bor-scouts.com » Annual Travel Insurance

Why it Pays to Shop Around for Travel Insurance

guider — Wed, 23 Dec 2009 09:53:48 +0000

It should come as no surprise that the Treasury has recently announced a review into the sale of travel insurance policies with package holidays. Consumer groups, such as ‘Which’ magazine, have been clamouring for a change in the law, because it appears that consumers have been getting a raw deal, in terms of over-priced and often inadequate cover. The government has set itself the task of calling for evidence and consulting widely before making its decision, be that to keep the ‘status quo’, go for tighter self-regulation by the travel agents and tour operators or bring the industry under full FSA regulation as it does for the ‘standalone’ insurance sector.

A review is long overdue, given that some 20 million consumers purchase travel insurance policies in the UK each year in a market estimated to be around £670 million pounds in 2006. As ‘Which’ have recently reported, there is evidence of mis-selling by tour operators and travel agents who account for almost 50% of all travel insurance sales. Whilst, it is probably only a minority who fall into this category, it is not hard to see that getting a customer to take out a travel insurance policy at the time of booking a holiday is a very lucrative way of boosting profits from the commissions earned. That’s all well and good, provided the advice given is accurate and customers are given access to all the information they need to make an informed judgement but sadly this is not borne out by the statistics. According to the Treasury, whilst 81% of banks and insurers explained what the policy covered, this falls to a pitiful 19% when a policy is sold through travel agents.

It always pays to shop around and it is hardly surprising that the internet has seen a huge growth over the last five years and this trend is set to continue. Not only does the customer get a wider choice than what is on offer over the counter at a travel agent, but it is so much easier to tailor a policy, all by a simple click of a mouse. Moreover, internet based companies do not have the high overheads of the travel agent in the High Street, which means cheaper premiums which can only be a good outcome for the consumer.

Gap Year Travel Insurance Help!

guider — Tue, 22 Dec 2009 09:50:25 +0000

Taking a year out to go traveling? Make sure you have organised a travel insurance policy before you travel, the last thing you need is to spend all your hard saved money on unnecessary bills like medical expenses.

With no travel insurance such as a huge amount could mean having to re-mortgage or worse sell a house to cover the costs. Just a broken leg or some sickness abroad can cost a huge amount as medical expense. Roughly around £10,000 for a broken leg expense abroad. If you’re a traveller taking time out for a Gap Year or extended time abroad, either travelling or working or even visiting distant relatives, Gap Year Travel Insurance helps you.

If you are a young traveller, looking out for a long vacation gap travel is the apt one for you. You can cover around 80 sporting activities such as scuba diving, winter sports and bungee jumping, some at additional cost. Go skiing, bungee jumping or any other sports activity with gap year travel package. Get insured at the most favourable rate, insurance for gap year travelling helps you choose the best travel insurance.

Also consider how you’ll keep in contact with family and friends back home; most countries have internet cafes and phone cards to help you. Or you may decide to take a laptop and use wireless internet points which are usually available in hostels and guesthouses.

Be aware that some insurers may not cover for certain countries so it’s worth doing a quote first, to get an idea of countries you will be covered for. A policy covering personal belongings and medical expenses is the bare minimum you should take out; one which will reimburse you for any further cancelled flights or other modes of transport is also a good idea.

Few tips when you travel abroad carry copies of visas, passports and medical records in a different place to the originals. Send such copies to family and friends before you leave, and even email them to yourself. Carry contact numbers and addresses of the British Embassies of each country you visit, so that in case you need it on an emergency you have it handy.

Get special cover on your backpacker insurance, these specialist policies can offer incentives that regular policies can’t, including cover from three to eighteen months. Such backpacker travel insurance uk policies, also cover working overseas, which is usually necessary for an extended trip.

Benefits of Multi-trip Travel Insurance for the Frequent Traveller

guider — Tue, 22 Dec 2009 09:49:30 +0000

Multi-trip travel insurance is also known as annual travel insurance. This type of policy is fairly self-explanatory. It can provide insurance coverage for you for a whole year from the moment you apply for the policy. This plan is ideal if you are planning to take several holiday trips and participate in multiple annual sporting events. It can also be very useful if you frequently travel to attend to your business deals and transactions.

You can save a lot if you choose to get an annual travel insurance policy. This is also the biggest benefit you can get from multi-trip travel insurance. Although annual travel insurance would be more expensive than single trip insurance, you will be able to get multiple coverage from a single policy instead of getting one policy for each of your trips. Normally, the cost of annual travel insurance starts from £18.20. This basic plan will be able to provide comprehensive medical cover as well as coverage for included sporting activities.

Multi-trip travel insurance is also very convenient for you as you will not need to contact the insurance office every time you book a trip or plan a holiday vacation. With annual travel insurance in place, you can simply plan your travel and holiday trip without worrying about insurance coverage. Multi-trip travel insurance usually has unlimited cover for each of your trips, so simply pack your bags and gear and go on your way. You are guaranteed to have sufficient protection for most problems that may happen during your travels.

Multi-trip travel insurance can also protect your family travelling with you. A basic package will include free coverage for children who will accompany you during your holiday vacation. You can also get sufficient extra coverage for sports activities. You can also choose if you would like special add-on coverage for winter sports activities such as skiing and snowboarding. One big advantage is you can get 24-hour support services from the emergency services if you take advantage of an annual or multi-trip travel insurance package.

Typical multi-trip travel insurance is unlimited so you get protection every time you travel. But you have to know the options you have for the duration of each cover. Normally, you can have 31, 45, and 60 days trip cover. So you should carefully determine the duration of your stay in a single vacation place in order to avoid inconvenience due to having misread the terms of trip coverage. You can also have the option to transfer the cover to a companion if ever you have to cancel your trip or cut your holiday shorter than expected.

Multi-trip travel insurance provides financial security, convenience, and is very cost-effective. You should get a plan that is suitable for your yearly or annual travel itineraries. Getting annual travel insurance will eliminate the danger of forgetting to get coverage for your trip. Not only will you save money and time if you get annual travel insurance, you can also save yourself from the hassle of filling out insurance policy forms every time you go on a trip.

Corporate Travel Insurance: Buy For Hassle Free Journey

guider — Tue, 22 Dec 2009 09:49:04 +0000

Corporate travel insurance ensures to the owner that employees are comprehensively covered for traveling abroad on the company’s behalf, whilst receiving the added benefit of having their leisure breaks covered too. Corporate travel insurance provides a sense of security in the business owner that the employees are safe when they travel abroad due to company’s work. It is the perfect way to extend the benefits package of company to its employees
Corporate travel insurance helps employees to perform their work satisfactorily and at scheduled time so that the company can grow up rapidly. Corporate travel insurance helps not only assist the company in performing its work properly but also raises a feeling in the employees that they are also a part of the company. With corporate travel insurance a company can assure to the employees that company always care about the traveling related worries of employees and is always ready to provide you hassle free journey with corporate travel insurance.

Corporate travel insurance assist you in doing your work hassle free because your policy of corporate travel insurance ensures that you are protected against any mishap which may interrupt your work. Corporate travel insurance offers complete business travel services including flight reservation, hotels, car hire, currency exchange, private charters, group travel, cruises and passport & visa services. During your trip to foreign country these are some common problems which you might have to confront with in case you have not taken corporate travel insurance. In corporate travel insurance premium are company funded and eligible to all staff or just a selected number of employees.

With the payment of some extra premium on your corporate travel insurance policy you can get extra cover like 24/7 service for emergency bookings and changes in your trips schedule, loss of baggage and important documents and theft. In case of any medical emergency corporate travel insurance assures you the health safety by giving you the facility of emergency ambulance and emergency medical repatriation in foreign country.

A policy of corporate travel insurance can be searched better with the help of internet. Insurance companies have their own websites and they put all the information related to various policies including corporate travel insurance on these websites. So it is the easiest way to search online about the perfect policy of corporate travel insurance. Online you can get all information about the various policies of corporate travel insurance which is generally offered by companies to its employees. Thus a company can provide full coverage to its employees with corporate travel insurance when they are on some important business trip.

The Advantages To The Regular Traveller Of An Annual Travel Insurance Policy

guider — Sun, 20 Dec 2009 09:50:29 +0000

Just as we need to insure life, home and possessions, we need travel insurance against travel risks. Insurance companies have custom made plans for every type of travel so that you do not end up paying more if you are a frequent traveler. Standard plans offer risk cover for at the maximum for 90 days whereas a frequent traveler may not be sure of his travel plans which can be on the spur of the moment or premeditated.
Annual Travel Insurance is devised for those who travel frequently in a year. Annual Travel Insurance may appear a bit more expensive than a standard plan but it makes up with an extended duration as it remains active for a full year with one time premium.

Before buying an Annual Travel Insurance plan you need to read the fine print and understand the terms and conditions very carefully to avoid heart burns later in case of claim being filed with the company. Most of the travel policies do not cover risky activities like dangerous sports nor damage to your pets.

Another condition worthy of a scrutiny is that of an Excess waiver. This similar is to a deduction that most of other types of insurances have where you promise to pay a portion of the claim from your own pocket to avoid higher premiums.

Purchasing online travel insurance results in a saving of as much as 40% for customers. As companies save on overhead costs by selling policies online they offer reduced premiums and offer to cover more risks than they would do if you were applying in the conventional manner through an application. Such extended coverage offers may include home insurance and that of possessions. Buying insurance cover online actually translates into paying lesser premium for more coverage.

Companies have Annual Travel Insurance plans customized to the needs of an individual, group or institution. For example families that travel for Golf Tournaments often, may opt for a plan known as Annual Golf Travel Plan which will most of the time cover the risk of loss of golf materials as well as injury caused to a third party or any other liability incurred from playing golf.

For those traveling in groups requiring insurance cover for ten or more persons there are custom made Annual Travel Insurance plans for families, groups and institutions like schools that organize travel for sports events et cetera. Family packages are restricted to immediate members and for groups of non family members you have to look for policies meant for extended groups. Extended group insurance plans are less expensive and at the same time cover each member of the group.

Summing up, if you are a frequent traveler you should deliberate Annual Travel Policies and Group Travel policies if you travel in groups of more than ten. All policies have limitations and vary from company to company.

It would do you good to scrutinize the terms and conditions and go through the fine print with a magnifying glass. If you are fond of sports and/or indulge in risky activities then you may consider Sports Travel Policies or Golf Travel Insurance, which ever suits your demands better.