Travel Insurance

The biggest question when travelling within the contiguous United States or abroad, is whether or not to buy travel insurance. Travel insurance is offered in packages that combine different types of coverage. Take your time, don’t feel pressured to peruse all your options and determin what you need and what you don’t need. Don’t forget, that you can also customize your travel policy to fit your requirements.

The key components of travel insurance must and should include the following:

• Medical: Standard health insurance doesn’t cover its policyholders while they travel, especially travel to foreign countries. If a policyholder only has Medicare and other national health service, insurance for travel is not even a factor. When travelling and you have to be hospitalized, chances are if you don’t have travel protection, your claim will be denied. Many travel insurance policies will reimburse medical expenses no matter what health care facility that you use. Also, in travel policy, thee is a clause for medical emergency evacuation back to your home country, which normally would cost you thousands of dollars.

• General Travel: If your trip is canceled, delayed, or interrupted, travel insurance covers many of these unforeseen events. Not even credit cards will provide this type of coverage.

• Baggage: Lost, stolen or misplaced baggage is the bane of travel existence. Yes, certain credit cards and airlines will reimburse you for your loss. But many travel insurance policies also covers damage above and beyond your flight mishaps and their reimbursement is nearly 100%.

• Accidental Death and Dismemberment: Of course, you know that your general life and health insurance includes this coverage. Many insurance policies for travel have higher payouts and they are not as critical about how your dismemberment or death occurred. Travel insurance coverage provides a lump sum payout, dismemberment is paid at a high percentage, and what is great is that insurance for travelling is an added addendum to the insured’s other life insurance or disability coverage.

The basic benefit of travel insurance is that you are covered if something were to go wrong and you don’t have the money. Just like traditional insurance policies, take the time to read your travel insurance policy to determine if it fits your travel needs. Other benefits of agreeing to a travel insurance policy is that it covers any added expenses if you miss your flight, both outgoing and incoming.

Also, if you happen to accidentally hurt someone else, like when skiing or road racing abroad, travel policies cover you under personal liability coverage. What about legal expenses, yes, if you become involved in litigation issues, your legal expenses are covered. Another great factor in purchasing a travel policy is that it doesn’t matter what your age is, senior citizens are covered, just the same as younger insured travelers.

Time is important – consecutive travel is unlimited, travellers are not limited to just a week or two, you are covered for up to 30 days per trip or a total of 90 days per year. Insurance protection is a part of our daily living expenses and travel insurance is not different. It is stressful trying to get reimbursed for the expenses of unpredictable problems when travelling under standard policies. Whether you are travelling to domestic points or internationally, travel insurance has great 24 hour customer service hotline. Remember, not all plans are the same, therefore, review your insurance plan before you buy it.

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