your insurance needs.

Furthermore, policies will have exclusions and limitations around pre-existing conditions. Some may offer coverage for pre-existing conditions, however, they may impose conditions around the stability and type of condition. This is important if you have a pre-existing condition, take medications, or are seeking medical attention/treatment for any conditions.

Seek the Advice of an Insurance Professional and Ask Questions
When purchasing travel insurance seeking the advice of a licensed insurance broker can help you in navigating the options available to you. They can compare various options, provide you with quotes and answer any questions that you may have related to the policy and your insurance needs.

Connect with a licensed insurance broker to learn about the options available. If you are looking for a licensed insurance broker near you, contact our Support Services Team who will be happy to assist you – 1-855-566-8555.