| ||
| ||
|
Insurance Information |
|
|
The Importance of Travel Insurance
You've finally saved enough to go on that dream vacation you've been planning. Now you're wondering if you should buy travel insurance. Do I really need to go to the extra expense? All I can lose is my luggage, right? Guess again! Anything can go wrong while you are traveling, and I strongly favor buying a policy. Most travel insurance policies are designed for a variety of travel needs but, I emphatically advise reading the fine print of any policy you purchase regarding any deductibles and health situations. You many find your policy won't cover pre-existing conditions that may cause a problem, or that the medical coverage is only for an injury or an illness -- not both. For emergency aid, travel insurance polices are generally dependable and affordable, but there are still a myriad of gaps in the coverage provided. You can find polices designed for almost any type of trip you may be planning, such as a single trip for hunting, backpacking, cruises, house rentals, and a host of others. But, the specific types and amounts of coverage you get depend on the policy you choose. It's important to remember that you will only be covered for what is specifically stated in your policy and for nothing else. Most policies cover trip cancellation, lost baggage, medical, dental, and accidental death coverage. Other policies include emergency evacuation, 24 hour travel assistance, and trip or baggage delay. You may even find policies that include options for collision or damage to rented cars and business conflicts. There are many options that can be covered, but you will have to ask. The premiums for the policies are generally 5% to 7% the cost of your trip, but fees will vary depending on the your medical history and passengers ages. Many companies offer policies that will include coverage for children at no extra charge. It is best not to buy your travel insurance from your tour operator. I've listed a few reasons why it may be better to purchase through an insurance company separately. Most travel insurance policies offered by the operator are less flexible to your individual needs; Provide a lower amount of coverage; May only cover a portion of the trip; Your coverage may be secondary and the insurance will only pay for what you own private health or homeowner's insurance does not cover; May duplicate coverage you already have; In the event the tour operator liquidates and goes belly up, you would lose not only your trip, but also your premium. Many travel agents are not fully knowledgeable when it comes to understanding the details of various travel insurance policies and may overlook something that could be important to you or your family and few offer suggestions. Buying travel insurance may be less expensive purchasing through your tour operator or cruise line, but for the reasons listed above, you should really check around. If you do choose to buy your policy from your tour operator, be sure to use a credit card. Depending on the policy of the credit card issuer, you may be provided with protection against potential default of the operator. When buying your policy from an insurance company: Always get quotes from several companies Ask if the plan is pre-packaged or if you can custom design your own Can you waive the pre-existing condition exclusion Ask if you are covered for cancellation due to a terrorist incident. Don't count of the company to provide information Ask any question you can dream up and Do ask for suggestions A good site to reference for multiple travel insurance quotes is InsureMyTrip.com. (I am not affiliated with this site in any way. I just like the site!) Enjoy your next trip and I hope the odds are with you and that you will never have to file a claim on your travel insurance policy. (c)2004 Karen Zastudil About The Author Karen is a graduate of Cleveland State University and is a freelance writer. Visit her website at http://www.womenatthesummit.com - A site of general interest to women. Topics include: Pregnancy, Children, Parenting, Health and wellness, Diet and Fitness, Relationships, Money, Travel and more. webmaster@womenatthesummit.com
MORE RESOURCES: Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting |
|
|
|
RELATED ARTICLES
Travel Health Insurance - Understand the Benefits If you're planning an overseas trip, you need travel health insurance. Every year, nearly 1 million Americans require emergency medical treatment while overseas. Life Insurance Providing Little Protection from Terrorism Recent statements by the City of London Police Commissioner James Hart that future terrorist attacks in London's financial centre are, "a matter of when, rather than if", will increase already serious concerns over issues of personal and business financial protection.Mr Hart's statement pointed out that, "if you want to hurt the government, hurt people at the same time, and you want to cause maximum disruption. Finding a Discount Car Insurance Broker Discount car insurance brokerTimes past finding a discount insurance broker was important and offered you access to many different outlets for your needs. Today that's no longer the case as finding a discount insurance broker doesn't really provide you with any benefits or advantages as it once did. Health Savings Account (HSA): What Happens to it When I Retire? The Health Savings Account (HSA) is a great tool that is going to helpus all reduce our health insurance costs and avert the currenthealthcare crisis in America. But what happens when a personretires? What use is an HSA then?Your HSA transforms itself at that moment you turn 65, when youofficially become eligible for Medicare. Terrorism: Acts of Terrorism: When Will Insurance Respond? Insurance policies provide financial protection in a broad range of circumstances but each type of product specifies certain situations where the policy will not respond. These vary from one type of product to another, and can vary in detail between one insurer and another. What to Look for in Good Health Insurance Health insurance is a kind of protection that provides payment of benefits for covered sickness or injury. Included in health insurance are various types of insurance such as accident insurance, disability income insurance, medical expense insurance, and accidental death and dismemberment insurance. Give Your Auto Policy a Tune-Up When you originally purchased your auto insurance policy, you purchased a certain type of coverage to meet your needs at that time. Since then you have probably experienced many changes in your life. Student Health Insurance - Is It Necessary? As a young, healthy college student, it might be tempting to forgo the expense of health insurance. After all, you're young, you're careful and you're not sick. Keys To Controlling The Future of Health Care Several key changes are necessary to get control of the costs associated with the run away health care system in the United States.Here are just a few suggestions:1) Cost information about medical procedures and cost comparisons to alternative treatments need to be more easily available so that consumers can make better educated health care choices. Health Insurance for the Beginner When it comes to your family, selecting the right health insurance plan could be one of the most crucial decisions you ever make. There are so many choices, but in a sense, for your loved ones there will never be enough. Used Car Insurance Every state requires that drivers carry liability insurance. The liability coverage section of an auto insurance policy provides financial protection from liability claims against you when you (or certain other people) cause an accident that results in bodily injuries to other people and/or damage to their property. Term Life Insurance - Buy Term and Invest the Difference! The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around the concept of term life policy which is a basic protection policy and the endowment/ whole life policy which has protection and investment/saving features. To put it simply, the phrase means that instead of taking up the endowment/whole life policy, an individual should buy a term policy for protection and the difference between the premiums of the two policies is to be invested by the individual himself to earn some dividend on the investment. Term Life And Whole Life Insurance Which type of policy is best for you, term or whole life? The answer depends on several factors, including:Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life policy. What is Pet Health Insurance? Pet Health Insurance can give you the peace of mind that you are covered against unexpected vet bills. Having a pet can be a costly affair when you consider such expenses as food, vaccinations and checkups. An Introduction to UK Home Insurance Unlike motor cover, home insurance is not a legal requirement in the UK. It is, however, a vital precaution against unforeseen bills caused by incidents such as natural disasters or break-ins. Cheap Car Insurance - 7 Tips To Reduce Your Car Insurance Costs With the cost of car insurance becoming more and more of an issue for the average American family, there are increasing numbers of people looking for cheap car insurance. But although it is possible to find cheap car insurance, the question remains, is it worth buying?Everyone knows that car insurance companies are not all equal. Eleven Money-Saving Auto Insurance Tips for Senior Drivers Following a few simple tips and taking these measures will ensure that you are getting the lowest rates possible on your auto insurance policy.1. New Jersey Car Insurance - What Do You Need To Know About It? When purchasing New Jersey car insurance there are many decisions you will have to make. You need to understand what kind of car insurance coverage you need and how much you can afford to pay. Life Insurance Careers Do you like to spend all day being sitting around? Fixed income is good enough for you? Do you feel economic stability is not a priority right now?Well, if your answer to any of above questions is "Yes", you should accept the fact youhave a very high chance of being unsuccessful.But if, in the other hand, you are proactive, if you need to build a future for your family and yourself, establishing financial stability with a job that takes advantage of all your skills, then you should strongly consider a career in the life insurance world. Car Insurance Discounts Trying to save money wherever you can is important to us all. Insurance should be no different.
|
| home | site map | contact us |