Should you get travel insurance?Travel insurance is a decidedlymisunderstood topic. New and seasoned travelers alike come across myths whichoften lead to either inadequate or no insurance whatsoever. Granted, there aresome trips that do not require insurance.
However, travel insurance coversluggage loss, air ticket refunds, medical problems, your current insurance etc.As such, the decision should be influenced by a personal risk assessment. How adventurous are you? Where areyou going? What is the likelihood you will need it? Will you be content withoutit? Consider these things to make an appropriate decision. Basic Facts about Travel Insurance· Travel insurance mainly coverslost luggage, cancelled or interrupted trips, health care, flight accidents andbody transport or evacuation. Usually, the more common mishaps will beavailable in a package of some kind. There is also a full care package thatentails every form of travel insurance offered. You will have to askspecifically for a specific type of coverage if that is all you are lookingfor. · Costs between travel insuranceagencies vary dramatically, taking anywhere from 5% to 12% of your total tripcosts.
This variance is dependent on age, the cover package, number oftravelers and length of the trip. Typically, age is considered most important,with increase in rates from the age of 60. Minors, on the other hand, add lessor no cost to the insurance. Thank fully, you can get more information on thisat InsureMy Trip in addition to comparisonson actual insurance cover. · Some of the best travelinsurance benefits are applicable within particular time frames. The earlieryou apply for it the more benefits apply.
· There are two ways in whichyour insurer can take care of your problem. Either pay for the bill prior toresolution, or, reimburse you. Some covers only reimburse, so you had best readthe fine print prior to purchase. If further assistance is required, contactthe actual insurance company for clarification lest you get misinformed.· Ultimately, different insurance packages arebest suited to different trips. Choosing the lower priced package over coveragecan leave you under covered. Always be sure to read the fine print.
· As a precaution, always take picturesof your belongings prior to the trip. For most reimbursement claims, there isproof required prior to actual payment. · As a rule of thumb, gettinginsurance directly from the insurance company is best practice. However, if youintend to use a carrier, you should look up their history, because thefinancial standing of your carrier also plays a part in your insurance coverageas well. The world of travel and insurance isin flux, due to factors like traveladvisories, industry trends and at times government bureaucracy. However,that is merely a guideline in terms of actual travel. With regards to travel insurance,the best way to go about it is compare, compare, compare.
Matthew Kirsten, authorof Expert Vagabond says it best. “No one likes tothink about theft or injury when they’re on vacation, but the threat is real.”Travel insurance is simply a way to safe guard yourself.