Travel Insurance: Buying Online
Caveats before Buying continued...
If the company is licensed in your state, it means the
company has met the state standards for insurance. And it may mean fewer
hassles down the road. "If the company is licensed, you should not have a
problem making or collecting a claim," says Edelen.
To find out if the company is licensed, check with your
state's insurance-regulatory agency. In most states the agency is the State
Department of Insurance, says Edelen. Often, state agencies regulating
insurance maintain a toll-free consumer hotline to provide such information or
post it on their Web sites. For instance, California maintains both a toll-free
number (800/927-HELP in some areas of the state) and a Web site
It's important before calling to know the name of the
company that underwrites the plan (usually noted somewhere on the company's Web
page) since the license will be in that name.
In addition, travelers buying online should take the time to
check out a travel health plan, just as consumers buying in person should, says
Edelen. "Check the coverages and exclusions of whatever the policy is."
Among the conditions a plan may impose: you must see a doctor from their list
Compare the premium you'll be paying to the coverage
offered. "You may be paying a very high price for limited coverage,"