Most travel insurance policies will have the option to add gadget and device protection if the basic policy provides no coverage. The days of travelers wandering around with nothing of great value on their person are gone, as almost nobody leaves home without their phone as a bare minimum. With tablets, laptops and noise-cancelling headphones, the world has become a more convenient, connected place. But these items are all high value and will not go unnoticed by thieves. If you must take expensive items with you when traveling, keeping them out of sight at all times is sensible. Protect yourself further with comprehensive travel insurance if the worst happens and somebody decides to take them from you.
The role of technology in obtaining travel insurance
As with all aspects of our lives, technology has some part to play, generally a positive one that saves us time and simplifies once-complex processes. The travel insurance industry is no exception, and technology has revolutionised the experience from both sides.
Consumers
From the customer's perspective, technology has perpetuated serious improvements, savings, and effort reduction. Some ways it has done this are as follows:
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Comparison sites—The ability to select several travel insurance providers and directly compare them side-by-side is perhaps the most significant advantage modern technology has provided consumers. This forces companies to compete and should (in theory) drive prices down and improve levels of coverage.
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Online reviews and warnings—Although they are to be taken with a pinch of salt at the best of times, large numbers of negative reviews and warnings about any given provider are unlikely to be wrong. Ignore them at your peril.
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Access to governmental information regarding individual insurance providers—Most countries have an official database of registered travel insurance providers that the public can access. If you don't find your shortlisted providers on that list, eliminate them and move on.
Insurance providers
Although the advantages above all seem to be to the detriment of the travel insurance providers, there are still benefits for the industry as a whole provided by technological advancements, namely:
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Effective, targeted advertising—Website cookies and data collection facilitate this modern phenomenon. Although we might find it irritating and a little disconcerting as consumers to realise our movements are being tracked, this technique is still remarkably effective.
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Artificial intelligence and algorithms—Making its way into so many walks of life, AI has practical applications in the travel insurance industry. Programs that recognise and learn patterns of fraudulent behavior and identity issues within any policy or claim can be set in motion to highlight the problem. There are disquieting moves towards allowing computer programs to automatically accept or deny claims based on their findings, which will undoubtedly lead to complications and moral dilemmas.
Final thoughts
Although it pays to protect yourself and your beloved technological marvels as much as possible when traveling, it should be remembered that most places are not riddled with crime. Do what you can to mitigate theft; take out comprehensive travel insurance, and don’t take unnecessary risks. Neither should you allow the fear of theft or damage to stop you from enjoying one of life’s great pleasures.
Media Information
Name: Henry
Organization: 1cover
Email:[email protected]
Phone:1300041474
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Source: Story.KISSPR.com
Release ID: 958697