Can I Afford Travel Insurance?

“Do I need travel insurance?” shouldn’t be the million dollar question you should be asking yourself when you are planning a trip or holiday – whether its seven days away in the country you live in, or three and a half months away travelling around the world.

Rather, “Can I afford travel insurance?” is the question you should instead be asking yourself. If your answer to “Can I afford travel insurance?” is “no”, then quite simply you can’t afford to go on a trip or holiday.

You wouldn’t own a house without having home and contents insurance, and you wouldn’t own a car without having car insurance. Likewise, you wouldn’t travel without travel insurance.

It’s not only a case of your luggage getting lost. What if you fell off an elephant in Chiang Mai? Medical treatment costs abroad are very high, and you are personally responsible for paying for the costs.

Unfortunate incidents can happen without warning at any time, and at any place where ever you happen to be in the world. Taking out a travel insurance policy is priceless. It gives you peace of mind.

Possible needs for travel insurance include:

• Travel Services Provider Insolvency
• Medical and Dental Expenses
• Additional Accommodation and Transportation Expenses
• Amendment or Cancellation Costs
• Luggage and Travel Documents
• Delayed Luggage Allowance
• Money
• Rental Car Insurance Excess
• Travel Delay
• Resumption of Journey
• Hospital Incidentals
• Hijacking
• Loss of Income
• Disability
• Accidental Death
• Legal Expenses
• Personal Liablity

Just with any other insurance contract, you must look at the schedule of benefits before committing to any travel insurance contract. This is because you need to understand precisely what you are covered for.

So ask yourself,”Can I afford travel insurance?” Or ask yourself in another way, “Can I afford not to have travel insurance?”

The cost of travel insurance is a small price to pay, compared to your total budget of your trip or holiday.

And if you take out travel insurance before you go away, and some unforeseen event does eventuate, it’s also a small price to pay. Imagine coming home with a $1,000,000 lawsuit against you.

There’s a wide spectrum of travel insurance products on the market. When asking yourself,”Can I afford travel insurance?” determine which option suits you best. Some of the options include: international single trip or annual multi-trip; domestic single trip or annual multi-trip; business travel insurance; winter sports insurance; backpackers insurance; cruise line insurance; and family insurance.

So there is no excuse to leave home without it. If you do forget something, just don’t let it be travel insurance.


The Importance of Securing the Correct Travel Insurance

Traveling with the family is one of the most keenly anticipated events for anyone who wants to get a much-needed break. The same event may turn out to be a taxing experience if family members are not insured sufficiently. This is where the travel insurance comes into the picture. Travel insurance is extremely important for those going on a travel, particularly those going on a long distance air or ship travel. Travel insurance provides a number of features, which covers the traveling family from unforeseen happenings during the trip. Travel insurance will ensure that the family gets to enjoy their trip whole heartedly without worrying about the various minor external factors.

Your insurance covers the traveler from various unforeseen events such as trip cancellation due to various unforeseen events including ill health, weather conditions and airline strikes. In the case of accidental death of the traveler, the family will be compensated with the insured amount. There are occasions when the traveling family has to but accommodation, food and clothing due to flight delays. In such instances, the insured person will be able to get the amount reimbursed. Travel insurance also compensates the traveler for any damages done to their personal baggage and also if the baggage gets lost. Medical insurance protects the travelers from expenses incurred on treatments received for any ailment during the vacation stay in a foreign land. These are some of the unexpected events that can be managed by taking travel insurance.

Before starting the trip, one might question the need for any insurance, as all the events are unforeseen, which may occur or may not occur. But since the family is traveling to a foreign land, chances of unforeseen events are relatively high. To cover against the negative effects of these events, one needs to be sufficiently covered. There are many public and private insurance companies, which provide travel insurance protection packages for the traveling public. There are online informational web sites, which can be used to compare the insurance premium that one needs to pay for getting coverage. These web sites compare the premiums charged by various companies and provide it to the user, after the user provides the necessary information such as the period of travel and number of members traveling.

It is extremely important for a traveler to insure himself/herself and also the family members when going on a long out of the country vacation.


Annual Travel Insurance: Leave All Your Worries At Home

Travelling and seeing the world with your own eyes is definitely a blissful experience. However, it is always advocated that one should do his homework well before travelling to any foreign land. Since, the most cautiously planned trip can also become complicated due to the unexpected events. For instance, medical emergencies, cancelled flights, lost luggage or natural catastrophes. Recently, the whole world has heard about the natural catastrophe of Tsunami, which ruined the vacations of thousands of people and destroyed the cities. In such circumstances, it is clear that you need a backup plan, which will help you in such drastic circumstances.

Travel insurance is there to facilitate you with the legitimate coverage on your travelling, either internationally, or within your own country. If you are a frequent traveler then you probably would like to know about the annual travel insurance. As it is the best method to make your trip or journey more secure and hassle-free. The multi trip insurance is specifically designed to facilitate and save money on the travel trips. As a rule, annual travel insurance provides legitimate coverage on medical expenses, trip cancellation, accidental death or injury, delayed departure, personal liability, rental car damages, and loss or theft of personal possessions.

Moreover, by buying an annual insurance policy, you are saving money. Particularly, the annual travel insurance is beneficial for those people whose travel trip is unpredictable. This type of travel coverage will help you to obtain the advantage of the trip insurance even at the last-minute deals. The annual travel insurance is available for all types of trips either business or pleasure. Once the traveler got the insurance, they are insured for the whole year. They can take multi trips in that year with the assurance of being covered against numerous risks that might arise when enjoying their stay in a foreign country. Annual travel insurance can also be customized according to the need of the traveler, so it would lower the premiums being paid for the insurance policy.

The annual travel coverage has numerous benefits over single trip insurance policies. It saves time and money even at the last-minute of the travel plan. Some companies that provide such insurance deals also offer many other advantages of family insurance cover. They offer the benefits for the whole family by just one policy. This type of policies is helpful during the family holidays, or if any of your family member travels. The annual travel insurance will assist you 24 hours a day, 7 days a week during the trip to make it pleasurable. By arranging annual travel insurance, you can make your business or holiday trip hassle-free and memorable.