Travel Insurance
Travel Insurance is meant to cover financial and medical expenses and maybe losses incurred during traveling locally or internationally. To know more about travel insurance, read on.
Different Types of Travel Insurance
If you are planning to travel soon, you must be confused about availing the right travel insurance. This Buzzle article will elaborate on the different types of travel insurance to make your work easier.
Tip
If you are worried that the airline you are traveling by will go bankrupt and cease to operate, you can be covered by travel insurance that covers financial default.
There are many people who do not avail a travel insurance because they think it is totally unnecessary. However, once abroad, they fall sick or lose their passports and incur huge expenses. At that moment, they regret their decision of not taking a travel insurance policy.
There is no 'one size fits all' in travel insurance, and you will have to find a policy that will suit your requirement and budget. Hence, it is all the more important that you are aware about the different types of insurance prevalent in the market to gain maximum benefit from them.
Medical/Health Care Insurance
So, your tooth started hurting all of a sudden or you came down with fever while on a vacation to some exotic location. Don't worry as your medical policy will save you from getting a heart attack after seeing a huge medical bill. You never know what kind of a health problem may affect you owing to different cuisines, water, and climate. Allow the dentist to drill a hole in your tooth, not in your pocket. Hence, this insurance is a must for all those who intend to travel carefree.
Medical/Emergency Evacuation Insurance
Imagine that you were out for a trek in the Grand Canyon and you injured your foot badly. You are not able to move, and the only option you have is to get a helicopter evacuation. I know this expensive evacuation is going to be more painful for you than the injury itself, but it will be the only option you have. No one really thinks about such a situation before packing their bags for a happy trip, but this cover is highly recommended for everyone. Most of the time, it is included under the medical policy, but you have the liberty to avail it separately.
Accidental Death and Dismemberment Policy
This policy is a must for all those who really care for their loved ones. If you take this policy, it will cover you throughout your trip and will also include the time spent on flight. Not only will it help your nominee in the event of your accidental death, but it will also help you out if some accident or injury causes you to lose any bodily appendage. Needless to say, the accident will be investigated thoroughly before giving the compensation to your beneficiary or you. However, this is an inexpensive insurance policy, and it is advisable that you opt for it.
Family Travel Insurance
Family travel insurance is a convenient policy which covers the entire family. Hence, you do not need separate policies to cover each individual. Getting this policy is not only cost-effective, but sometimes under 18 individuals get covered for free.
Trip Cancellation Insurance
So, you missed the flight back home from Paris because your doctor told you not to travel for a few days. If you are covered under the trip cancellation insurance, the company will pay you rebooking fees or even a refund due to unexpected cancellation. It will also cover your accommodation and food costs. If your destination provider cancels the trip, a family member passes away, your house catches fire, etc., and you have to cancel your trip, it will get covered under this insurance. However, beware that a death of a friend will not qualify you for getting covered under this insurance.
Winter Sports Cover
In most cases, insurance companies will exclude coverage of winter sports like skiing, snowboarding, sledging, etc. Hence, you need a special winter sports cover that will insure you in case you meet with an accident while undertaking them.
Baggage Loss, Damage, and Theft Insurance
As we all know, many times, adventures of travel also include some events like loss, damage, or theft of personal items. The damage to many expensive goods are covered only if you were carrying them at the time of the damage. That means, they were not a part of the checked-in baggage. Always remember, at all costs, you must attach a police report while filing a claim for theft. In case of theft of some electronic items like cameras, laptops, etc., it will cover them only if there was a forced entry in the room where you left them. Loss of cash, money order, credit cards, etc., will not get much coverage. Important documents like passport, travel visa, birth certificate, etc., are also covered under this. These are expensive policies and are taken by businessmen who travel a lot.
Annual/Multi-trip Travel Insurance
As the name suggests, you can get this cover if you are a frequent traveler. As you pay an amount for the coverage of one year, it proves to be cost-effective than the single trip policy. There are insurers who do not restrict the number of trips. However, the amount of days you spend in a foreign country may be restricted.
Single Trip Travel Insurance
An individual or a family traveling for single trip can avail this policy. However, this type of insurance can prove to be very expensive.
Trip Interruption Insurance
If your car breaks down on the way to the airport and you miss your trip, or your flight gets postponed because of bad weather and your travel plans get interrupted, this insurance will cover the expenses. Getting a trip interruption insurance is important because if you have to cut your trip short and head back home, you will lose out on a lot of money on flights, trip expenses, hotels bookings, etc.
Travel Document Protection
This insurance helps replace your travel documents, if you lose them or they are stolen. It is advisable that you avail this policy.
Flight Insurance
This type of insurance specifically covers you when you are traveling by plane. In case of an accident, your nominee will benefit because of this policy. However, plane crashes are not common. Hence, this policy is not as important as some of the others.
Car Rental Protection
If during a tour your rented car meets with an accident and causes loss or damage to your personal belongings, you may get reimbursed if you had availed a car rental protection.
Apart from these, there is group travel insurance, travel insurance for over 65s, visitor health/medical insurance, coverage for overseas funeral expenses, backpackers insurance, etc. It is important that you read all the clauses carefully. Now that you are aware of the different types of travel insurance, choose one that will provide maximum protection.
If you are worried that the airline you are traveling by will go bankrupt and cease to operate, you can be covered by travel insurance that covers financial default.
There are many people who do not avail a travel insurance because they think it is totally unnecessary. However, once abroad, they fall sick or lose their passports and incur huge expenses. At that moment, they regret their decision of not taking a travel insurance policy.
There is no 'one size fits all' in travel insurance, and you will have to find a policy that will suit your requirement and budget. Hence, it is all the more important that you are aware about the different types of insurance prevalent in the market to gain maximum benefit from them.
Medical/Health Care Insurance
So, your tooth started hurting all of a sudden or you came down with fever while on a vacation to some exotic location. Don't worry as your medical policy will save you from getting a heart attack after seeing a huge medical bill. You never know what kind of a health problem may affect you owing to different cuisines, water, and climate. Allow the dentist to drill a hole in your tooth, not in your pocket. Hence, this insurance is a must for all those who intend to travel carefree.
Medical/Emergency Evacuation Insurance
Imagine that you were out for a trek in the Grand Canyon and you injured your foot badly. You are not able to move, and the only option you have is to get a helicopter evacuation. I know this expensive evacuation is going to be more painful for you than the injury itself, but it will be the only option you have. No one really thinks about such a situation before packing their bags for a happy trip, but this cover is highly recommended for everyone. Most of the time, it is included under the medical policy, but you have the liberty to avail it separately.
Accidental Death and Dismemberment Policy
This policy is a must for all those who really care for their loved ones. If you take this policy, it will cover you throughout your trip and will also include the time spent on flight. Not only will it help your nominee in the event of your accidental death, but it will also help you out if some accident or injury causes you to lose any bodily appendage. Needless to say, the accident will be investigated thoroughly before giving the compensation to your beneficiary or you. However, this is an inexpensive insurance policy, and it is advisable that you opt for it.
Family Travel Insurance
Family travel insurance is a convenient policy which covers the entire family. Hence, you do not need separate policies to cover each individual. Getting this policy is not only cost-effective, but sometimes under 18 individuals get covered for free.
Trip Cancellation Insurance
So, you missed the flight back home from Paris because your doctor told you not to travel for a few days. If you are covered under the trip cancellation insurance, the company will pay you rebooking fees or even a refund due to unexpected cancellation. It will also cover your accommodation and food costs. If your destination provider cancels the trip, a family member passes away, your house catches fire, etc., and you have to cancel your trip, it will get covered under this insurance. However, beware that a death of a friend will not qualify you for getting covered under this insurance.
Winter Sports Cover
In most cases, insurance companies will exclude coverage of winter sports like skiing, snowboarding, sledging, etc. Hence, you need a special winter sports cover that will insure you in case you meet with an accident while undertaking them.
Baggage Loss, Damage, and Theft Insurance
As we all know, many times, adventures of travel also include some events like loss, damage, or theft of personal items. The damage to many expensive goods are covered only if you were carrying them at the time of the damage. That means, they were not a part of the checked-in baggage. Always remember, at all costs, you must attach a police report while filing a claim for theft. In case of theft of some electronic items like cameras, laptops, etc., it will cover them only if there was a forced entry in the room where you left them. Loss of cash, money order, credit cards, etc., will not get much coverage. Important documents like passport, travel visa, birth certificate, etc., are also covered under this. These are expensive policies and are taken by businessmen who travel a lot.
Annual/Multi-trip Travel Insurance
As the name suggests, you can get this cover if you are a frequent traveler. As you pay an amount for the coverage of one year, it proves to be cost-effective than the single trip policy. There are insurers who do not restrict the number of trips. However, the amount of days you spend in a foreign country may be restricted.
Single Trip Travel Insurance
An individual or a family traveling for single trip can avail this policy. However, this type of insurance can prove to be very expensive.
Trip Interruption Insurance
If your car breaks down on the way to the airport and you miss your trip, or your flight gets postponed because of bad weather and your travel plans get interrupted, this insurance will cover the expenses. Getting a trip interruption insurance is important because if you have to cut your trip short and head back home, you will lose out on a lot of money on flights, trip expenses, hotels bookings, etc.
Travel Document Protection
This insurance helps replace your travel documents, if you lose them or they are stolen. It is advisable that you avail this policy.
Flight Insurance
This type of insurance specifically covers you when you are traveling by plane. In case of an accident, your nominee will benefit because of this policy. However, plane crashes are not common. Hence, this policy is not as important as some of the others.
Car Rental Protection
If during a tour your rented car meets with an accident and causes loss or damage to your personal belongings, you may get reimbursed if you had availed a car rental protection.
Apart from these, there is group travel insurance, travel insurance for over 65s, visitor health/medical insurance, coverage for overseas funeral expenses, backpackers insurance, etc. It is important that you read all the clauses carefully. Now that you are aware of the different types of travel insurance, choose one that will provide maximum protection.
Is International Health Insurance for Travelers Necessary?
Health insurance is a must regardless of whether a person plans to stay in his country, or travel overseas. International health insurance protects a person in the following situations.
International travel is an enjoyable experience for a person who loves exploring far off places. Although traveling can be exhilarating, many times the carefree traveler forgets to protect himself against unforeseen events. Travel insurance is necessary, since a person may lose his baggage; he might be forced to cancel his flight; or he may need to visit a doctor for emergency medical treatment. A person who uses his credit card to book tickets for international travel may be covered to a certain extent, as far as loss of baggage due to theft is concerned, and he may not require additional insurance. However, it is always best to have international health insurance even if one is embarking on a short trip, since there is nothing worse than the inability to afford medical treatment on account of lack of insurance.
The Need for International Health Insurance
Unforeseen Medical Expenses
The following expenses may be covered by international health insurance plans: cost of visiting a doctor in case of accidents; the cost of obtaining a prescription drug and other medical emergencies. In the US, companies provide international health insurance to travelers less than 75 years of age. The spouse and eligible dependents can also be covered for an additional premium. Some plans provide the benefit of the insurance even when a person cuts short his visit and returns home. Such plans are beneficial for people whose travel itinerary is flexible.
Additional Coverage
Emergency evacuation in case of medical complications; death and dismemberment coverage; rehabilitation; cost of ambulance and home nursing; are some options available to the international traveler for an additional premium. Generally plans that operate worldwide, but not in the US, carry a lower premium as compared to plans that operate even in the US. This is because the cost of medical treatment in the US is very high. Emergency evacuation facility is necessary for a person traveling to the third-world countries, since he may find it increasingly difficult to obtain quality medical care.
Pharmacy Coverage
The cost of obtaining prescription drugs may also be covered by paying a slightly higher premium. The advantage is that a person is comforted knowing that he can afford the drugs he may need during overseas travel. Of course, the need for this coverage depends a lot on the travel destination. For people traveling to the US, this is a must since medication is very costly. However, for US travelers interested in visiting countries where health care is the government's responsibility, this coverage may not be necessary since most of the medicines would be available at a subsidized cost.
Pre-existing Conditions
Generally, a person with pre-existing health conditions should apply for a group insurance policy. It is possible that an individual who was refused coverage under an individual insurance plan may obtain coverage under a group health insurance plan. Exclusion period for pre-existing conditions is generally 6 months. During this period a person is on his own, i.e., he is not provided coverage.
Maternity Coverage
This is very important for women who intend to give birth to children in a foreign country. Generally, in case of maternity coverage, a woman would have to wait for 10 to 12 months before filing a claim. In other words, a woman should not be pregnant at the time of upgrading her policy to include maternity coverage. The premium would depend on the age of the would-be mother. Medical complications would result in a higher premium.
In addition to the above-mentioned events, international health insurance plans can be extended to include a number of other medical services. A greater coverage would mean a higher premium. International medical insurance is very important, especially if a person is traveling to a country where health care is privatized. In case of countries where health care is the government's responsibility, the cost of medical services is much cheaper. Hence, while traveling to such countries, opting for a medical insurance policy with minimal coverage would suffice.
Health insurance is a must regardless of whether a person plans to stay in his country, or travel overseas. International health insurance protects a person in the following situations.
International travel is an enjoyable experience for a person who loves exploring far off places. Although traveling can be exhilarating, many times the carefree traveler forgets to protect himself against unforeseen events. Travel insurance is necessary, since a person may lose his baggage; he might be forced to cancel his flight; or he may need to visit a doctor for emergency medical treatment. A person who uses his credit card to book tickets for international travel may be covered to a certain extent, as far as loss of baggage due to theft is concerned, and he may not require additional insurance. However, it is always best to have international health insurance even if one is embarking on a short trip, since there is nothing worse than the inability to afford medical treatment on account of lack of insurance.
The Need for International Health Insurance
Unforeseen Medical Expenses
The following expenses may be covered by international health insurance plans: cost of visiting a doctor in case of accidents; the cost of obtaining a prescription drug and other medical emergencies. In the US, companies provide international health insurance to travelers less than 75 years of age. The spouse and eligible dependents can also be covered for an additional premium. Some plans provide the benefit of the insurance even when a person cuts short his visit and returns home. Such plans are beneficial for people whose travel itinerary is flexible.
Additional Coverage
Emergency evacuation in case of medical complications; death and dismemberment coverage; rehabilitation; cost of ambulance and home nursing; are some options available to the international traveler for an additional premium. Generally plans that operate worldwide, but not in the US, carry a lower premium as compared to plans that operate even in the US. This is because the cost of medical treatment in the US is very high. Emergency evacuation facility is necessary for a person traveling to the third-world countries, since he may find it increasingly difficult to obtain quality medical care.
Pharmacy Coverage
The cost of obtaining prescription drugs may also be covered by paying a slightly higher premium. The advantage is that a person is comforted knowing that he can afford the drugs he may need during overseas travel. Of course, the need for this coverage depends a lot on the travel destination. For people traveling to the US, this is a must since medication is very costly. However, for US travelers interested in visiting countries where health care is the government's responsibility, this coverage may not be necessary since most of the medicines would be available at a subsidized cost.
Pre-existing Conditions
Generally, a person with pre-existing health conditions should apply for a group insurance policy. It is possible that an individual who was refused coverage under an individual insurance plan may obtain coverage under a group health insurance plan. Exclusion period for pre-existing conditions is generally 6 months. During this period a person is on his own, i.e., he is not provided coverage.
Maternity Coverage
This is very important for women who intend to give birth to children in a foreign country. Generally, in case of maternity coverage, a woman would have to wait for 10 to 12 months before filing a claim. In other words, a woman should not be pregnant at the time of upgrading her policy to include maternity coverage. The premium would depend on the age of the would-be mother. Medical complications would result in a higher premium.
In addition to the above-mentioned events, international health insurance plans can be extended to include a number of other medical services. A greater coverage would mean a higher premium. International medical insurance is very important, especially if a person is traveling to a country where health care is privatized. In case of countries where health care is the government's responsibility, the cost of medical services is much cheaper. Hence, while traveling to such countries, opting for a medical insurance policy with minimal coverage would suffice.
The Need for Travelers Insurance
Enhanced modes of transport have made extensive travel a common indulgence. However, there is a distinct need for the 21st century traveler to check out insurance coverage on every segment of travel to ensure real value for the money spent.
Enhanced modes of transport have made extensive travel a common indulgence. However, there is a distinct need for the 21st century traveler to check out insurance coverage on every segment of travel to ensure real value for the money spent.
Travel involves adventure and risk, and hence, the need for
insurance. It is essential to have travel coverage in place, especially
in the case of a frequent traveler. This way, you get to enjoy the trip
to the maximum and within the security of insurance. If you are
adventurous, a sport enthusiast, a globe trotter, or a business person
who travels extensively, there are myriad insurance offers to finance
you, and take care of everything from ticketing to accommodation. Travel
insurance is designed to minimize the financial risks that a traveler
faces due to last minute cancellations, medical emergencies, delays or
loss of baggage, or the ultimate nightmare―loss of cash!
A traveler cannot rule out the possibility of a missed departure or loss of passport, and the subsequent legal expenses. Such occurrences can really drain you of patience and leisure time on hand. However, it is better to be safe than sorry. These emergencies cannot be ruled out, and hence, need to be covered via travelers insurance. The insurance will largely depend on the category of traveler you fit into. You could be categorized under single trip or multi-trip, short or long trip, one time or frequent, or tourist or adventure sport enthusiast. Whatever the category, there is traveler's insurance designed for you.
The insurance company covering you under the insurance supports every effort made to plan the trip or vacation and ensures that nothing untoward happens. In other words, the travel insurance is a designed 'back up' for any unexpected turn of events. The cover provided under the different packages include ticket reimbursement and medical expenses. It is important to understand that the ticket expenses are reimbursed in event of the trip getting canceled or interrupted due to ill health. This could also be the case in event of the sudden loss or serious condition of family members. The medical insurance plan takes care of all medical expenses, including hospitalization during travel.
There are other specialized package plans available for particular travelers, like the student's plan, that covers the student for a semester or even a year of travel. There are insurance plans that cater specifically to students studying abroad. In these, the premium is calculated on the basis of the plan module, and the additional expenses that are naturally applicable to an overseas student, which differ from one cover to another. The backpacker's travel plan is designed for individual and extensive travelers. Since most of such trips involve trekking and road travel, the overages offered too relate to associated expenses.
There is an insurance plan specially designed for senior citizens who travel around the world, post retirement. However, the premiums calculated are higher since the insured are senior citizens, who are more likely to fall ill and make claims. Businessmen who travel frequently can invest in a special plan put together for them, which offers them the choice of an annual plan or a multi-trip plan. Plans also cover toddlers who are exposed to the risk of getting some infection or disease in transit. In such an unfortunate event, if the family trip stands canceled, the plan provides for eventualities.
There are insurance covers that also provide for various types of groups. These include club member tours, tours organized by the civic authorities, the church, or some youth organization. The group is covered for both a tour within and outside the country, and covers the young and older members of the group. The risk factor associated with extreme sports, like bungee jumping, jet-skiing, parascending, water rafting, windsurfing, yacht racing, and scuba diving, cannot be denied. Such travelers are covered under separate packages at extra cost, that cover hazardous activities, and calculate the premium according to the risk and age factor.
A traveler cannot rule out the possibility of a missed departure or loss of passport, and the subsequent legal expenses. Such occurrences can really drain you of patience and leisure time on hand. However, it is better to be safe than sorry. These emergencies cannot be ruled out, and hence, need to be covered via travelers insurance. The insurance will largely depend on the category of traveler you fit into. You could be categorized under single trip or multi-trip, short or long trip, one time or frequent, or tourist or adventure sport enthusiast. Whatever the category, there is traveler's insurance designed for you.
The insurance company covering you under the insurance supports every effort made to plan the trip or vacation and ensures that nothing untoward happens. In other words, the travel insurance is a designed 'back up' for any unexpected turn of events. The cover provided under the different packages include ticket reimbursement and medical expenses. It is important to understand that the ticket expenses are reimbursed in event of the trip getting canceled or interrupted due to ill health. This could also be the case in event of the sudden loss or serious condition of family members. The medical insurance plan takes care of all medical expenses, including hospitalization during travel.
There are other specialized package plans available for particular travelers, like the student's plan, that covers the student for a semester or even a year of travel. There are insurance plans that cater specifically to students studying abroad. In these, the premium is calculated on the basis of the plan module, and the additional expenses that are naturally applicable to an overseas student, which differ from one cover to another. The backpacker's travel plan is designed for individual and extensive travelers. Since most of such trips involve trekking and road travel, the overages offered too relate to associated expenses.
There is an insurance plan specially designed for senior citizens who travel around the world, post retirement. However, the premiums calculated are higher since the insured are senior citizens, who are more likely to fall ill and make claims. Businessmen who travel frequently can invest in a special plan put together for them, which offers them the choice of an annual plan or a multi-trip plan. Plans also cover toddlers who are exposed to the risk of getting some infection or disease in transit. In such an unfortunate event, if the family trip stands canceled, the plan provides for eventualities.
There are insurance covers that also provide for various types of groups. These include club member tours, tours organized by the civic authorities, the church, or some youth organization. The group is covered for both a tour within and outside the country, and covers the young and older members of the group. The risk factor associated with extreme sports, like bungee jumping, jet-skiing, parascending, water rafting, windsurfing, yacht racing, and scuba diving, cannot be denied. Such travelers are covered under separate packages at extra cost, that cover hazardous activities, and calculate the premium according to the risk and age factor.
Travel Trailer Insurance Tips
This article is brief guidebook of what should and what should not be included in your trailer insurance policy. Folloowing these travel trailer insurance tips will ensure that you can use your trailer without any hassle and prevent any related trouble in your trips.
This article is brief guidebook of what should and what should not be included in your trailer insurance policy. Folloowing these travel trailer insurance tips will ensure that you can use your trailer without any hassle and prevent any related trouble in your trips.
So you have bought an expensive travel trailer and are now worried
about its safety, right? Happens! Humans usually indulge first and then
think later - that's human mentality. However, there are a lot of
options for getting insurance and most of them would be quite suitable
to you. You need to be vigilant, and make sure that you are getting what
you bargained for. It is quite a cliché to say that you have to
minutely read the fine print, but there it goes - YOU HAVE TO MINUTELY
READ THE FINE PRINT! There is no way you can ensure you are getting what
you want without that.
Now, here are some of the things you need to keep your eyes peeled for:-
Tip # 1- Check What Coverage You Are Getting
Make doubly sure what your insurance will cover you for. These are the least types of coverage that you must get:-
Losses due to accidents and collisions
Destruction or damage due to fire and related perils
Losses due to natural calamities such as hurricanes, floods, landslides, hails, storms, lightning, etc.
Damage done due to animals
Damage done due to vandalism
Damage done due to unavoidable roadside perils such as low hanging branches and bad road conditions
Loss due to theft
Bad faith is not unheard of in the claims. Hence, it is important that you make sure everything you want is specified clearly.
Tip # 2- Check the Emergency Expenses Coverage
Most policies must cover for the unexpected expenses that you might have to incur if your trailer broke down on the way. There are many such expenses that might happen, such as you might have to spend a night in a motel, you might have to pay extra for towing the trailer or making repairs, etc. If you want coverage in such situations, check that the documentation explicitly mentions that.
Tip # 3- Check for Fixtures Coverage
Do you have expensive gear affixed on your trailer? Your policy should, by default, cover for the permanent fixtures that came with the vehicle, but if you have done any additions later, see how you can cover them with the policy. You might have expensive awnings or even drapes on your travel trailer windows. Or there might be some antennas and satellite dishes you have connected. Such peripheral accessories can be covered for, but only if you specifically mention them. You might have to pay extra premium on that, but if you are traveling a lot in unknown places, you might as well equip yourself against their losses.
Tip # 4- Check for Parked Trailer Coverage
This coverage is different from the coverage you can get when the trailer is moving. In case your vehicle is parked at a campsite or any other such place and you are using it as a temporary residence, you will get a different kind of coverage during those times. Be aware of that, and speak with the policy representatives about it.
Tip # 5- Check for Distance Conditions
All these policies have some restrictions about the claims they will pay depending on the distance of the trailer from the permanent residence of the person. Some policies will have more coverage if the damage or loss is afflicted out of a particular area, which is mostly about 50 miles away from home in any direction. Check out what the policy conditions are based on these distance restrictions. See whether they will pay at all if the damage is done much closer to home. If not, you better look for some other policy.
Tip # 6- Check for Other Miscellaneous Terms and Conditions
Like all other policies, travel insurance policies also have a very long list of yeses and nos when it comes to paying out the claims. Some policies would be applicable only if the damage was done when the trailer is moving, while some will cover damages occurred when parked. Such policies are called full-timer policies, and even if they are dearer on the premiums, they are the wiser choice to take. You cannot imagine how many dangers lurk for your trailer in your own neighborhood. Take vandalism for instance. Make sure you cover your precious trailer for every moment that it is with you.
The final point that needs to be made is that you should go for travel trailer coverage only from people who are experienced. Check out some references and do an online search on their reputations. Most vendors of housing, car, and other types of insurances may not be quite adept at managing these insurances, because this is entirely a different ballgame. See that you do not end up with the short end of the stick with a company that doesn't know what it is actually in the business for.
Now, here are some of the things you need to keep your eyes peeled for:-
Tip # 1- Check What Coverage You Are Getting
Make doubly sure what your insurance will cover you for. These are the least types of coverage that you must get:-
Losses due to accidents and collisions
Destruction or damage due to fire and related perils
Losses due to natural calamities such as hurricanes, floods, landslides, hails, storms, lightning, etc.
Damage done due to animals
Damage done due to vandalism
Damage done due to unavoidable roadside perils such as low hanging branches and bad road conditions
Loss due to theft
Bad faith is not unheard of in the claims. Hence, it is important that you make sure everything you want is specified clearly.
Tip # 2- Check the Emergency Expenses Coverage
Most policies must cover for the unexpected expenses that you might have to incur if your trailer broke down on the way. There are many such expenses that might happen, such as you might have to spend a night in a motel, you might have to pay extra for towing the trailer or making repairs, etc. If you want coverage in such situations, check that the documentation explicitly mentions that.
Tip # 3- Check for Fixtures Coverage
Do you have expensive gear affixed on your trailer? Your policy should, by default, cover for the permanent fixtures that came with the vehicle, but if you have done any additions later, see how you can cover them with the policy. You might have expensive awnings or even drapes on your travel trailer windows. Or there might be some antennas and satellite dishes you have connected. Such peripheral accessories can be covered for, but only if you specifically mention them. You might have to pay extra premium on that, but if you are traveling a lot in unknown places, you might as well equip yourself against their losses.
Tip # 4- Check for Parked Trailer Coverage
This coverage is different from the coverage you can get when the trailer is moving. In case your vehicle is parked at a campsite or any other such place and you are using it as a temporary residence, you will get a different kind of coverage during those times. Be aware of that, and speak with the policy representatives about it.
Tip # 5- Check for Distance Conditions
All these policies have some restrictions about the claims they will pay depending on the distance of the trailer from the permanent residence of the person. Some policies will have more coverage if the damage or loss is afflicted out of a particular area, which is mostly about 50 miles away from home in any direction. Check out what the policy conditions are based on these distance restrictions. See whether they will pay at all if the damage is done much closer to home. If not, you better look for some other policy.
Tip # 6- Check for Other Miscellaneous Terms and Conditions
Like all other policies, travel insurance policies also have a very long list of yeses and nos when it comes to paying out the claims. Some policies would be applicable only if the damage was done when the trailer is moving, while some will cover damages occurred when parked. Such policies are called full-timer policies, and even if they are dearer on the premiums, they are the wiser choice to take. You cannot imagine how many dangers lurk for your trailer in your own neighborhood. Take vandalism for instance. Make sure you cover your precious trailer for every moment that it is with you.
The final point that needs to be made is that you should go for travel trailer coverage only from people who are experienced. Check out some references and do an online search on their reputations. Most vendors of housing, car, and other types of insurances may not be quite adept at managing these insurances, because this is entirely a different ballgame. See that you do not end up with the short end of the stick with a company that doesn't know what it is actually in the business for.
Trip Cancellation Insurance
Trip cancellation insurance is a sum of money that is reimbursed to you in case you have cancelled your trip owing to reasons that are stipulated by the insurance company. Let's find out more about this insurance in the article below.
Trip cancellation insurance is a sum of money that is reimbursed to you in case you have cancelled your trip owing to reasons that are stipulated by the insurance company. Let's find out more about this insurance in the article below.
Trip cancellation insurance is valuable when a trip is cancelled in
situations like death, injury or illness. This insurance is also
operational in the case of unpredicted events like being summoned to
court for a legal problem, your house being burnt down, you not being
able to make it to the airport due to unforeseen circumstances or
employees of a transport provider are on strike.
Trip and risks
In general, charters and package tours mean large sums of money deposited before departure. If you cancel your trip approximately one month before leaving, you can get your entire sum of money back. You must have the original ticket/s of your trip in order to get your money back in the case of a cancellation. It is usually risky to pay in advance as you cannot foresee unfavorable events and hence may end up losing money.
Your money will be refunded in the following cases:
Death, Illness, or Injury: In this case, the traveler is insured along with one or more people who are traveling with him or her. If a family member at home dies or is ill or injured and you must interrupt your trip, you can avail refund. The company usually does not provide a refund (even) if your travel is canceled in the case of an already-existing health condition at the time of purchase.
Home Problems: A lot of insurance companies provide refunds on the basis of unforeseeable events which cannot be avoided and cause a trip interruption or cancellation. For example, your house has been rendered inhabitable due to a natural calamity like an earthquake or a flood.
Operator Failure: Trip cancellation insurance will return you the travel tickets or the hotel vouchers previously paid, if the supplier or tour operator or travel agency has an operation problem. The insurance related to operator failure covers you on the basis of these contingencies, but not entirely. There are a lot of strategies which state that they will protect you in case of default or failure, and a few which cover you on the basis of bankruptcy. A lot of companies do not take into account failure of the firm who sold the travel service. Therefore, if you purchase the insurance from a travel agency, you won't get your money back if the agency dissolves. But if an airline, charter operator, or tour operator fails, you will be covered.
Destination Problems: Trip cancellation insurance may protect you on the basis of a considerable list of unpredicted events at your destination, or in an area that your aircraft flies/will fly through. Some examples are: hijack situations, floods, fire, earthquake, quarantine because of a contagious illness, etc. A strike by employees at your destination port may also qualify for you getting reimbursed.
As you can see, trip cancellation insurance can come quite handy when you're planning to travel. So, make sure you pick the best policy.
Trip and risks
In general, charters and package tours mean large sums of money deposited before departure. If you cancel your trip approximately one month before leaving, you can get your entire sum of money back. You must have the original ticket/s of your trip in order to get your money back in the case of a cancellation. It is usually risky to pay in advance as you cannot foresee unfavorable events and hence may end up losing money.
Your money will be refunded in the following cases:
Death, Illness, or Injury: In this case, the traveler is insured along with one or more people who are traveling with him or her. If a family member at home dies or is ill or injured and you must interrupt your trip, you can avail refund. The company usually does not provide a refund (even) if your travel is canceled in the case of an already-existing health condition at the time of purchase.
Home Problems: A lot of insurance companies provide refunds on the basis of unforeseeable events which cannot be avoided and cause a trip interruption or cancellation. For example, your house has been rendered inhabitable due to a natural calamity like an earthquake or a flood.
Operator Failure: Trip cancellation insurance will return you the travel tickets or the hotel vouchers previously paid, if the supplier or tour operator or travel agency has an operation problem. The insurance related to operator failure covers you on the basis of these contingencies, but not entirely. There are a lot of strategies which state that they will protect you in case of default or failure, and a few which cover you on the basis of bankruptcy. A lot of companies do not take into account failure of the firm who sold the travel service. Therefore, if you purchase the insurance from a travel agency, you won't get your money back if the agency dissolves. But if an airline, charter operator, or tour operator fails, you will be covered.
Destination Problems: Trip cancellation insurance may protect you on the basis of a considerable list of unpredicted events at your destination, or in an area that your aircraft flies/will fly through. Some examples are: hijack situations, floods, fire, earthquake, quarantine because of a contagious illness, etc. A strike by employees at your destination port may also qualify for you getting reimbursed.
As you can see, trip cancellation insurance can come quite handy when you're planning to travel. So, make sure you pick the best policy.
Travel Insurance: Better Safe Than Sorry?
With increasing numbers of people traveling, and more and more ways and places to travel, is it a good idea to get travel insurance before hitting the road? In this Buzzle article, we tell you if it is really necessary to buy travel insurance prior to your trip.
With increasing numbers of people traveling, and more and more ways and places to travel, is it a good idea to get travel insurance before hitting the road? In this Buzzle article, we tell you if it is really necessary to buy travel insurance prior to your trip.
By Carol Johnson
Decades ago, a familiar sight in airports was a vending machine offering travel life insurance good for whatever flight you were about to board. Many people scoffed at those machines, but many actually bought the insurance, because it wasn't too expensive, and it offered a little bit of comfort to fearful travelers who thought they might not return from their flights.
Nowadays, the airport life insurance machines are gone, but the risks and dangers associated with all kinds of travel have multiplied dramatically. Life insurance is no longer the main concern for travelers; the main question now is whether or not travel insurance is a good idea for keeping you alive and healthy while you're traveling. With more people traveling, more often, and in more ways, you need to evaluate whether or not you can afford to get sick or injured if your health insurance policy doesn't cover problems encountered while you're traveling.
If your health insurance is comprehensive and covers you no matter where you are or what you're doing, then you're in luck. Unfortunately that's not the norm; many policies require you to go to specific doctors, some won't cover you if you're hurt while riding on public transportation, and others don't cover you if you're traveling outside the United States. Before deciding whether or not you need travel insurance, you need to research your health insurance plan to see what coverage you may or may not already have.
If you don't have any health insurance at all, then travel insurance might be good for you to consider, especially if your trip will involve a great deal of physical activity or traveling in risky environment, particularly overseas. However, it's not always a simple decision, because it does mean yet another bill to pay. And of course, it's possible that you may be paying for something you might not ever use.
One of the main things that may help you make your decision is considering the type of travel you will be doing, and where you will be going. If you're heading to the Andes to do some backpacking and you might have to be airlifted out if you have an accident, then travel insurance might be worth considering. But if you're going to be taking a 10-day cruise through the Bahamas on an ocean liner, the potential risk for accidents would be considerably less.
Another prime consideration is where you will be traveling. If you're going to be traveling in the United States, be sure the plan you're considering will let you be treated by any doctor anywhere. If you're prone to going to the doctor for even small problems, then travel insurance isn't your best option; consider regular health insurance instead. If you are traveling overseas, check to see what the policy covers in case of extreme emergencies, such as evacuations, acts of nature, and military conflicts.
There are many travel websites on the Internet that provide useful information about travel insurance, and many sites even compare specific plans. Many insurance companies offer a wide range of different policies, whereas a travel site may list only certain plans. Some sites offer the opportunity to purchase plans online through the site, and some have phone numbers or contact information if you have questions the site doesn't answer.
Lastly, a good way to find out what other travelers have decided about travel insurance is to visit forums and message boards connected to various travel sites. These often include a specific section about insurance, so you can read about what kinds of insurance are available and learn about the experiences other people have had with particular plans and companies. You may not be able to plan ahead for every little bump in the road you might encounter while traveling, but you can plan ahead for how to handle any injuries those bumps in the road might cause you.
Decades ago, a familiar sight in airports was a vending machine offering travel life insurance good for whatever flight you were about to board. Many people scoffed at those machines, but many actually bought the insurance, because it wasn't too expensive, and it offered a little bit of comfort to fearful travelers who thought they might not return from their flights.
Nowadays, the airport life insurance machines are gone, but the risks and dangers associated with all kinds of travel have multiplied dramatically. Life insurance is no longer the main concern for travelers; the main question now is whether or not travel insurance is a good idea for keeping you alive and healthy while you're traveling. With more people traveling, more often, and in more ways, you need to evaluate whether or not you can afford to get sick or injured if your health insurance policy doesn't cover problems encountered while you're traveling.
If your health insurance is comprehensive and covers you no matter where you are or what you're doing, then you're in luck. Unfortunately that's not the norm; many policies require you to go to specific doctors, some won't cover you if you're hurt while riding on public transportation, and others don't cover you if you're traveling outside the United States. Before deciding whether or not you need travel insurance, you need to research your health insurance plan to see what coverage you may or may not already have.
If you don't have any health insurance at all, then travel insurance might be good for you to consider, especially if your trip will involve a great deal of physical activity or traveling in risky environment, particularly overseas. However, it's not always a simple decision, because it does mean yet another bill to pay. And of course, it's possible that you may be paying for something you might not ever use.
One of the main things that may help you make your decision is considering the type of travel you will be doing, and where you will be going. If you're heading to the Andes to do some backpacking and you might have to be airlifted out if you have an accident, then travel insurance might be worth considering. But if you're going to be taking a 10-day cruise through the Bahamas on an ocean liner, the potential risk for accidents would be considerably less.
Another prime consideration is where you will be traveling. If you're going to be traveling in the United States, be sure the plan you're considering will let you be treated by any doctor anywhere. If you're prone to going to the doctor for even small problems, then travel insurance isn't your best option; consider regular health insurance instead. If you are traveling overseas, check to see what the policy covers in case of extreme emergencies, such as evacuations, acts of nature, and military conflicts.
There are many travel websites on the Internet that provide useful information about travel insurance, and many sites even compare specific plans. Many insurance companies offer a wide range of different policies, whereas a travel site may list only certain plans. Some sites offer the opportunity to purchase plans online through the site, and some have phone numbers or contact information if you have questions the site doesn't answer.
Lastly, a good way to find out what other travelers have decided about travel insurance is to visit forums and message boards connected to various travel sites. These often include a specific section about insurance, so you can read about what kinds of insurance are available and learn about the experiences other people have had with particular plans and companies. You may not be able to plan ahead for every little bump in the road you might encounter while traveling, but you can plan ahead for how to handle any injuries those bumps in the road might cause you.
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