4 tips for buying travel insurance

1. Consider the financial risks you face when traveling. Can you bear those costs yourself, or do you want insurance?
2. Examine what coverage you already have: Does your credit card offer travel insurance? Do you have renters or home insurance to cover belongings? What is the deductible? Will your health plan cover you in all the locations where you travel?
3. Get quotes for travel insurance online. Choose a package of the benefits you need and compare prices for similar coverage among carriers.
4. Narrow your choices and then read the policy details to understand what?s covered, what?s excluded and the limits on coverage. You may find that the lowest-priced policy is too restrictive and that paying a little more gets you the coverage you need. Or you might find that the cheapest, most basic policy fits the bill.
Unpredictability is one of the mind-opening joys of travel, but travel insurance should contain no surprises. The time you spend to understand your options will be well worth the security you have as you embark on your next adventure.

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