Not all travelers have insurance. In fact, if they know the price of travel insurance is not expensive, they will definitely want to buy it. Especially if they understand the many benefits they can get.
For millennials, having travel insurance is like a necessity. They are strongly associated with a generation that loves to travel. The frequency of millennial generation holidays is very high. It's different when compared to the previous generation.
That's why insurance seems necessary. No one knows that bad things can happen while traveling. And it must be anticipated, such as accidents that make them have to be hospitalized, lost their belongings because they were stolen by people, and other risks.
Are you also a person who likes to travel ? If so, you will be surprised to learn about travel insurance premiums. Not expensive at all. In fact, there are insurance premiums that range from hundreds of thousands. And you know the value of the coverage? The value can reach tens of millions you know.
Of course, you must first know what factors are used to determine the price of this travel insurance . This information is important for you to know so that you do not make the wrong choice.
5 Determinants of Your Travel Insurance Premiums
There are at least 5 factors that affect the premium or price of travel insurance. What are the five factors?
Type of Travel
The premium is largely determined by the type of your trip. Whether you are traveling within the country or abroad. For domestic travel, the insurance premium may be lower than the premium for international travel.
However, you also have to remember that it's not just the type of trip that determines the price of travel insurance. There are 4 other factors. And each factor also has an effect.
Destination Country or City
After you determine the type of trip, the insurance company will ask the destination city. Why does this determine insurance premiums? Because the city you go to determines what risks could occur. Is the city prone to accidents? What about the risk of natural disasters? Things like that are taken into consideration by insurance companies in determining travel insurance premiums.
Preferred Package
In this section, you will be asked to specify whether it is an individual plan or a family plan. Usually, family plans are much cheaper than individual plans. Cheap in terms of premium cost per person.
There are also travel insurance companies that provide other options. For example group travel packages. This is usually offered to companies that have highly mobile employees.
Capacity
The determining factor in the price of travel insurance is capacity. Is it 1 person or more.
Travel Time
Insurance premiums are determined how many days you will travel. There is also one year travel insurance. So, you don't need to apply for travel insurance. Because in one year, you just have to go where you want to go. This is suitable for you to choose if the frequency of your trips during the year is very high. Especially overseas trips. You will really need this travel insurance.
After having this insurance policy, you can be calmer when traveling. The risk of experiencing a loss such as an accident or loss of goods while traveling will be borne by the insurance company.
However, there is something you need to know. That is the risk that is not borne by the company.
This risk is not covered by the travel insurance company
Not all losses are borne by the company. One of them you get sick because of taking illegal drugs.
Some people who travel abroad feel free. Free to consume liquor, for example. However, if you have an accident or get sick because of this, it's useless to have travel insurance. You cannot file a claim so the medical costs are covered by the insurance company.
Another risk that is not covered is miscarriage. Are you pregnant and want to take a vacation? Be careful, ok. If it turns out that something bad happened, such as a miscarriage, you can't make a claim.
Likewise with losses due to natural disasters and acts of terrorism. Some insurance companies do not cover losses because of these two things. However, you can find a travel insurance company that covers these two things. However, it is possible that the price of travel insurance that you have to pay is slightly more expensive.
Of course insurance premiums are not a problem. Especially if you want to visit a country that is prone to terrorism or natural disasters. Instead of you experiencing more losses, it's better to pay insurance premiums, right?
For more details about how much you have to pay to have an insurance policy, you can check the premium check product page. On this page, you can simulate how much travel insurance premiums you have to pay.
When doing the simulation, you will be asked to enter some data, such as the type of trip, destination city, package choice, capacity, and also the length of your trip. After you fill in all the data, you will know how much you have to prepare.
After that, please fill out the form. Because on the website too, you can apply for travel insurance online. Fill in the registration form. Pay insurance premiums via bank transfer or use a credit card. Hardcopy of insurance policy will be sent to your home address immediately. Easy, right?
What are you waiting for? Check travel insurance prices now. Have a policy before you travel. Make your trip more calm, safe and comfortable.