Wednesday, July 29, 2009

Travel Insurance Online Travel Insurance Made Easy

Travel Insurance Online Travel Insurance Made Easy










There are many things to consider when planning a vacation - where to go, what to pack, and what to do once you get there. No matter how well you plan, though, there are some things that are out of your control. That's where travel insurance can come in very handy by compensating you for unforeseen emergencies while traveling.
There are several types of travel insurance to choose from, depending on the type of trip and length of stay. The first and most common is Trip Cancellation/Interruption coverage. Most of these policies cover cancellations due to weather, sudden illness or death, jury duty, emergency military duty, and bankruptcy of airline or cruise line prior to departure. Many also include terrorism insurance that reimburses your expenses in the event that the U.S. Department of State issues a travel warning advising not to travel within a given country for a period of time.
Another common type of travel insurance is for medical emergencies. This type of coverage is particularly useful if you plan on traveling to underdeveloped countries, or for individuals with a chronic illness that might require medical attention at some point during the trip. These policies will reimburse you for the cost of doctor visits, medication, and sometimes even medical evacuation out of the country. It's best to check with your insurance provider regarding the details, as travel health coverage policies vary widely.
It is also possible to obtain travel insurance that will cover non-refundable tickets in the event that a trip has to be cancelled for any number of reasons. Some coverage plans will sometimes cover missed connections as well, which can be a lifesaver in the event of a flight delay or over-crowded and/or confusing airport terminal.
For longer trips, or for frequent travelers, a comprehensive insurance package is probably the best value. These usually provide a wide variety of coverage, and some even allow you to choose what kinds of coverage to be included. Since it's impossible to know what problems might arise during your trip, these policies cover all the bases so that you have protection against monetary loss in the event of nearly any emergency.





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Travel insurance is insurance that is intended to cover medical expenses and financial (such as money invested in nonrefundable pre-payments) and other losses incurred while traveling, either within one's own country, or internationally.
Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a more extensive, continuous insurance can be purchased from travel insurance companies, travel agents or directly from travel suppliers such as cruiselines or tour operators. However, travel insurance purchased from travel suppliers tends to be less inclusive than insurance offered by insurance companies.
Travel insurance often offers coverage for a variety of travelers. Student travel, business travel, leisure travel, adventure travel, cruise travel, and international travel are all various options that can be insured.
The most common risks that are covered by travel insurance are:
Medical expenses
Emergency evacuation/repatriation
Overseas funeral expenses
Accidental death, injury or disablement benefit
Cancellation
Curtailment
Delayed departure
Loss, theft or damage to personal possessions and money (including travel documents)
Delayed baggage (and emergency replacement of essential items)
Legal assistance
Personal liability and rental car damage excess
Some travel policies will also provide cover for additional costs, although these vary widely between providers.
In addition, often separate insurance can be purchased for specific costs such as:
pre-existing medical conditions (e.g. asthma, diabetes)
sports with an element of risk (e.g. skiing, scuba-diving)
travel to high risk countries (e.g. due to war or natural disasters or acts of terrorism)
Common Exclusions:
pre-existing medical conditions
war or terrorism - but some plans may cover this risk
injury or illness caused by alcohol or drug use
Usually, the insurers cover pregnancy related expenses, if the travel occurs within the first trimester. After that, insurance coverage varies from insurer to insurer.
Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance.
Typically travel insurance for the duration of a journey costs approximately 5-7% of the cost of the trip.









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