Why You Need Travel Insurance on Your Next Vacation
The main reason to get travel insurance is to protect ourselves from the massive financial burden if we are unfortunate enough to be injured or become ill while travelling. Medical expenses for injury and illness for foreigners can be astronomical.
A medical emergency overseas can cost hundreds of thousands of dollars. Most insurers cover these types of emergencies for at least the tune of $500,000, $2 million is even more common. On average a medical claim is around a thousand dollars and medical are the most common types of travel insurance claims.
1. Read the fine print and understand what your insurance covers, buying it is not enough you still need to know what your responsibilities are. You must take due care and attention, pay attention to those words in your policy. Most refusals to pay from insurance companies are because people have not been clear about their responsibility of due care.
2. Even the most basic insurance providers can adequetly cover the most common travel insurance claims. Look for cover for medical, lost and stolen luggage and missed/delayed flights.
3. Make sure you note cameras, laptops and other expensive items as optional extras to your insurance company. Insurers often take depreciation into consideration so if you have to make a claim on these items do it as soon as possible. You also might ask if you can cover these items for an agreed value.
4. Annual insurance plans can mean signifcant savings if you are a regular traveler, they are well worth investigating for frequent travelers. Id you have a rewards credit card you may find they offer free insurance, cover is very specific though so check carefuly, you are usually only covered for flights and items purchased with the card.
5.When you buy travel insurance always provide full disclosure as the fine print will explain you could be squandering your money if you don't divulge pre existing conditions or other circumstances that may effect your insurers ability to cover you.
Travel insurance is not something to ignore to save a little money. The stress it can save you from is worth it. Becuase things like flight delays and lost baggage are so common travel insurance the more often and longer you travel it only becomes a matter of time until you will need or will really wish you had taken out that insurance policy. - 23211
A medical emergency overseas can cost hundreds of thousands of dollars. Most insurers cover these types of emergencies for at least the tune of $500,000, $2 million is even more common. On average a medical claim is around a thousand dollars and medical are the most common types of travel insurance claims.
1. Read the fine print and understand what your insurance covers, buying it is not enough you still need to know what your responsibilities are. You must take due care and attention, pay attention to those words in your policy. Most refusals to pay from insurance companies are because people have not been clear about their responsibility of due care.
2. Even the most basic insurance providers can adequetly cover the most common travel insurance claims. Look for cover for medical, lost and stolen luggage and missed/delayed flights.
3. Make sure you note cameras, laptops and other expensive items as optional extras to your insurance company. Insurers often take depreciation into consideration so if you have to make a claim on these items do it as soon as possible. You also might ask if you can cover these items for an agreed value.
4. Annual insurance plans can mean signifcant savings if you are a regular traveler, they are well worth investigating for frequent travelers. Id you have a rewards credit card you may find they offer free insurance, cover is very specific though so check carefuly, you are usually only covered for flights and items purchased with the card.
5.When you buy travel insurance always provide full disclosure as the fine print will explain you could be squandering your money if you don't divulge pre existing conditions or other circumstances that may effect your insurers ability to cover you.
Travel insurance is not something to ignore to save a little money. The stress it can save you from is worth it. Becuase things like flight delays and lost baggage are so common travel insurance the more often and longer you travel it only becomes a matter of time until you will need or will really wish you had taken out that insurance policy. - 23211
About the Author:
Dan Haneveer is an avid traveler who knows first hand the importance of being insured. Find a review of world nomads travel insurance and get a world nomads code
posted by X - Men @ 6:06 AM
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