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Month: October 2017

When Is the Best Time to Buy ?

Posted on October 10, 2017 in Uncategorized

Without a doubt getting is one of the most crucial aspects of your vacation plan. It is your back-up plan when everything goes wrong. Comprehensive insurance is the most complete policy since it covers everything from hospital bills to ambulance transfers and even the costs for missed flights and lost luggage.

Common Dilemma

Here’s a common question a lot of people ask when it comes to buying : when should they buy it? Some believe that your insurance policy begins on the day you buy it (even if it is before your day of travel) or that it only begins on your day of travel. Because of this confusion a lot of people wonder whether they should buy insurance before their departure date or on the day itself. So what’s the real deal and when is the best time to buy ?

To answer this issue you have to look at two different aspects: what your insurance policy covers and when it takes effect. The best insurance is comprehensive because it covers every aspect of your travel, as discussed above. It will cover both medical issues and monetary issues (lost luggage, cancelled flights, and missed flights). When you get these types of insurance policies they usually take effect on the day of travel.

This means it is always best to buy insurance before your travel date and on the same day you book your flights. It is always best to book your flight and then immediately buy policy. You will want to do this so that you are covered in case you missed your first flight or if you get hurt during your travel. However, while this solves the immediate question, you still might be asking: how about the circumstances wherein something happens to you the day before your travel?

Coverage Prior to Your Travel Date

So what if you bought your tickets and insurance two weeks before your flight and now you got into an accident? How are you going to cover this incident and who’s paying for the expenses? The thing is, it won’t be your . Instead, it will be your regular medical health insurance, life insurance, and other personal insurance policies that you already have.

Your coverage begins and ends during your time of travel which goes from the day of your departure to the day of your arrival back home. Any other incident that occurs outside of that time frame will have to be covered by other insurance policies that you may have.

So going back, the right time to buy is on the same day you book your flights because this is more convenient and also because it protects you in case of missed flights or lost luggage. But your does not cover you before or after your travel period, which also underscores the need to have other insurance coverage to ensure you and your loved ones are protected any time, any day.

A Guide to Buying and Using

Posted on October 9, 2017 in Uncategorized

Is Really Necessary?

Travel is already expensive enough, isn’t it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. I don’t know about you, but I work hard for my money, and when I travel, I want to keep as much of my money in MY pocket as possible. Is a necessity or a luxury? Why not cut a few corners here and there. Why buy something if it’s not really needed?

My personal answer is, of course, that I am not independently wealthy and can’t withstand the potential financial losses I would incur if I require medical care while I’m traveling. Not being independently wealthy also means that I’m in the market for adequate but cheap . I suspect that you are in the same position, so you, too need cheap . If you’re still not sure about that, consider the following.

Did you know that if you get sick or are injured while traveling abroad, your medical plan may not cover all the expenses you will incur? If the costs of treatment are higher than the maximums of your medical plan, you will be responsible for the difference, unless you have already purchased . In fact, you may not even be admitted into hospitals in some countries without proof that you have health or medical insurance.

This is true for everyone, regardless of age or length of time abroad. Suppose you fall ill just a few hours after arriving at your destination. Or suppose you make a day-trip to another country, and you are injured in a traffic accident. Or suppose one of your children is part of a group making a class visit abroad, gets food poisoning and requires hospitalization. In all cases, without adequate travel health insurance, you will be responsible for the costs above and beyond the limitations of your existing medical plan.

Therefore, before going abroad, you need to make sure that you are adequately covered by travel medical insurance that won’t break your budget. You should check to see if appropriate coverage is already available to you through your medical plan, employee benefits, or even through a credit card. If the coverage is sufficient for your needs, then you can enjoy your trip without incurring the extra expense of . However, if you are not sure of your coverage, or if your coverage is inadequate or non-existent, then your next step should be to research and purchase the coverage you need.

How Much Can You Expect To Pay?

When I bought my first plane ticket to China a few years ago it cost around $2000 round-trip, and my cost me over $500 because I didn’t shop around for cheap online.

A few years later, a little bit older and wiser, and my for another trip to China cost me much less–about $300 for roughly the same coverage. The difference? Before buying my for the second trip, I shopped around online and got the coverage I needed, at the right price. If I’d have purchased my for this latest trip from my travel agent, it would’ve cost me about $600 for the trip, and my plane tickets only cost $1,500! Not exactly the smart way to go.

So how much will it cost you? Not as much money as it will cost you if you get sick or injured abroad and you don’t have any coverage! That’s the obvious answer to the question.

In fact, how much costs will depend on your age and the type of coverage you choose. Basic policies cost as little as $5.50 USD per $1000 of coverage. On the other hand, you can expect a full coverage policy to cost you from 7 to 10% of the cost of your trip, depending on your age. The older you are, the more you will pay. No matter what the cost of the policy, however, it’s sure to be much less than the cost of medical evacuation!

The good news is that you can easily, conveniently and quickly research and locate excellent but cheap online and reduce the costs while making an informed purchase. This is much better than taking what you are offered at the travel agency because you can choose from hundreds of companies and polices and save yourself a lot of money in the process. One place you can start your search is at Central, [http://www.travel-insurance-central.com]

What You Should Consider When Buying

To assist you in your research, here are some suggestions to help you make an informed purchase.

1. Consider the worst-case scenario. If you can financially withstand the worst-case scenario then maybe you don’t need or maybe you don’t need a comprehensive policy.

2. Make sure the policy you are considering provides adequate medical/dental coverage, including medical evacuation coverage just in case you need medical care in a place where the best treatment available is below the standards you are accustomed to in your country. This can happen if you fall ill in a developing country or even on a cruise ship.

3. Check your existing insurance policies for possible coverage. There is no sense in paying more for what you already have in your homeowner or tenant policy, such as theft and loss coverage.

4. If you are a frequent traveler, you should consider annual or year-round policies. Sometimes they are called multi-trip policies. Whatever the name, these policies can be relatively cheap when compared to single-trip policies.

5. Know what you are buying, so read the fine print. Make sure that you understand what the company considers to be a legitimate reason for cancellation or interruption. If the list is too restrictive, maybe you should consider another policy.

6. Don’t restrict yourself to buying only from your travel agent. He/She will probably only have one company’s product(s) available, and it’s there for your convenience, but that convenience can be quite costly!

7. Ask lots of questions about the coverage. Play the “what if” game. Ask for clear explanations of terminology. Make sure that you and the company are speaking the same language.

8. Don’t buy the insurance through your transportation provider. If the airline goes bankrupt, how adequate will your insurance coverage be?

Once You’ve Bought Your

Remember that your policy covers you between certain specific dates, so don’t start your trip early or extend your trip without first changing the dates of coverage on your policy. Of course, this might cost you extra, but that’s cheaper than finding yourself without coverage when you need it the most.

Also, it almost goes without saying that you should bring your policy with you when you go abroad. You can’t consult the policy if it’s sitting on your desk at home. You should also carry your company’s toll-free assistance phone number and other contact information with you wherever you go. It does you no good if you get ill or hurt and the necessary policy information is sitting in your hotel room. It’s also a good idea to bring your regular medical coverage cards and info with you.

I hope these tips will help you by the best for you. Then take your trip with the peace of mind that comes from knowing that you are insured by the right policy at the right price. Bon voyage!

Why International Business Travellers Need Specialized Cover

Posted on October 7, 2017 in Uncategorized

In this work driven world, people are goal-oriented and often financially driven; and sometimes people take for granted the importance of physical safety. Insurance makes security tangible. The insurance industry has delved its hands into various aspects of life, securing animals to kids to education to cars. You name it, insurance can secure it. Insurance has become so important in our everyday life that it’s now considered an imperative need.

The largest group of insurance companies are engaged in the business. These insurance companies typically offer specialised policies to business travellers. The policies cover risks associated with international or domestic travel which include accidents, deaths, trip cancellations, lost tickets, damage to properties like car rentals and other concerns related to travelling. Procuring this type of insurance is important because it provides security not only to the traveller but also the employer.

Business travellers, especially those travelling internationally, are people on the go. Their employers are potential policy holders. Business travellers are exposed to more risks. The risk covered by the corporate is unique to the business the traveller represents. For example, a business traveller working as a car dealer meets an accident while on a Cessna plane can be compensated by a covering the risks of medical expenses while working on the job. In getting a corporate policy, it is important to tailor the policy in order to cover all the risks that the business traveller is exposed to in relation to the work he’s involved in. Equity dictates that tailored fit policies are necessary for the safety and security of both the employer and the business travellers because of the basic reason that their travels are considered work; it is but a natural obligation for the employers to compensate and insure them.

Corporate differs from the usual holidaymaker insurance because it cover more risks and could be specialised in accordance to the type of business the business traveller represents. For example, if the business traveller is working for mining company, the policy can include accidents met while visiting a mining site. Because of this specialisation feature, the premium paid for these corporate is higher than the usual .

A tailored corporate insurance policy is being offered by various insurance companies. One of the most comprehensive policies is the group business . For this type of insurance, it is important that the insured or the policy holder is the employer and the beneficiaries are the employees or group members. As to the requirements, each insurance policy provides for different requirements; basically if the employer can pay the premium and the insurance company is willing to cover the risk then a tailored group business insurance policy can be issued.

People work to earn a living. Often than not their work is the cause of their injuries. It is important for employers as well to prevent lawsuits filed by employees they send for travel. The best and equitable solution is to procure corporate .

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