Why is TID so inexpensive?

[kinkacruiser]

I'm booked for 2 overseas (Asia) cruises next year and decided an annual policy would be the way to go. Some friends recommended TID and after looking at a few others (Suresave, QBE) I'm puzzled how TID can offer such competitive rates when the cover is very similar. I have a quote for $354 from TID and $635 from Suresave.

Can anyone shed light on the low cost factor?

 

[v8Statesman]

I'm booked for 2 overseas (Asia) cruises next year and decided an annual policy would be the way to go. Some friends recommended TID and after looking at a few others (Suresave, QBE) I'm puzzled how TID can offer such competitive rates when the cover is very similar. I have a quote for $354 from TID and $635 from Suresave.

Can anyone shed light on the low cost factor?

Travel agents earn 50%-100% commission on insurance! So if they are not paying that. There is quite a saving!

 

[casanovawa]

Are the range of coverage and pay outs equivalent???

Apart from that if they are web based only that is a lot of savings potenially in staff and offices... together with reduced or no commissions...

I know i took out car insruance earlier in the year with a web based company, forgets its name, but it was like half the price of SGIO... Don't know how they will compete, but then if i need to claim i imagine SGIO would be easier...

 

[ColinP]

I'm booked for 2 overseas (Asia) cruises next year and decided an annual policy would be the way to go. Some friends recommended TID and after looking at a few others (Suresave, QBE) I'm puzzled how TID can offer such competitive rates when the cover is very similar. I have a quote for $354 from TID and $635 from Suresave.

Can anyone shed light on the low cost factor?

You should be able to get it even cheaper than that.

The discount code (if it still works) HOPON should get you 10% discount. (worked for me back in Sept)

If that doesn't work, TIDSAVE or TIDTHANKS will get you $10 discount.

TIDXMAS has been used in the past for 10% too - It's the right time of year to try it

 

[markis10]

TIDGIVES is the current code.

 

[yo yo ma]

Can anyone shed light on the low cost factor?

It's subsidised by me... I keep buying policies and never claim!

 

[kinkacruiser]

Thanks everywon. You've won me. The cover is more than adequet for my needs, so can't see the sense in paying any more. I won't be buying a policy until just before I book flights to Bangkok.