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Archive for the ‘Travel Insurance’ Category

Travel insurance is probably one of the most confusing types of insurance around. Numerous clauses, sub-clauses and a myriad of little stipulations make for a very complicated policy, which nevertheless is very important for any holiday-maker.

People going on holiday tend to adopt an ‘it won’t happen to me’ attitude and, hopefully, it won’t. But nobody is immune to ill-health or robbery, and baggage loss can happen to the best of us. So, for sheer peace of mind, it’s worth looking into travel insurance when booking your trip.

The medical aspect of a travel insurance policy is probably the most important and the most needed. Far more people fall ill abroad than you’d think, and the cost of OTC medication can be extortionate abroad as well as at home. Even contracting a simple stomach bug can cost you dearly. And if you need to be hospitalised in a foreign country, you could find yourself deeply out of pocket – most countries don’t have an equivalent to the NHS.

It’s important to remember that most travel insurance policies won’t cover you for any problems related to pre-existing conditions such as diabetes, heart disease or cancer, especially if you haven’t mentioned these to your insurer when taking out the policy. Like any other type of insurance, omitting details on application can result in claims being refused, so make sure you tell them everything. This also goes for any dependents who are travelling with you; their medical history needs to be disclosed, but if the holiday is cut short because of a pre-existing condition it’s unlikely you’ll be reimbursed. Pregnancy, although technically a pre-existing condition, will normally be covered as long as you will be less than 28 weeks pregnant by the end of your trip (24 weeks for a multiple pregnancy). This restriction can vary between insurers, so always check your policy.

If you lose your possessions on holiday, your insurer will normally only pay out if you had taken reasonable care of them; if you had left them unattended you will be seen as negligent and claims will normally be refused. Likewise, if you leave any valuables unattended in your hotel room, vehicle or mobile home, and they are stolen, you may not be able to claim. If possible, keep your valuables in a room or hotel safe, or keep them on your person.

If your holiday has to be cancelled, there are some situations you will not be covered for. If you cancel simply because you decide not to go, for example because of a relationship break-up, you won’t be refunded. If your holiday is cancelled by the hotel, or if you have an accident or unforeseen emergency at home, most insurers will refund the costs you have paid so far, plus any cancellation fees due. Again, check your policy first to see what is and isn’t covered.

When you look for a travel insurance policy, don’t just go on price alone. Annual travel insurance may work out cheaper, but if you only go away once a year for two weeks, you’d only really need cover for that time. Also, read all the small print, and ask questions, to make sure the policy covers exactly what you need.

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Whenever somebody sets out to plan a holiday trip with a travel agency, they hear numerous times that they utterly need travel insurance before leaving. That it will be a big mistake if they do not get the insurance, and that they are an absolute necessity for your holidays. Is all this really true?

The first type of travel insurance an agent will try to sell you is health insurance. It is highly important that you find out if you really need it. Many insurance companies will insure you on other countries. In addition, there are some countries that have special health coverage agreements.

For example, in Europe there is a form called E111. If you fill out this form before traveling, you will be eligible to receive health coverage in any country in the European economic area, free of charge. Although dental, and private medical care are not included in this agreement, if anything should happen to you during your holiday you will be able to see a doctor at no cost.

A lot of people are purchasing travel insurance before going on an international holiday due to swine flu. However, many travel insurances do not cover for known events or pandemics. Since swine flu was declared a known event, you need to read carefully the fine print on your contract to verify if the insurance you are getting will cover for it.

The secondly most sold travel insurance is the one that covers for lost luggage. What most people do not know is the fact that most airlines offer you compensation for lost luggage, so there is no need for this type of insurance. This also applies to damaged luggage.

In addition, if you have an insurance company, they might also be able to cover for things like theft during holidays. So it is important that you talk to your insurance company before leaving to find out if they offer this kind of service to avoid spending money on something that you do not really need.

Regarding credit cards, many companies cover for stolen items of value, which were recently purchased. In this case, you will also need to call your credit card company to find out if they offer this type of insurance, since you may not need to purchase extra credit card travel insurance for your trip.

In the case that you do decide to purchase travel insurance, just make sure that you only purchase the insurance that you do need. Also read all fine print to learn the exceptions that may apply to your insurance coverage and to find out if there are any extra fees or deductibles that you should be aware of.

Travel insurance is nowadays becoming familiar in international travelers after the great awareness and experience due to flight cancellation and terror attacks. Travel insurance is compulsory when you are going to unknown countries. Travel insurance are used to cover illness during travel, loss or theft of your luggage, emergency situations, and Flight cancellation due to weather. World is facing various terror attacks and terrorism showing its worst face in a past few decades best example is Mumbai terror attack held on 26/11/2008 killed 190 people who includes 20 foreign people and in may 2nd 2010 New York city an attempt to blast Times Square, so insuring while you travel helps to face any kind of worst situations. Travel insurance can be obtained by travel agencies or by insurance companies directly. If you like to take insurance you have to search for best insurance quotes using travel insurance comparison sites. Many insurance brokers provide the unnecessary coverage just to increase the premium rates.

Here are some advice to find the best quotes and coverage for travel insurance.

1. After deciding the place to travel visit some travel insurance comparison sites which helps to find a wide range of insurance coverage and quotes with insurance companies to get the cheap quote compare travel policy with leading companies and get the best out of them.

2. If you are aged person make sure your insurance policy cover the medical and emergency coverage with ambulance and total medical coverage.

3. Some companies offer the travel policy with discounted rate when you travel frequently and reduce your premium amount accordingly.

4. If you are preparing for an adventure travel like mountain climbing, sea diving, rafting and zip-lining etc, some insurance companies offer coverage for adventure traveling which includes your accessories like GPS, High end cameras, satellites premium amount increases at the rate of risk in the journey.

5. For business people there is a special insurance scheme called business travel policy which covers the all the business related items. It is really useful for self employers who carry expensive company related equipments to abroad for conference or business deals.

6. Students who are traveling to abroad for education purpose then they should take student travel policy which covers the certificates, personal health care, medical expenses, emergency expenses and some insurance companies offer university fees payment if there is any emergency situations.

7. If you are planning for long vacation with your family then family travel insurance which covers basic policy for whole family, some companies provide add on features like delayed fight, delay of checked in baggage, hijack allowances and trip interrupted

8. Make sure that insurance companies fully refund the travel amount if the trip is canceled or interrupted, so compare travel insurance quotes in different companies.

9. Prepare a detailed checklist and before taking an insurance coverage check whether the insurance company is listed in F.O.C (Foreign and Commonwealth Office) and if you are going to European nation then make sure the travel policy comes under the terms and conditions of European Economic Area (E.E.A). Find your country’s embassy location in foreign nation for emergency purposes.

10. If you like to take your lovable pet in your vacation then you should take pet insurance policy as many companies like Axa pet Lifelong Cover, Animal Friends Insurance etc. European Union now allows the pets to travel for 10 listed countries. Take the recent medical certificate of your pets to avoid inconvenience.

Lastly make sure all the terms and condition provided by the insurance company is satisfactory and compare it with the traveling country’s foreign policies.

Follow these advices and have a safe and enjoyable journey.

If you are an expatriate planning on long-term residence in Japan you can, after a one-year stay, become a part of Japan’s national health program. Until that time, however, you’re going to need Japanese overseas travel insurance.

Some of the Japanese overseas travel insurance options include not only trip or annual medical emergency coverage for travel but also disability insurance, personal liability coverage and term life insurance. Japanese overseas travel insurance’s medical coverage with some plans offers full (100 percent) reimbursement for prescription medicine, medical care for diagnostic purposes, hospital stay and even surgery. You’ll also be covered in case of terrorism and an evacuation to your home residence in the event of medical or terrorist emergency.

One firm whose Japanese overseas travel plan we perused offered coverage for those over 80 years old, difficult to find. The minimum coverage time period for this plan is one week (seven days) with a one-year maximum, although it can be renewed for a total of three consecutive years of coverage. Coverage varies according to your age. You must be at least two weeks old for any coverage. If you are under 70 years of age you can choose coverage limits that range from $50,000 to $1 million. Folks between 70 and 79 are excluded from coverage that exceeds $50,000, while those 80 or older can only be covered to a maximum of $10,000.

Let’s look at a couple of quotes to see the variation in cost for age, children, number of travelers, and participation in sports. We’ll also look at the cost for non-U.S. citizens. The first quote is for a single U.S. resident 18-29 years of age traveling along for one year and not wanting the rider for sports coverage. A $1 million ceiling for Japanese overseas travel insurance coverage, with a $250 deductible, is $576. Reducing the ceiling doesn’t seem like nearly as good a deal – the premium is $504, although increasing the deductible to $1000 reduces the cost to $403.20. That same Japanese overseas travel insurance coverage for non-U.S. citizens is several hundred dollars more.

For a couple both 30-39 years old with two children traveling with them, Japanese overseas travel insurance does not come cheap. Assuming U.S. residence and a $500,000 ceiling with $500 deductible the hefty price tag for this coverage is $1814.40. While this may seem excessive, consider the cost of medical coverage for one or more of you, or for emergency evacuation. You’ll probably come to the conclusion that Japanese overseas travel insurance is inexpensive as compared to the alternative.

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An oversees holiday is a time of great enjoyment and it seems a shame to think about the things that can go wrong, but just because you are in another country there is no reason to assume that you are less likely to fall foul of any of the dangers of everyday life. Theft, loss and medical emergencies are at least as likely to affect you when on holiday, and the experience will be even more traumatic if you are not covered and have to bear the full weight of any financial losses. Instead of seeing travel insurance as an unwelcome expense, remember that what you are paying for is the peace of mind that will allow you to relax and enjoy your holiday, without worrying how you will cope if something goes wrong. Travel insurance is a vital part of any overseas holiday, whether you are a fit young backpacker, an elderly traveller joining a group tour or a young family on a resort holiday.

If you are still not convinced, take a look at these reasons why you might need travel insurance.

1) Medical
Australian government statistics tell us that each year Australian Consulates deal with 900 deaths and 1200 cases of overseas travellers being hospitalised. Hospitals in South East Asia can cost up to $1000 per day and if the traveller has no insurance cover then they are likely to be wholly responsible for the cost. The same government statistics point to approximately 50 medical evacuations per year. When you consider that you might have to pay $100,000 to be evacuated from the USA, you can see how important it is to be insured.

2) Loss
Things get lost when you are travelling. Baggage gets lost at airports and wallets get stolen when you are sightseeing in unfamiliar cities where you are not as streetwise as you would be at home. As long as you have insurance cover however there is no need to be paranoid. Losing your property is always frustrating, but having insurance is the difference between a temporary inconvenience and an expensive disaster that could ruin your entire holiday.

3) Flight Cancellation
Flight cancellations are quite common and extremely stressful. At the very least you can find yourself hanging around at an airport for hours. If you have connecting flights or transfers, the knock on effect can be much worse — and very expensive. Even if you don’t, you may find that you suddenly need to arrange extra accommodation at the last minute, or you might miss out on one or more nights accommodation already paid for at your destination. Take out basic travel insurance and you will be covered for each of these problems.

4) Acts of Nature
If you get stranded overseas as a result of an act of nature such as a hurricane or typhoon, you may be covered by your insurance. If you are going to an area with a high risk of such phenomena it is a good idea to make this a priority when choosing your policy, as it is not always covered.

5) Personal Circumstances
Unforeseen circumstances in your personal life might mean that you have to cut short your trip, or even postpone it completely. You never know when you are going to fall ill or suffer a family bereavement. Travel insurance will allow you to recover some of the costs of your postponed or curtailed holiday.

Far from being a necessary evil, travel insurance is a safety net to ensure that you do not find yourself unnecessarily out of pocket as a result of your overseas holiday. It doesn’t need to be expensive either. There are plenty of cheap travel insurance deals available, so there is no reason ever to leave home without it.

The benefit of having travel insurance is so important. This insurance offers health benefits, weather benefits and accident benefits. It offers everything that is needed when traveling.