"The post-corona period helped to reduce the prices of travel insurance abroad," says Neta Lavie, Vice President of Webi, the digital insurance agency that operates a platform for comparing and purchasing insurance products.
"During the Corona period, there was corona insurance as part of the travel insurance, and then the insurance became more expensive of course. Because now it is not required, the premium decreased. For example, the insurance for an individual aged 18-60 decreased by 30% in the basic travel insurance, after the corona coverage was removed," explains Lavi.
Even towards the end of August, many Israelis are on their way abroad or are currently staying overseas, and this trend is expected to continue during the Tishrei holidays. Just before flying, it is important to order travel insurance that fits the nature of the trip.
According to Lavie, "The basic and main thing required before ordering travel insurance is to understand what the policy includes. People are not always aware of what the policy includes and do not go down to the resolution of adapting the policy to the nature of the trip. A classic example is extreme sports. Many do not notice that they need to add sports extreme sports, then the coverage does not exist, and it's a shame, the supplement can add up to another 1-2 dollars per day and cover extreme sports."
The cost of the deductible
Regarding price comparisons, Lavi says that "when comparing insurances, it is important to compare not only the prices of the insurances, but also what they include. The differences between the companies are not very large, but you need to know what each policy includes. It is possible that a company will insure luggage insurance in 500 dollars and some are more. That's why it's important what the coverage you purchased includes, because it can be a much bigger return. On top of that, you should check the cost of the deductible.
"Traveling to a foreign country may involve quite a few risks, especially on longer and more challenging trips. Rescue and rescue coverage allows, in addition to financial compensation for injuries, also to receive search, rescue and rescue services in emergency situations. Rescue and rescue services are usually extended if the trip includes trekking or extreme activity ".
Similar to car insurance, also in travel insurance there is an option to expand the coverage through third party insurance.
This is insurance that covers liability to a third party who was injured during an insurance event in which bodily harm or property damage was caused while traveling abroad.
Honor, in its place is placed
It is also important to fill out the medical questionnaire correctly.
According to Lavie, "Today there is a clear and transparent wording of the medical questionnaire. Everyone must answer the questionnaires, and you have to pay attention to the questions and the answers. We also recognize a significant increase in the need to insure luggage recently."
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