Purchasing Travel Insurance Your Options

T here are three main              find the travel insurance policy   options you have when           that you require. You can then     purchasing your travel          complete an application form and   insurance.                            receive your policy by mail. The                                         resellers are offered a discount   1.You can buy direct from the         on the insurance by the insurance  insurer.                              companies, so they can pass on                                           some of this discount to you.      2.Buy through your local travel                                          agent.                                The following outlines what a                                            reseller of travel insurance is    3.Buy from a travel insurance         and what it means for you.         reseller usually online.                                                                                       What is a Travel Insurance         Buying directly from the insurer      Reseller?                          or through your local travel                                             agent you will generally find         A travel insurance reseller is a   that the travel insurance you buy     middle person between the          is not discounted. You have to go     customer and insurance company or  directly to their office, discuss     companies.                         your travel needs then fill in                                           application forms for your            What do they do?                   insurance. It can be a time                                              consuming affair.                     A travel insurance reseller sells                                        travel insurance for one or more   Buying through a reseller             insurance companies, usually at a  generally means you will save         discounted price. Because a        money and time. Most resellers        reseller receives discounts from   have web sites where you can fill     the travel insurance companies     in your information online to         they can offer you cheaper travel  insurance than buying direct from     and any interactions in regard to  the insurance companies.              claims must be dealt with between                                        you and the insurer. The travel    What are their responsibilities?      insurance reseller is able to                                            help you to get in touch with the  The responsibilities of a Travel      insurer.                           Insurance reseller are:                                                                                        How do they profit?                •Help you find a travel insurance                                        product that you need.                Travel insurance resellers profit                                        by passing on part of the          •Interact with the insurance          discount that they receive from    company to complete your              an insurance company to you. For   application.                          example, a reseller may receive a                                        45% discount on the Travel         •Interact with the insurance          insurance products that they       company to process any                sell, and they may pass on a       Pre-Exisiting medical and senior      saving of 15% to you.              traveller issues. This                                                   interaction often involves a fee.     So you walk away happy because                                           you have saved 15% on your Travel  •If you need to cancel the            Insurance product and they are     insurance before you travel then      happy because they have made a     the reseller will interact with       30% margin on this product.        the insurance company to cancel                                          the policy. You may be charged        How do I know if a Travel          for this service.                     Insurance Reseller is reputable?                                                                            •Once your policy has taken           In Australia all travel insurance  effect the contract is complete       resellers must be approved and     will have been issued with a          Disclosure Statement.              Financial Services Reform Act                                            (FSRA) Number. Look for this          Australia Travel Insurance wishes  number on their web site, their       you a wonderful and safe journey.  business cards or the Product          About the Author: Where can I find a Australian Travel Insurance Reseller? http://www.australiatravelinsurance.com.au http://www.travellerinsurance.com.au Read more articles by: Dream Team Media Article Source: www.iSnare.com