• 03
  Feb
  2010

• Individual Group Insurance: Beat the Cookie Cutter Approach

  
  Filed Under: Blogging
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Traveling in a group can be a fun experience—what’s more; you can save substantially on travel insurance by purchasing group travel insurance. Group travel insurance takes the hassle out of tracking and purchasing individual travel insurance plans. However, there are some restrictions for group insurance.

Most plans stipulate that all the members in the group purchase the same coverage. If your group comprises people of varying age, it might be a good idea to club people of similar age in separate groups. This will ensure that the costs of unnecessary coverage are avoided.

For example, if a family travel group comprises seven young folk and six older folk, the young people can be grouped under one insurance plan, with hazardous sports coverage. The senior citizens on the group can purchase insurance under one group, perhaps with a higher maximum benefit.

Generally, tour group insurance can be purchased for periods as short as five days. Most plans cover pre-existing conditions if the insurance is purchased within seven days of buying the ticket. For groups, trip cancellation insurance is automatically included in most plans.

Travel tip: Have each member of your group carry a copy of the group insurance policy. It can come in very handy in emergency situations.