The best option for purchasing travel insurance when journeying to any foreign country is to go through an online broker who sells insurance from multiple agencies, states Consumer Reports. Some examples of travel insurance companies include CSA Travel Protection, MedJet Assist and Travelex.
When buying travel insurance, first check current homeowners, health, life and auto insurance policies, suggests Consumer Reports. Often people have coverage for certain events and are not aware of it. Be aware that some travel medical policies may not cover pre-existing conditions, and make sure any specific concerns regarding traveling are covered. Request that the insurance agent selling the policy thoroughly explains any fine print. Typically, a travel insurance policy costs between 5 and 7 percent of the cost of a trip; however, premiums vary according to age and health.
While cruise companies and tour operators often sell travel insurance, it is advisable not to purchase protection through these companies and opt for a traditional insurance carrier, as a policy is worthless if a cruise or tour company goes bankrupt, according to Consumer Reports. Additionally, buying travel insurance from a travel agent directly is not a good idea, as the policy is likely one that pays a higher commission for the agent but does not provide the best protection for the traveler.