Travel Insurance is designed to protect your health, belongings, and your financial investment in your trip. It provides peace of mind for you and your family while on your vacation.
If you are travelling abroad, be it on business or pleasure it is a good idea to consider taking out travel insurance. Whilst it is not compulsory, most travel companies and tour operators usually insist on some form of insurance as a stipulation of their holiday product.
Travel insurance is an insurance product specifically designed to cover you when travelling abroad. We all think about the small things when considering whether to purchase travel insurance, such as loss of money or having luggage stolen. However there are many other factors to consider such as illness & accidents which can also be covered by travel insurance.
Travel insurance is designed to protect and cover against the possible risks you may encounter when travelling abroad. It is of crucial importance if you are travelling abroad, especially if you are likely to pay for any medical expenses that may arise. Other risks include the loss or theft of possessions, the cost of cancellations or claims made against you.
Travel insurance is designed to reimburse non-refundable trip deposits and payments, medical expenses, provide for emergency evacuation or repatriation, cover your personal belongings, baggage and travel delays.
The main reason you need travel insurance is that when you travel to different countries the healthcare services, among other things, can be very different. Sometimes you never know what to expect when you travel abroad, and depending on the particular country, services offered can vary greatly. You have to be prepared to handle any situation that might arise. If you happen to be hurt or become ill in a country that has expensive health care you could find yourself with a bill you did not expect and probably cannot afford to pay. If you are in this kind of trouble travel insurance fits the bill and ensures that you receive the treatment you need.
Travel insurance can cover the following expenses:
Non refundable fees & lost deposits due to cancellation of your trip
Worldwide sickness or accident medical expenses
Travel and Baggage Delays
Damage to or loss of luggage and personal belongings
Loss of Travel Documents
Additional expenses caused by health problems
Accidental Death & Dismemberment
Emergency Evacuation and Repatriation
24 hour Worldwide Emergency Assistance Services
As in all insurance market places, there are many different providers of travel insurance. Type of cover and options will vary according to the company and policy. There are different types of travel insurance policies which in the main can be annual policies or single trip policies. There also different levels of cover available where different activities such as skiing are covered. There are also regional differences such as Worldwide or European cover.
When choosing a travel insurance policy you will need to make a judgement between the level of coverage you require and the cost of the policy. Make sure your policy covers most of the following: Personal Belongings & Money, Personal Accident, Medical Expenses, Personal Liability and Legal Expenses.
But remember like all other forms of insurance look around and check out the options as you can save yourself a great deal of money.
You may freely reprint this article provided the author's biography remains intact:
About The Author
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
Several key changes are necessary to get control of the... Read More
Several national rating institutions rate insurance companies. Do coverages, rates,... Read More
The three C's, customization, consumerization and customer-satisfaction, seem to be... Read More
You can pay as you talk with a cell phone... Read More
Life insurance is a personal insurance plan designed to pay... Read More
The issue at hand is the use of a consumer's... Read More
If you are in the market to purchase your own... Read More
The best judge of Total Disability and/or Partial Disability is... Read More
Many economists have suggested and recent economic data indicates that... Read More
Consumer-driven healthcare is a label that we've put on a... Read More
Most of you have heard about "consumer directed health plans".... Read More
When I was a lad, some 25 years ago, the... Read More
Filing a homeowners insurance claim can be done with ease... Read More
Health Insurance: a sense of dissatisfactionThe three C's, customization, consumerization... Read More
Life insurance can be a very scary thing. If you... Read More
Car Insurance is an issue that we all of face... Read More
If you're self-employed and facing high health insurance bills, there... Read More
For many years in the UK, motor insurance has been... Read More
Home Insurance is designed to provide you with financial protection... Read More
Here is a useful guide to Home Insurance. Home insurance... Read More
Is pass plus really worth it? What motor insurance discounts... Read More
Americans shopping for their own healthcare insurance can substantially cut... Read More
Personalisation, Digitalisation, Mobilisation, these 3 words represent your life today.... Read More
Here comes the insurance adjuster. Is he overly friendly? If... Read More
Many people ask, "If I am supposed to get a... Read More
How do you know if what you are paying for... Read More
Shopping for car insurance can be a big undertaking. It... Read More
When delving deeper into the market-driven research on the myriads... Read More
With the cost of car insurance becoming more and more... Read More
If you've just bought a dinghy or are thinking about... Read More
Here are some useful tips on how to reduce Home... Read More
Catering truck insuranceNot many agents/brokers write catering truck insurance as... Read More
Following on from the tube train and bus bomb attacks... Read More
If you do not understand the way that auto insurance... Read More
Listed below is a useful guide to life insurance terms.... Read More
Long Term Care Insurance is needed in the event that... Read More
The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around... Read More
Most people only think that insurance is something they need... Read More
Following on from the tube train and bus bomb attacks... Read More
How is your driving record lately? Do you have a... Read More
Risk ManagementAlternate Risk Transfer is a fancy way of saying... Read More
Gone are the days of the cinder block and wood... Read More
Drivers are applying for auto insurance online not just for... Read More
There are many options available for life insurance, and for... Read More
A "Life Settlement" is a lump sum settlement paid to... Read More
An auto insurance claim adjuster works for the insurance company... Read More
First the bad news: about 2,000,000 personal bankruptcies each year... Read More
Forcible and violent entry (f&ve) is the terminology used within... Read More
This article is written by a 27 year old female... Read More
Car insurance rates are prohibitive nowadays. Many families really struggle... Read More
A Health Savings Account (HSA) is not a type of... Read More
Car Insurance is an issue that we all of face... Read More
If you've been out of school for a couple of... Read More
Home security improvement:All insurance companies will happily offer you a... Read More
Consumer-driven healthcare is a label that we've put on a... Read More
Americans shopping for their own healthcare insurance can substantially cut... Read More
If you've read any of the books or articles by... Read More
Following a few simple tips and taking these measures will... Read More
When I was a lad, some 25 years ago, the... Read More
Most of us don't like thinking about our own funerals,... Read More
Renters insurance is often overlooked by people who are renting... Read More
Here is a useful guide to Home Insurance. Home insurance... Read More
With a rise in those looking to venture out on... Read More
A new financial tool is now available for senior citizens.... Read More
When we talk about insurance the thing you have to... Read More
Most people don't realize that there are 7 different homeowners... Read More
Insurance |