GETTING A TRAVEL INSURANCE KNOWLEDGE

Travel Insurance Knowledge… What You Need To Know

There is a variety of travel insurance that is available for you. Your personal insurance carrier, your credit card company, travel agents and specialists all offer different forms of travel insurance. Sometimes your auto, health insurance or your credits already cover travel insurance related to your vacation. This poses the question of when should you ensure and which should you choose. There are three major types of travel insurance.

Medical Coverage

The first type is the medical coverage. For medical insurance, make sure you check their rules and conditions for age limits. Some insurance policies charge higher for seniors. The medical coverage includes medical and dental expenses incurred because of injury or illness. In case you suffer from an injury and need a helicopter, a medical evacuation will typically cover your transportation to a hospital

Your medical coverage typically include sthis service. You may, however, choose to purchase on a stand-alone policy. Meanwhile, an accidental death and dismemberment policy acts like any life insurance policy paying your beneficiary a certain amount in the event of death.

Image result for patient with Travel insurancesource:https://www.flickr.com/photos/clinicalcenternih/27220715681

Trip Insurance

The second type of travel insurance is trip protection. Trip insurance can be purchased for a single or annual multi-trip basis. This insurance has three main parts… cancellation coverage, delay coverage, and trip interruption protection. The first one covers insurance. Prepaid expenses will be reimbursed in case you need to cancel your trip due to illness, or if a family member is sick or dies.

The second one deals with transportation delays. In the event that your flight is delayed your prepaid hotel expenses are covered. The last type is used in the event that you get sick while away and you want an interruption policy.

Image result for flight delaysource:https://www.flickr.com/photos/theeerin/2146608712

Luggage and Car Rental Insurance

The third type of insurance is the luggage insurance or car rental protection. This type of insurance covers your rental car in case of an accident and your luggage in case your personal items are lost, damaged, or stolen. Do take note however that most policies of this type do not cover loss or damage in flight and too expensive items.

With this type of travel insurance, make sure you read the rules and conditions. Sometimes your personal auto insurance might cover such. Further, look for policies that offer not only monetary coverage but also travel assistance. Once you know all the types of insurance offered and what you need, the next question is how to buy one that you can maximize the benefits.

Image result for luggage insurancesource:https://commons.wikimedia.org/wiki/File:Luggage_awaiting_loading_at_airport_IMG_3140.JPG

What Should You Do?

The first thing that we recommend that you do, is to determine all the rules and conditions that are covered by your current insurance policies and credit cards. Check strictly all your policies if they still cover foreign countries in the event that you are travelling abroad.

You should ensure that all of your expenses are covered and the correct staff will make sure that you get reimbursed later. Be sure that you understand very well the deductible and coverage limits. In addition, beware of travel insurance bundled with your trip by a travel agent. Most of the time, these are more expensive. More importantly, if plan to avail a travel insurance, you should shop around and check and compare prices and coverage.

 

Do you enjoy this article?.. If so check out our article on places with cheap holiday deals this Easter bank holiday

Leave a Reply

Your email address will not be published. Required fields are marked *