8 Questions You Should Be Asking about Your Travel Insurance

8 Questions You Should Be Asking about Your Travel Insurance
8 Questions You Should Be Asking about Your Travel Insurance

1Who underwrites the policy and regulates the company?

When you plan a vacation, you might not think you need to get insurance for your trip. However, it’s a good idea for many reasons. Nothing is worse than going on a trip and losing your luggage, or getting sick or injured while on your trip. Or even getting sick beforehand and not being able to go.

You will want to not have to worry about the financial hassles of any of these things, and travel insurance might be the answer. However, you have to be careful and make sure you get a legitimate policy when you purchase travel insurance. To ensure you don’t give yourself even more headaches in the long run, here are the questions you should be asking before you buy your travel insurance.

1. Who underwrites the policy and regulates the company?

There is a lot of fraud happening in the travel insurance world, so it’s helpful to ask who regulates the insurance company and what the license number is. This way you have some assurance that the company is on the up and up.

In addition, there are underwriters on travel insurance policies. The company you’re purchasing the insurance from isn’t actually providing the insurance, so for added security it’s good to check on the underwriter just to make sure they are also doing well. Check with A.M. Best to see what the underwriter’s rating is. If there is no rating, then you know there might be an issue.

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