| |
| |
|
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:
Google News |
|
|
|
RELATED ARTICLES
Motor Vehicle Accident Insurance Claim Guide This is a FREE Insurance Claim GuideYour "Motor Vehicle" can be a truck, car, motorcycle - - you name it! If it's powered by a motor and has one, two, three, four (or even more) wheels this "Guide" is for you.The information below is a bare-bones "Guide" for those who have had such a motor vehicle accident. Online Insurance Quotes California Auto Finding insurance quotes for California auto is now pretty easy. There was a time where finding auto insurance at a price we were willing to pay took a lot of driving and calling around. The Awful Truth about Annuity and Insurance Leads You see the websites, you see the ads: exclusive, never before sold, prospects eager to buy, insurance and annuity Leads. Some leads cost a few dollars - others are over one-hundred a pop. Independent Insurance Agents Unite! Insurance and Financial Discussion Forums are all the Rage The online discussion forum has emerged as the medium of choice for many Americans. Most recently, forum platforms like vBulletin, Infopop, and Snitz have enabled the novice webmaster to host and moderate their own forum. 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. How Much Car Insurance Should You Buy? Car insurance is one of the most dreaded chunks in your budget. And depending on which state you live in, it could be a smaller or larger chunk of your budget than your neighbors across state lines. Medical Bills - Evaluating Your Personal Injury Insurance Claim The value of a personal injury claim has a direct relationship to the amount of your medical bills. Why? Because a claim with medical bills of $500. Protecting Your Expatriate Family If you and your family relocate overseas, one of your first priorities from a financial planning point of view may very well be establishing health care.Costs and services abroad can differ greatly to what you are accustomed to 'back home'. Discount Car Insurance Brokers - Get Amazing Comparisons To get the cheapest possible quote for your car insurance, your best bet is an online discount car insurance broker. A broker does not deal with one specific car insurance company, but rather searches through every available company to find you the best possible quote. Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured? Gone are the days of the cinder block and wood plank bookcases. You've come along way from that old reliable jut rug and CDs (or in some cases, actual vinyl albums) stored in milk crates. Why Do You Need Homeowners Insurance? The biggest single investment most people make in their lifetime is buying a home, condominium or townhouse. What you want to do is protect your home, personal property and any type of liability with a homeowner's insurance policy. Life Insurance Basics One of the most important things you can do as parents is to ensure the financial welfare of your children in the event of your death. Life insurance is the best way to be rest assured that your children will be taken care of if you die. Affordable Life Insurance! So, you've decided to purchase life insurance. Well then, you have made a good decision! If you have dependents, you know that you must provide for them long after you are gone. If You Rent A Home, Protect It By Buying Renters Insurance Renters insurance is often overlooked by people who are renting their house or apartment. Many people don't realize that their landlord's insurance only covers the building that you live, there in no coverage for your personal belongs. Finding California High Risk Truck Insurance California high risk truck insuranceIf your are in need of California high risk truck insurance there's an easy way for you to find it. Fortunately with the advent of the internet and database development in the auto industry you shouldn't have any difficulty with California high risk truck insurance. Converting An Unwanted Life Insurance Policy Into Ca$h Do You Own A Life Insurance Policy That You No longer Need or Want? It is possible that you may be able to can get a CASH settlement in excess of the current cash surrender value by selling your policy in the secondary market to an investor.Reasons To "Sell" A Policy:Family Situations Bankruptcy Estate Reduction Estate Tax Revision Business Was Sold 1035 Exchange Drain On Income Divorce - Separation Death of A Spouse Retirement Declining Health Non-Performing Policy Wealth Planning Work Related ChangesQualifying Types Of Life Insurance:Group Whole Life Term (Convertible) Joint Universal Variable Key Man (business related)Who Is A Qualified Candidate?Mature men and women over age sixty-five years of age who have an existing life insurance policy and whose circumstances have changed since purchasing the policy originally may qualify for a purchase and sale of their policy. What Is Homeowners Insurance Coverage? Before attempting to find the best homeowners insurance coverage you should make sure that you are familiar with what homeowners insurance is and what it can do for you. A standard policy provides financial coverage to your house and the property within the house. Long Term Care Insurance How Much Should I Buy? Long-term care insurance policies have a variety of features and it pays to shop around. It is quite easy in the final years of your life to run up extremely large care bills which could threaten your life savings, home and your children's inheritance. Insurance for Those Who Run Bed and Breakfast Properties A Bed and Breakfast, often referred to as a B&B, is a private residence with several rooms of which are set aside for overnight guests whose paid accommodations include breakfast. Modern Bed and Breakfast often consciously tries to recall earlier days - they are generally established in charming older houses which have been refurbished and adorned with antique furniture. How To Negotiate A Settlement With An Insurance Claims Adjuster You and I. M.
|
| home | site map | contact | Partners |
| © 2006 - insurance-information.cliczoom.com |
