Buying Travel Insurance ? Your Choices
There are 3 main possibilities you have when buying your travel insurance.
1.You can buy direct from the insurer.
2.Buy by means of your local travel agent.
three.Purchase from a travel insurance reseller normally on the web.
Acquiring directly from the insurer or by means of your nearby travel agent you will usually discover that the travel insurance you get is not discounted. You have to go directly to their office, discuss your travel requirements then fill in application forms for your insurance. It can be a time consuming affair.
Buying via a reseller usually means you will save funds and time. Most resellers have web web sites where you can fill in your details on the web to uncover the travel insurance policy that you call for. You can then complete an application form and receive your policy by mail. The resellers are offered a discount on the insurance by the insurance businesses, so they can pass on some of this discount to you.
The following outlines what a reseller of travel insurance is and what it means for you.
What is a Travel Insurance Reseller?
A travel insurance reseller is a middle individual between the customer and insurance company or businesses.
What do they do?
A travel insurance reseller sells travel insurance for one or far more insurance organizations, normally at a discounted cost. Simply because a reseller receives discounts from the travel insurance companies they can provide you cheaper travel insurance than getting direct from the insurance companies.
What are their responsibilities?
The responsibilities of a Travel Insurance reseller are:
? Support you locate a travel insurance product that you will need.
? Interact with the insurance company to total your application.
? Interact with the insurance business to method any Pre-Exisiting medical and senior traveller problems. This interaction often entails a fee.
? If you require to cancel the insurance prior to you travel then the reseller will interact with the insurance organization to cancel the policy. You may possibly be charged for this service.
? As soon as your policy has taken effect the contract is total and any interactions in regard to claims should be dealt with between you and the insurer. The travel insurance reseller is able to help you to get in touch with the insurer.
How do they profit?
Travel insurance resellers profit by passing on part of the discount that they receive from an insurance firm to you. For example, a reseller may possibly obtain a 45% discount on the Travel insurance goods that they sell, and they may pass on a saving of 15% to you.
So you walk away pleased simply because you have saved 15% on your Travel Insurance item and they are pleased because they have produced a 30% margin on this item.
How do I know if a Travel Insurance Reseller is reputable?
In Australia all travel insurance resellers should be approved and will have been issued with a Financial Services Reform Act (FSRA) Number. Look for this number on their web web site, their company cards or the Item Disclosure Statement.
Where can I find a Australian Travel Insurance Reseller?
The following are just a few of the Travel Insurance brokers in Australia:
http://www.australiatravelinsurance.com.au
http://www.travellerinsurance.com.au
Australia Travel Insurance wishes you a wonderful and secure journey.
Source: http://www.ezyaustralia.com/purchasing-travel-insurance.htm
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