As an informed consumer, there are a few things you'll want to keeep in mind when shopping for travel insurance.  Not only should you look closely at the policies being offered, but you must also carefully weigh the companies offering them, as well.  To begin with, be sure to evaluate the financial stability and strength of the travel insurance companies whose services you're considering.  Find out how they're rated by one or more of the financial services industry's credit rating organizations, such as A.M. Best.  And as a further safety precaution, only do business with an insurance company that possesses a history and solid, established track record of experience in travel insurance.  Companies have been known to quickly spring up and just as suddenly (and with even less notice) disappear, just when they were needed to pay a claim.  So stick with stability and longevity.

By the way, while you're in an evaluating mood, it might also be wise to look at the overall condition of the travel supplier, too.  More than a few carriers have gone the way of the dinosaur – and some of them with little or no warning to their then-current customers.  Many people have found themselves suddenly without transportation or lodging before, or even during, their excursions.  And with fuel and labor costs rising daily, a number of airlines, carriers, and service providers continue to be subject to financial difficulties and the threat of an interruption of their operations.  Doing just a small amount of homework can therefore save you a great deal of inconvenience and time spent with a cold compress draped over your forehead.

When considering individual travel insurance policies, be sure to compare them diligently – even those from the same company.  Different policies may provide differing levels of coverage along with different exclusions.  But regardless of the level of coverage that you decide upon (which should be enough for your particular needs), the travel- or travel medical insurance you choose should at least provide a high limit of coverage for:

• Medical provider, hospital, and dental expenses, including emergency services.
• Accidental death and disability.
• Emergency medical evacuation.
• Assistance in locating medical services and providers, securing alternate means of transportation, and other customer care services as required.
• Travel documents, luggage and other personal items, credit cards, and travelers checks.
• Cancellation fees and lost deposits.

Keep in mind, too, that purchasing travel insurance through a travel agent or service provider (such as an airline, hotel, cruise line, etc.) could cost as much as two-thirds more than if you buy it directly from a travel insurance company.  And agents or travel providers may not be backed by solid underwriting (as all reputable insurance companies are) in the event of bankruptcy or some other unpleasant event.

It's also a good idea to look for a travel insurance company that will issue you coverage after your trip has already begun.  In the past this has not been the norm, as policies have typically been required to be purchased before commencement of travel.  But some companies now provide this amenity, and it can be a tremendous convenience.