The Basics of

Life is full of unexpected events- this is the basic principle which drives the insurance industry. One doesn’t really know what will happen next year, next month even tomorrow. Life is especially more riskier for people who frequently travel, and a can really be a good thing to have. It will at least leave something for oneself, one’s family and loved ones in the case of unfortunate events during traveling.

One might be skeptical in getting simply because he thinks that it is a waste of money which can be used for something more urgent or important. However, we can never really say what will happen and it’s good to be insured. In the events such as accidents, trip cancellations and lost luggage, policies can really be handy. Getting is the first step that should be taken when planning a trip.

Types of Policies

is availed by people who are concerned about the events that may unfold during a trip. It’s not a sign of paranoia, it’s a mere sign that one faces the reality that he doesn’t control his life and the events that may happen.

-Package

packages are usually designed to cover single trips. This type of insurance policy is very ideal for tours, cruises, air trips, renting vacation homes, whether they are for business or personal traveling in foreign or domestic areas.

These packages are usually pre-bundled by the insurance companies and they provide travel coverage such as: cancellation of trips, interruption of flights, delays of travel, lost of baggage and personal effects, delay of baggage, emergency evacuation, assistance for travelers and medical expenses. One can also avail optional policies which will cover accidental deaths.

These packages are usually rated against three factors: one’s age during application, the cost of one’s trip and the duration of the trip.

-Medical

plans can also be designed to cover one’s medical expenses if needed during the trip. There are also group health insurance plans which can be availed by a group. However, most of the insurance plans available today will only cover medical expenses in trips which are done inside the “coverage areas.” It’s best to be able to ask the insurance provider regarding these things before availing a medical policy.

-Accidental death during flight

Many insurance providers give accidental flight death insurance as a part of their insurance policies. Sometimes, they give it as an option.

Listed below are some tips on how one can go about availing quality and suitable policies for his trips.

1. Before getting a new policy, one should double check his existing insurance policies. There might be some coverage with regards to traveling in the existing policies that one possess and it would be a waste of money to pay for something that has already been covered.

2. Know what’s the best type of insurance is best for the trip. Getting a is really dependent on the situation of the destination and the other factors that come into play such as one’s age and health conditions.

3. Know the policy. One should know whether things like international coverage, emergency evacuation, accidental death, remains repatriation and family are covered by the policy..

These are some tips on how to avail . The point is- life is unpredictable and it’s better to have insurance especially for travel purposes. is a real must when traveling.

Annual Travel Insurance Vs Single Trip Travel Insurance – Which is Better?

Traveling and taking holidays can be a lot of fun, but it can also be scary. If something goes wrong, you may find yourself in a foreign land amongst foreign people with no idea where to turn for help. Travel insurance prevents this from happening by helping you through all of the unforeseen circumstances that may befall you on a trip. Travel insurance can help cover expenses if you become ill or injured, lose your luggage, have a car accident or have to change your plans due to weather or illness.

There are two basic types of travel insurance: annual travel insurance and single trip travel insurance. Annual travel insurance is purchased annually and covers all of your travels for the entire year. Single trip travel insurance is purchased at the beginning of each trip and is only good for that trip.

There are benefits and drawbacks associated with each type of travel insurance. The following two sections will address the pros and cons of each.

Pros and Cons of Annual Travel Insurance

When you purchase annual travel insurance, you pay a one-time fee. This fee covers the cost of the insurance for the whole year. If you travel a lot, this price is almost always less than you would pay for multiple single-trip policies. But the price for annual travel insurance is also more than you would pay for one or two single-trip policies. So you need to have a clear idea of how often you will use the insurance before you spend the money for it.

Annual travel insurance is ideal for people who travel a lot. Business professionals, people with family living abroad, and families with holiday homes usually benefit the most from such a policy. Students who have to travel back and forth from school may also benefit from this type of policy.

Pros and Cons of Single Trip Travel Insurance

Single trip travel insurance is the most cost effective way to purchase travel insurance if you only have need of it a couple of times a year. It is spontaneous. You can purchase travel insurance prior to any trip even if it is spur of the moment. It is also inexpensive. Single trip travel insurance normally costs about four to seven percent of the entire cost of any prepaid trip.

If you make a lot of spontaneous trips, however, you could end up spending more than you bargained for if you purchase a separate policy each time you leave town.

Both annual and single trip travel insurances offer the same coverage. The only real discrepancy between them is cost. Therefore, you need to choose the most cost effective way to purchase the insurance that best meets your needs. If you have any doubts, talk to a travel agent. They will be able to help you compare prices and coverage options. The most important thing is that you always travel while insured. You need to be prepared for everything that may happen.

When Is the Best Time to Buy ?

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.