Just like other insurance policies the travel insurance policy will be critically assessed for each individual to know the premium to be paid so that the insurance company would be able to rise up to its responsibilities when the need arises
So before one is finally given the travel insurance certificate the right price must have been ascertained and related to the insured.
So how would your travel insurance premium be determined. So firstly, the price of your travel insurance policy will be ascertained by how likely the insurance company thinks you are to make a claim.
So with this knowledge the Insurance company look at different factors to work out prices which includes
The insured age
The higher the age the more price to be paid. This is because one is more liable to have travel issues
The insured destination
The insurer will take into consideration where the insured is travelling to, farther is more price
Duration of travel
The insurance company would take into consideration, the duration of travel of the insured. Longer period of time will mean more premium to be paid .
Activities to be carried out
The activities to be carried out by the insured during the journey. Dangerous activities might incur more price
Medical conditions
The insurance company will consider any pre-existing medical conditions and the what other level of cover the insured needs.
So before one is finally given the travel insurance certificate the right price must have been ascertained and related to the insured.
So how would your travel insurance premium be determined. So firstly, the price of your travel insurance policy will be ascertained by how likely the insurance company thinks you are to make a claim.
So with this knowledge the Insurance company look at different factors to work out prices which includes
The insured age
The higher the age the more price to be paid. This is because one is more liable to have travel issues
The insured destination
The insurer will take into consideration where the insured is travelling to, farther is more price
Duration of travel
The insurance company would take into consideration, the duration of travel of the insured. Longer period of time will mean more premium to be paid .
Activities to be carried out
The activities to be carried out by the insured during the journey. Dangerous activities might incur more price
Medical conditions
The insurance company will consider any pre-existing medical conditions and the what other level of cover the insured needs.
