WHY YOU SHOULD TAKE UP A TRAVEL INSURANCE POLICY

TRAVEL INSURANCE | DEFINITIONS, TYPES, AND BENEFITS

This is the kind of insurance that is entered into in order to clear out medical expense, in case of trip cancellation, your luggage lost, flight crash and any other losses incurred while traveling. Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip or a multi trip policy which covers an unlimited number of trips within a set time frame. Some travel policies offer lower and higher medical options the higher ones are mostly for countries that have high medical cost such as the United States.

Travel insurance are packages of insurance coverage and travel assistance service which provide comprehensive travel protection for you and your family before and during the trip. Expected and unexpected incidents can occur or often do occur before or during your trip that would cause you financial loss you need to buy travel insurance to protect you against the unexpected.

If you get sick or injured while traveling abroad, most domestic health insurance plans provide little or no coverage outside the coverage area (Medicare does not cover outside the United States)

Travel insurance also offers coverage for loss of checked luggage, travel delay and luggage delay. Travel insurance covers many unforeseen events like you, your family, your traveling companion who has medical emergency or dies or your travel supplier goes out of business or bankrupt, bad weather, travel delay a plane crash or there is terrorist incident in a city you are visiting. Some benefits are then medical are provided only one per trip. For example if your luggage is delayed twice, you reimbursed only once.


Benefits Of Travel Insurance:

Most travelers uses a lot of time and effort thinking seriously a good vacations but they often overlook the advantage of having good travel insurance to illnesses and accident when they are traveling in a strange land. And there's no certain way to save you  from unfortunate incidents likely to taking place.

Travel insurance offers financial recovery for medical expenses that are incurred because of accident and illnesses.

Travel insurance also covers medical evacuation which means travelers do not have to pay medical emergency transportation expenses with their own money.

In he case of trip cancellation and interruption, travel insurance provides protection against such. When an emergency arises before or during a vacation, travelers may have to cancel or cut short their trips since they have already paid for their vacation. And this will result to a large sum of money.

Note: if you can meet with an accident or lose your travel documents you can seek assistance from your insurance company. The company will offer the best advice or contact local emergency service to help your problems in the shortest time possible and this is most effective when you travel to a country where English is not been spoken as a common language.

The most risk that are covered by travel insurance plans are:

1.  Medical treatment

2.  Cancellation, curtailment and trip interruption which further include:

a.  Jury service

b.  Death bodily injury, illness, diseases or pregnancy complications

c.  Compulsory quarantine

d.  Prohibition of travel by the government to the intended destination

e.  Death or serious illness of a family member (subject to age restrictions)

f.  Trip cancellation

g.  Visitor delay insurance

h.  Oversees funeral expenses

i.   Travel delays due to weather

j.   Flight connection was missed due to airline rescheduling or delays.

Others may include:

a.  Rental car coverage

b.  3rd party supplier insolvency

c.  Acute onset of pre-existing conditions

1. You may be required to meet certain requirements for those travelling to the USA which is to have a qualified plan during their period of study.

2.  Health insurance is mandatory for visitors to enter the UAE (Dubai, Abu Dhabi etc.) and require a visit or tourist visa

3. Companies running group tours often require insurance, as do many cruise companies