Selecting the Proper Travel Insurance

There are a handful of people who indulge in frequent traveling. In case you are 1 of them, then purchasing a travel insurance policy would be a wise thing to do. Even in case you are planning a extended trip or holiday, a travel insurance policy may be advantageous for you. While a travel insurance policy is effective, the benefits could be fully availed just when you choose the right policy.

There are numerous things you must take into account when looking for the right travel insurance. The most critical of them is the activities that you want to or would be indulging in on the trip. Normally, most insurance providers just offer general insurance coverage along with other benefits.

In case you are an adventurous person, it’s likely that you love to partake in exciting activities like rafting, underwater diving, paragliding ‘n plenty of more when on a trip. It is suggested to opt for travel insurance that can take care of this requirement of yours correctly. In the present times insurance service providers offer several choices. You could select your pick and can thereby go for all that you want to be covered in your policy. In case you’re a usual traveler ‘n aren’t very ardent for adventurous sports, general travel insurance could well befit the aim for you.

It’s critical to understand that every insurance policy has its individual set of advantages ‘n claims. You are the one to choose in case the benefits offered by the insurance policy are of any purpose to you or not. An insurance plan might have many benefits to its credit, however it is very likely that these benefits are of no use to you. So it is critical to weigh the pros ‘n cons of a specific insurance plan as per your preferences ‘n requirements first.

Not all travelers are alike ‘n have several travel needs. Thankfully enough, travel insurance companies notice this and deliver insurance policies by categories. A few of the most common classes in travel insurance policies involve business, family, single trip, multi trip ‘n the like. You’ll easily be able to associate yourself with one of these categories. Accordingly, you can go in for a specific plan in the selected class.

Most folks make the mistake of depending solely on their travel agent for a acceptable insurance policy. Ideally, you must choose a policy for yourself rather of giving into recommendations made by travel agencies. These brokers often work with insurance companies on contract basis and will push you into buying plans from the categorical corporation that they associate with. So, do your private research prior to purchasing a plan and ask insurance experts ahead of approaching your travel agent for an insurance scheme.

Opting for the correct travel insurance plan will defend you from spending a large amount of cash and additionally incur undesired disappointments. Merely remember to do a bit of analysis and get recommendation from folks who know to find 1 that is very best for you.

Insure Your Travel – Do You Need Travel Insurance?

Travel suppliers try to up-sell you to take a trip cancellation plan when you book travel with them. If you are like most travelers you are not sure if this is a good idea or not. The answer depends on your personal needs. A person who is going to spend 6 months to a year abroad has a totally different insurance need than a person making a single short vacation trip.

It is a good idea to plan for the unexpected and this is the reason for your travel agent suggesting the purchase of travel insurance. (Of course, they get paid for it just like they do for booking the trip). Again there is nothing wrong with their suggestion or your purchase of trip cancellation insurance. I personally have purchased it at times and at other times have not. When my wife had been ill and we had a 3 week trip planned for a visit to China a few years back, I felt it was a necessity to get travel insurance. At the time of the trip she was fine and we did not need to use the trip cancellation insurance, but we were glad we had it. Whether you need or buy the insurance is a matter of personal preference and how important to you the completion of your planned trip is.

Travel insurance serves many purposes and should be designed to meet your individual needs. Insurance plans are most commonly gotten by travelers going on single trips like cruises, tours, flights, etc. For this purpose, a traveler usually gets a Package Plan which covers trip cancellation, baggage, medical, dental, emergency evacuation, baggage delay, accidental death coverage, and often additional items. But there are other additional types of travel plans you might wish to consider.

  • Travel Medical Plans – Similar to the package plans but cover cover travel up to a year in length
  • Flight Accident Plans – Flight accident plans, usually for a single trip
  • Multi-Trip Medical Plans – Covers multiple trips, with individual trips having length restrictions
  • Medical Evacuation Plans – Provide emergency medical evacuation to an appropriate care facility
  • Business Package Plans – For individual business travelers and small companies with traveling employees
  • Major Medical Travel Plans – For travelers going abroad for at least 6 months who need more permanent insurance
  • Accidental Death Plans – Usually written for a specific trip

Each type of insurance may be underwritten by various insurance companies. You can research the types individually, looking up each insurance company who offers a particular type (not the best use of your time when preparing for a trip), or you can use a service which offers comparative plans from several insurers.

An example of such a service is InsureMyTrip.Com. At the time of writing this article, they represented 18 different companies from which you could get comparative quotes. You can get quotes and actually purchase the different types of travel insurance from this site or you can use it to gather further information. The worst that can happen is that you become more educated on travel insurance.

Good luck on your travels and may the wind always be at your back.

Lamar Ross is an author, educator, photographer, internet entrepreneur, and international traveler. He has a special interest in training individuals for expatriate living and providing information on unique travel destinations. He has lived in the United States, Mexico, Puerto Rico, and India and has traveled extensively in 29 different countries. He speaks both English and Spanish fluently and has a basic ability in several other languages.

Travel Insurance and Its Benefits

Most of us pass off travel insurance as another unnecessary document to take care of. But in reality it can be of much more importance than we render to it. Frequent travellers would better understand the implications of missing baggage, lost bags, theft or something as fatal as an accident. During such circumstances travel insurance serves as a saving grace and almost like a first aid.

There are several categories of travel insurance largely depending on the duration of your stay and the trip destination. Majority of the travel insurance policies cover illness on travel, death, accidents, bankruptcy of the airline and even cancellation of the flight. The most commonly claimed insurance type however is the medical insurance while on travel. Such a policy gets you reimbursements for any medical bills, doctor’s fees and medicinal charges if you undergo any during your trip.

If you are still doubtful of buying travel insurance plans while travelling on a trip abroad, the following benefits will make you reconsider your thoughts

• Something as trivial as a missed departure(for specified reasons ) is covered under such policies and you can claim for the delay caused

• If there are any cancellations. any curtailments from the airlines end or even from any government. decisions, you tend to get a reimbursement for such an action

• There are different procedures for claims in different countries. For example Travel insurance (in) Australia frees you from any liabilities incurred during any emergency medical expenditure as the insurance provider makes payment on your behalf.Besides this most insurance policies also cover the cost of your returning to the home country after the medical treatment is over

• Any loss of baggage, theft of personal belongings, while you are travelling, can be claimed from the insurance provider and hence saves you from any losses. Though one needs to abide by the limit restrictions to the amount of valuables you can carry and more so the insurance providers reimburse you for a certain percentage of the value of loss incurred

• Any unfortunate incident where you end up in a court litigation and have to bear expenses, the insurance company offers you a claim on the same too

There is an array of insurance companies that offer lucrative deals on insurance, but before buying a policy you must ensure that following points
• Review your previous policies and plans; if you already have a travel cover then buying another policy is just some wasteful expenditure.
• It is important to consider the pros and cons of the different policies on the offing, before finalising one
• Research your options well basis the kind of trip you undertake (personal or business), no of travellers, length of stay etc.

When buying a travel insurance policy it is essential to go through all the terms and conditions of the policy to understand the kind of claims and the procedure well in advance. Ensure that the kind of insurance you want is offered without any alterations to it or else your money goes for a toss. Most importantly maintain all your paperwork and keep extra copies to help you in case of any emergency.

Annual Multi Trip Travel Insurance

Multi Trip Travel Insurance is also known as Annual Travel Insurance.

With an annual multi trip you can take unlimited trips in a 12 month period. It is ideal for anyone who takes more than 3 trips a year, especially for anyone with a family because most multi trip insurance allows for up to 4 children for free.

Benefits and advantages of multi trip insurance:

  • Take unlimited trips annually. (depending on the insurer, each trip duration limit can range from 30 days to up to 60 days).
  • Children are insured for free, usually up to 4 children under the age of 18. Please note that children are covered only if they travel with one of the insured adults.
  • Some of the insurers throw in a Free Ski Insurance ranging from 7 days – 21 days annually.
  • Few Annual covers provides domestic travel insurance. This usually has a minimum distance and will require a hotel stay as well. The domestic travel insurance cover makes the Multi Trip Insurance even more compelling economically.
  • It works out cheaper if you take 3 or more trips a year, especially if you add up all your business and holiday travel cover.
  • Multi Trip Insurance cover is ideal for contract workers who have to travel a few weeks at a time on project related work.

Why You Need Travel Insurance

We are most vulnerable when we travel and Trip Insurance is the only way to protect yourself for monitory loss incurred due to circumstances beyond your control. These eventualities can occur at any time before or during travel and its essential to have protection against them. Here are some examples of why you need travel insurance:

  • You meet with an accident on the way to the airport and subsequently miss the flight to your non-refundable holiday.
  • You or your family member falls ill a few days before the holiday, forcing you to cancel your trip.
  • Your baggage is lost or delayed by the airline and you are forced to buy the essentials. In the event it’s lost, the airlines pay very little as compensation, so you need insurance.
  • You or your family members meet with an accident or fall ill and require medical attention or surgery whilst on holiday. This can prove to be very expensive depending on which country you are in, especially if it requires medical evacuation.
  • You accidentally damage someone else’s property or person and require legal representation and or have to pay 3rd party damages.
  • Travel insurance for activity holidays like skiing, etc., where there is a greater change of injury, damage and loss.
  • In case your expensive equipment or possessions like jewelry, camera, ski equip, etc., is damaged, stolen or lost.
  • You are forced to evacuate because of a natural calamity and lose your possessions in the bargain. Some situations require emergency evacuation as well.
  • You and or your family members get food poisoning and needs hospitalization.
  • You need someone to fly out to you in the event you are hospitalised.

International Travel Insurance

It can be an exhilarating experience traveling to another land but many a times unforeseen events are overlooked and the carefree traveler simply forgets to protect himself for such eventualities. Different emergencies can arise, like a medical emergency, visit to the doctor, cancellation of the flight, losing baggage etc. for which travel insurance is necessary.

As far as loss of baggage due to theft is concerned, an individual can be covered who uses a credit card for booking tickets. In such a case, additional insurance will not be required. Even if you are embarking on a short trip it is best to have trip cancellation insurance cover as there could be nothing worse, than not be able to afford to get back that ticket money due to lack of insurance.

Why is traveler insurance so necessary?

There could be many unforeseen expenses on an international trip.

1:- Accidents, medical emergencies, drug prescriptions and many other costs could bring on unforeseen expenses.

2:- In a number of countries international health insurance is provided to those travelers who are less than 75 years of age, where for an additional premium the dependents, if eligible and the spouse can also get covered.

3:- If a person returns home by cutting short of his vacation, this international travel insurance benefit with refunds, provide the submitted travel itinerary is not fixed.

4:- A group travel insurance policy can be applied for if the person has a pre-existing health condition. Coverage under a group health insurance plan can be obtained when an individual is refused an individual health insurance plan.

Additional coverage:

In case of medical complications, rehabilitation, dismemberment coverage, cost of ambulance, home nursing etc. medical help is made available for an additional premium to the international traveler under worldwide travel insurance. The cost of medical treatment is high in a number of countries. Quality medical care may not be available in a third world country and the individual may need emergency evacuation facility. The travel insurance coverage takes care of that. It also addresses prescription drugs for an additional premium. During an overseas travel, a person feels comforted when he knows that he can afford the drugs even in the alien land. The destination of travel determines the need for these drugs.

Medication is very costly in developed countries, which becomes unaffordable for the traveler sometimes. Worldwide travel insurance coverage may not be necessary in countries where health care is the responsibility of the government. Then in this case, since most of the medicines are available at subsidized costs, this kind of coverage may not be necessary.

For women who intend to give birth in a foreign country, a maternity coverage is very important. Before filing a claim, the woman would have to wait for a year at least, which means, that at the time of getting her policy upgraded to include coverage of maternity insurance, she should not be pregnant. The age of the would-be mother will determine the amount of premium. A higher premium would result with medical complications. International travel insurance plans can be extended to a number of other medical services.