New comparison tool for short term trip cancellation insurance (one year cover)
17.07.2012
Dr. Walter GmbH has developed a new comparison tool that enables users to compare policies for short term trip cancellation insurance (one year cover) to help them find the perfect and tailored insurance solution for their individual needs. From more than 400 potential combinations, the complex but intuitively operated online tool, which can be found at www.reiseversicherung.com, calculates a selection of affordable products that provide cover for all trips planned and booked within one year.
For this purpose, the main suppliers of short term trip cancellation insurance are taken into consideration: Allianz Global Assistance, ERV, Europ Assistance, Hanse Merkur, URV and Würzburger/ TravelSecure. The comparison tool of Dr. Walter compares more than 200 different insurance tariffs and with only a few clicks it can spot price differences that may add up to 50 percent or more of the annual premium.
How to use the comparison tool: first, you have to enter if you want to purchase insurance for an individual or for a family. The calculation of the trip price needs to be based on the most expensive trip in the respective year. Then you can decide on the deductible and if you want to have additional travel cancellation insurance. Finally, you enter your age. If you want to purchase insurance for your family, the tariff will be calculated based on the age of the oldest family member. After you have made these five entries, a new window will open showing the different offers for short term trip cancellation insurance sorted by price. Additional information will also be shown that helps you to decide which policy is best for you. You can use the comparison tool as often as you like without being required to make a binding decision. If you have found a tariff you like, you can continue to purchase it.
This new online tool is Dr. Walter’s reaction to an increase in the demand for short term trip cancellation insurance. These policies have become more and more popular since many people travel more than once a year and since such policies sometimes even pay off after the first trip already. That is why Dr. Walter wanted to add a comparison tool for short term trip cancellation insurance to its popular comparison tool for single trip cancellation insurance. Reinhard Bellinghausen, Managing Director of Dr. Walter GmbH, says: “Since we know that this is a highly untransparent market, we wanted to provide our customers, who get more and more of their information online, with a useful tool to help them select the right travel insurance solution.”
