Why Travel Insurance is a Must

Posted on | November 26, 2009 | 18 Comments

Travel insurance is necessary for your vacation packages and without it all your travel dreams cannot come true. Travel insurance is essential for a traveler as it covers your medical and financial expenses and losses incurred on your domestic or international travel. It’s usually arranged at the time of booking the trip and covers the exact duration of the trip.

Many travel agents offer insurance, as part of their travel packages but it will be worth for you if you arrange it on your own through an online source. You can search for a good insurance policy and choose between single and multi trip insurances. If you plan to travel once in a year, then travel insurance of single trip policy will be suitable. But if you have plans to travel frequently then you can consider taking multi trip insurance policy. Continuous insurance can be bought from travel agents, travel suppliers like tour operators, cruise lines and companies offering travel insurance.

A multi trip insurance policy is commonly referred as annual insurance travel policy and can save big money in the long run. While arranging for insurance policies for travel, be clear with what the insurance coverage is provided along with the inclusions and exclusions. Always remember to look at other things also if you look for a compromise between your travel insurance coverage and the premium to be paid. Never assume that a policy with cheap premium will not offer good insurance coverage. This may work in reverse also. A policy taken at a higher price need not cover all aspects of insurance coverage required by you.

As a traveler you face lot of problems and risks while traveling like loss of property and money, trip cancellation, natural calamities, accidents, occasionally death and terrorist attacks. You cannot prevent these risks or stop your travel plan but you can reduce the risk involved by taking travel insurance policies.

The concept of travel insurance is very simple. You pay a travel insurance premium to the company and they in turn covers for your loss of valuables, accidents and unforeseen things.

The premium you pay for travel insurance covers risks faced on travel like:

There are lots of possibilities for trip cancellation due to unavoidable circumstances and last minute cancellation will fetch you very less amount as refund. Your travel insurance covers such losses and provides the cancellation cost but the reason for cancellation must be part of the agreement you have signed with the company.

If you lose your baggage then the insurance company pays for the baggage cost but again based on the rules of your insurance contract. A travel insurance policy sometimes covers your medical expenses if incurred while traveling. But if you have got health insurance separately then you don’t have to spend again for health insurance during travel.

Generally travel insurance covers other things like accidental death, medical evacuation etc.

An important golden rule of all insurance policies is to go through the agreement carefully because most of the time you apply for insurance policies during emergencies.

Travel insurance is offered with various options for different types of travelers like student, business, adventure, international and leisure travelers. Travel insurance is also offered for participating in sports involving high risk and traveling to certain countries which have a high risk.

Comments

18 Responses to “Why Travel Insurance is a Must”

jdepluva10
November 26th, 2009 @ 11:06 am

lemme just say… you are my new hero.
MaikelCuminme
November 26th, 2009 @ 11:16 am

Usually these types of policies reimburse on non specific items based on a capped rate. You have to read the policy carefully to determine coverage. (you ask a good question though)

I usually use TravelEx. They have been great to me in the past when I have needed to file a claim. Here is a link for a free quote.

http://www.travelex-insurance.com/index.asp?location=07-0018
Kathy P-W
November 26th, 2009 @ 11:29 am

Try this one: https://www.imglobal.com/travelinsurance/index.cfm?IMGAC=53925&app_method=3&CFID=8946660&CFTOKEN=e6d70992ce506536-A42AEAB2-1143-EBE5-7614B146F3F6B3D0
bestiockerone
November 26th, 2009 @ 11:36 am

hermosisimooooooooo !!!
Akachubbi
November 26th, 2009 @ 1:46 pm

Omfg, it just looks like a picture
Elyse
November 26th, 2009 @ 3:59 pm

health-quotes.talk4fun.net – here is my health insurance plan. As I remember they can provide such a service.
Nathan C
November 26th, 2009 @ 7:24 pm

You are not a UK resident until and unless you have an indefinite leave to remain visa (permanent resident) stamped on your passport. And you will have to spend 5 years on work permit visa before being eligible to apply for indefinite leave to remain. Previously it was 4 years.
BennyIsip
November 26th, 2009 @ 8:13 pm

superb!!
drk_grl
November 27th, 2009 @ 8:04 am

No.
When you enter France nobody ever asks you about travel insurance and I've been going for over forty years.
Your travel agent is trying to make a profit out of you..
It is , however ,wise to have travel insurance but you can buy that independently on the internet and it is usually cheaper than buying from a travel agent
ella
November 27th, 2009 @ 11:53 am

The International Medical Group offers medical insurance for citizens of every country travelling world-wide (trips of 5 days – 5 years.)

IMG is an A rated carrier (by AM Best) and is underwritten by Sirius International (with offices world-wide, including the UK and the headquarters in Sweden.)

You can get more info and quotes online: https://www.imglobal.com/travelinsurance/index.cfm?IMGAC=224027&app_method=3&CFID=705225&CFTOKEN=2e7d82641e969a6a-3D0821AA-1372-4E40-F36BE0FE4ADD6A61
ohsuckitup2
November 27th, 2009 @ 1:03 pm

wow!
GargameL434
November 27th, 2009 @ 2:33 pm

hi all everybody plz watches in my videos and rating .. plz plz plz !!!!!
?Purple?
November 27th, 2009 @ 5:30 pm

Okay I presume U r not in US. From lets say, Singapore U have to buy a policy either PERSONAL ACCIDENT, MEDICAL & HOSPITALISATION , TRAVEL & HEALTH .

U have a choice in the type of policy U need & at best, U buy 1 PA policy for $100,000/= & medical is yearly so U are insured for any sickenss but U ahve to pay this out first 7 only after U return to U country U can claim the expenses back.

The other is a 100% 1 st CLASS TRAVEL POLICY, is not they will not entertain ur claim as I have found out. BE WISE!!
PA is personal accident & if U r in asia, should U ahve 2 policies,,,,only 1 WILL PAY OUT .

The policy from asia is valid for 6 months travel out of the country.
bonzaibb
November 27th, 2009 @ 5:37 pm

A good travel insurance company I would recommend would be The Benefits Group, Inc. http://www.healthbrokers.com/travel.htm, which offers a variety of different plans in order to meet the needs of different people. Visit this website and it will explain all these plans.
WitchyLioness
November 28th, 2009 @ 5:26 am

I always love your art. Now I love your music
0oxHAPPYxo0
November 28th, 2009 @ 6:42 am

Beautiful video!
emptyroomrecords
November 28th, 2009 @ 7:49 am

You are amazing!
ouleixia
November 29th, 2009 @ 9:30 am

Here are some links-
I had a similar situation- I was living in the Caymans Islands, no longer a Canadian resident, and wanted to travel for the summer. But every policy required that Canadian citizens be insured in their home privince, which I no longer have as non-resident. IMG was the only one I found, but as you DO have Canadian insurance, this will be easy for you. There are lots of short-term plans.

https://www.imglobal.com/travelinsurance/index.cfm?show=&&CFID=1718830&CFTOKEN=d9392e2d0226f2d2-EC75C061-1143-EBE5-76B31862584AA777

http://www.internationalsos.com,
http://www.travelexinsurance.com,
http://www.ijet.com,
http://www.travelassistance.com,
http://www.wallach.com,
http://www.travelguard.com,
http://www.independenttraveler.com/resources/article.cfm?AID=48&category=8,
http://www.ricksteves.com/plan/tips/insurance.htm.

bor-scouts.com

The Advanture Vacation Guide

Why Travel Insurance is a Must

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