How to find the best travel insurance

What does my policy cover?

Read up on common features of travel insurance policies — and essential extras —to find a policy that fits the bill.

What do I look for in a policy?

Rather than sign up for the first policy you see, make sure it covers your plans, lifestyle and health before reaching for your wallet:

• Coverage for pre-existing conditions. Not all insurers treat pre-existing medical conditions the same. Your policy’s description should clearly state what’s covered. If your condition isn’t, contact the insurer to discuss other options.
• Coverage for expensive items. Many policies allow you to register high-value items for additional coverage, but know the sublimit for each. You may find that you have $10,000 in coverage but a claim limit of $1,500 per item.
• Coverage for your family. Most policies allow you to include your spouse, children or grandchildren on your policy provided they are traveling with you for the duration of the journey.
• Understand depreciation. When reviewing claims for lost or damaged luggage and other valuables, many insurers consider wear and tear when determining how much they’ll pay. Review the conditions of depreciation in your policy.
• Consider your deductible. Most policies allow you to pay a small fee to waive the deductible you’d pay after a claim. With fees as low as $25, it’s worth considering while applying.

Single trip or annual trip travel insurance?

If you’ve booked more than a couple trips this year, think about annual multitrip travel insurance.

Can I find coverage if I have a pre-existing medical condition?

Yes, but you may need to shop around. Many travel insurers will cover you for select pre-existing conditions without making you purchase additional coverage. Inform your insurer about your pre-existing condition when applying.

Can I get travel insurance if I’m a senior?

Yes. But your insurer may require a specialized policy for senior travelers or an extra round of medical underwriting to determine risks that come with age.

Frequently asked questions about finding the best travel insurance

• Do I already have coverage?

  You might if you already pay for other types of insurance or plan to rent a car:

  • Home and personal property insurance. Many home contents insurance policies include a clause that insures your personal possessions when you’re away from home.
  • Life insurance. If you die overseas, the proceeds from your life insurance policy can be used to bring your body back home. You may also have permanent disability cover and other types of protection that can be called on to pay hospitalization or repatriation costs if you become ill or injured while away.
  • Car rental cover. You may already have a comprehensive car insurance policy in place that covers you for expenses if your rental car is damaged or stolen.

• Is the travel insurance on my credit card enough?

  It depends on your travel plans and your credit card provider. Many US credit cards provide complimentary travel insurance, but check the coverage quality and level of benefits. Basic coverage generally provides financial protection if you become seriously injured in an accident while traveling.

• Can I get travel insurance coverage if I'm pregnant?

  Yes, though you will likely face restrictions and exclusions. Many insurers offer insurance if you’re 26 to 30 weeks into your pregnancy. To avoid the risk of a premature birth, they can insist that you return no later than eight weeks before your due date.