Can I Afford Travel Insurance?

“Do I need travel insurance?” shouldn’t be the million dollar question you should be asking yourself when you are planning a trip or holiday – whether its seven days away in the country you live in, or three and a half months away travelling around the world.

Rather, “Can I afford travel insurance?” is the question you should instead be asking yourself. If your answer to “Can I afford travel insurance?” is “no”, then quite simply you can’t afford to go on a trip or holiday.

You wouldn’t own a house without having home and contents insurance, and you wouldn’t own a car without having car insurance. Likewise, you wouldn’t travel without travel insurance.

It’s not only a case of your luggage getting lost. What if you fell off an elephant in Chiang Mai? Medical treatment costs abroad are very high, and you are personally responsible for paying for the costs.

Unfortunate incidents can happen without warning at any time, and at any place where ever you happen to be in the world. Taking out a travel insurance policy is priceless. It gives you peace of mind.

Possible needs for travel insurance include:

• Travel Services Provider Insolvency
• Medical and Dental Expenses
• Additional Accommodation and Transportation Expenses
• Amendment or Cancellation Costs
• Luggage and Travel Documents
• Delayed Luggage Allowance
• Money
• Rental Car Insurance Excess
• Travel Delay
• Resumption of Journey
• Hospital Incidentals
• Hijacking
• Loss of Income
• Disability
• Accidental Death
• Legal Expenses
• Personal Liablity

Just with any other insurance contract, you must look at the schedule of benefits before committing to any travel insurance contract. This is because you need to understand precisely what you are covered for.

So ask yourself,”Can I afford travel insurance?” Or ask yourself in another way, “Can I afford not to have travel insurance?”

The cost of travel insurance is a small price to pay, compared to your total budget of your trip or holiday.

And if you take out travel insurance before you go away, and some unforeseen event does eventuate, it’s also a small price to pay. Imagine coming home with a $1,000,000 lawsuit against you.

There’s a wide spectrum of travel insurance products on the market. When asking yourself,”Can I afford travel insurance?” determine which option suits you best. Some of the options include: international single trip or annual multi-trip; domestic single trip or annual multi-trip; business travel insurance; winter sports insurance; backpackers insurance; cruise line insurance; and family insurance.

So there is no excuse to leave home without it. If you do forget something, just don’t let it be travel insurance.

Why You Should Never Leave Without Travel Insurance For Seniors

Travel insurance is supposed to offer cover for every traveler from the burden that comes with sudden illness or injury, more so for elderly citizens. Travel insurance for seniors could be very expensive, which is why elderly citizens need to ensure that they make enquiries and find out if their prospective insurer can actually get the job done when it comes to fulfilling their own end of the bargain when something happens. Over 65 travel insurance, over 85 holiday insurance are just some of the age grouped insurance services offered by various insurance providers. However, you can use the tips mentioned below to help or guide you in ascertaining their capability and in choosing the right firm for you.

They are: ascertaining the financial capability of the insurance firm knowing if it is can pay your claims in case there is a medical emergency, there is also the need to confirm if this company has agents or offices in the area you plan to visit, especially if you are traveling overseas.

Other tips that can help the elderly who seek the over 65 travel insurance package and similar policies in choosing the right insurance firm that will deliver value are: checking the “Medical Information for Americans Traveling Abroad.” flyer with the U.S. State Department that has a list of firms which offer health and emergency assistance policies. You can get the flyer by making a call to (202) 647-5225 or through the web. Also the company should offer a 24 hour toll free customer service number if the company does not have agents or an office in the area you wish to visit.

Travel insurance for seniors may not be as easy as 1,2,3 to come by, but more and more companies seem to recognize the potential the people in this age group offers when it comes to holiday insurance. Every traveler should endeavor to get information about the culture, climate of the areas you plan on visiting. You can get such information from libraries, travel magazines, travel agencies, bookstores, online from various websites; this includes the website of the nation you want to visit, tourist bureau, etc. There are usually wonderful resources available at the US State Department. Once again you can call (202) 647-5225, or try the Department’s website.

One necessary thing one ought to do before getting over 65 travel insurance or some other travel insurance for seniors is for every traveler to go through their homeowner’s policy or any other insurance policy they might have to find out if cover is already offered for potential travel mishaps. Seniors must remember that the American government will not pay for medical evaluations and neither will Medicare pay for services that are rendered by physicians outside the U.S. Finally, travelers having taken any of the travel insurance for seniors must endeavor to make photocopies of all travel documents and policy and distribute these copies among trusted friends and or family members back home just in case this might be needed in case of an emergency.

Taking Note of the Scenarios Covered by the Travel Insurance

There are different types of coverage plans for travel insurance comparison. A number of companies give package, medical, evacuation and accident plans. Depending on how it will suit you well, the travel insurance plans may be further tailored to suit your needs and budget preference.

Travel insurance comparison of all the available plans are all mixed together in a package plan. Impediments to your journey, a loss of baggage, assistance for travel and medical matters and accidental death benefits are all included in this plan category. Payment for damaged third party properties, such as leased cars, is covered by some insurance companies.

A better spelled out level of insurance policy for single trip and multi trip holiday insurance is offered by medical travel insurance. The most comfortable budget can be personally picked, which will cover the medical expenses to be incurred during the entire time that you are traveling. The same provisions are given in multi trip policies but it covers longer and it includes the travel schedule length.

Another aspect in the travel insurance comparison matrix is the evacuation insurance package. For this insurance type, the person may be assisted in the event that a grave injury occurs in the process of travelling. As part of the policy, the cost for medical transportation and the nearest clinic or hospital are included.

Accidental plans will complete our list of the travel insurance comparison data. Crucial injuries ending in loss of a body part or even death as you travel will be covered. Just as you can choose the amount you wish to place into your insurance coverage in other policies, you can also apply it in this one.

You need to employ the line by line analysis if the travel insurance comparison matrix presentation still leaves you undecided. Thus, the specifications will be coming from you and all you need is to plot it to find which policies can cover them. By doing this, the actual worth of the amount you are paying for becomes clear.

A good guideline on what you may consider in your line by line travel insurance comparison are trip cancellation, trip interruption, medical expenses, medical transportation coverage, lost or stolen luggage and all day all night travel advisory assistance. Ranking the categories in order of preference will be of great help. This will show you the way to find the most suitable policy for you.

It is important, however, that you have ample knowledge about the company before you actually shell out a big sum of money for the insurance of your choice. By no means should you miss out on doing a background check on the insurance company. It is always wire to inquire for relevant opinions from people you know about the company.

Once you have finally arrived at a decision after reviewing the travel insurance comparison study, it is now time to read on the fine print of the insurance plan. The company’s authorized representative need to hear the note taking you have made regarding the situation coverage especially your concerns. Once all questions have been satisfied, you may now pay for the premium amount as relayed in the contract.

An adequately presented travel insurance comparison matrix will give you enough knowledge to decide on the insurance product that will optimally help you prior to your trip. The travel holiday becomes more fun if you rest your mind and have an insurance. Always be smart as you travel and take extra care.

International Travel Insurance For Comfortable Travel

International travel insurance has been a catch phrase for people who have taken trips abroad and have visited different places across the globe. All the trips of people have normally been accompanied with travel insurance to cover the said trip and protect the individual. But the question remains as to what these travel insurance policies really are and if these are truly justified with the welfare of the traveler.

As a matter of course, these insurance policies are very important to say the least. There are explanations of course, as to why such insurance is very important to the tourist or the traveler. It is worthy to note of several reasons in making the acquisition of travel insurance an important exercise.

When it comes to international travel insurance, there are many choices and alternatives to take. There is an inventory of choices for you to take and there are different plans which may be tailor fit to suit your requirements and cover you for any accident which may happen in the course of your traveling. There are basically four types of insurance coverage terms.

1) Emergency medical insurance. This provides full coverage for diagnosis and medical attention to an injury or illness which happens during travel.

2) Trip interruption or cancellation. The reasons for trip cancellation are varied and may range within the following reasons: illness, forfeiture of assets, traffic accident along the way, termination from employment, crime, terrorist attack, inclement weather, strike, or other civic duties.

3) Misplaced luggage insurance. This insurance answers the costs of lost, stolen, damaged or delayed luggage for more than 12 hours against personal items and expenses.

4) Trip accident coverage. This basically provides insurance coverage during your flights abroad.

You should take extra care to plan ahead and prepare enough for you and your family when considering which worldwide travel insurance to take. While opting not to take insurance for yourself, it is best to realize that saving a few dollars might not be worth it compared to the potential risk you take when you do not have a comprehensive insurance coverage.

For a minuscule amount of money, you can afford good and adequate protection for you and your family with travel insurance for any unforeseen circumstance or emergency situation. It is better to be insured comprehensively, with provisions for insurance that is wide-ranging, from delayed luggage to flight cancellation. Remember that the few dollars you save from not getting insurance may not be worth the risk you are exposing yourself.

Similar to other insurance coverage policies, the travel insurance functions by taking into consideration all the possible risks and untoward circumstances which may happen to you and your family. While the insurer would present you with the different insurance coverage proposals, it is up to you to select which program or coverage would best suit your needs.