Travel insurance

Travel insurance

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raaadmin

Travel insurance

October 30, 2015

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This is a type of insurance that is intended to cover medical expenses, trip cancellation, flight accident, lost luggage and other losses incurred while travelling, either within one's own country or internationally. Travelers spend a lot of time and effort planning for wonderful vacations, but often ignore the importance of getting the best insurance policy. Generally, travelers are more at risk to accidents and illnesses when traveling in a strange land, and there is no sure way to prevent inopportune incidents from taking place. Travel insurance policies normally come in various forms, but the common policies include:

Emergency Medical Treatment 

These insurance covers the cost of emergency medical treatment. It usually involves being treated at a hospital although not necessarily. An earlier authorization by the insurer is generally required if the estimated cost of treatment is likely to be above a fixed amount that is set out in the policy phrasing.

Emergency Medical Assistance 

It covers the cost of emergency medical assistance, in most cases getting someone to hospital. It can be the costs of a road ambulance, or where necessary an air ambulance or sea rescue. However, you need to ensure that you are covered for the activity in which you were participating when becoming ill or injured. Repatriation normally covers the cost of returning you to your home after getting the medical treatment, with a medical expert accompanying you where necessary. 

Medical Evacuation 

This section of the policy typically covers the costs of transporting you to the nearest hospital that can offer treatment, even if it is in another country in the event of there being no hospital capable of treating you locally.

Cancellation, Curtailment & Trip Interruption 

The insurance covers for any financial loss that is unrecoverable by other means, such as non-refundable transport costs, lost deposits or loss suffered having suddenly cancelled or cut short your trip. The major reasons for claiming under this section would be the sudden serious illness, death of a close relative, or something happening to your home such as flood or fire. In fact, what is normally considered a convincing reason to claim under this section varies from one policy to another. 

Missed Departure 

It covers additional costs in case you miss your programmed means of transport for departing your home country and the first international means of transport on the return journey. The insurance cover under this section is usually restricted to incidents out of your control; failure of public transport or your own vehicle breaking down even though you may be required to provide prove that it had been maintained regularly. Missed connections in another country that is not your home country or the ultimate destination country are generally excluded. 

Personal Liability 

It covers you in the event that you injure a third party or damage their property, even though there is exclusion for liability arising from the use of a vehicle or by an animal under your control. 

Personal Belongings/Baggage 

It typically covers for personal belongings and money that you may take with you. There is a general limit that is the maximum for any claim, as well as limits for individual types of property. These can be single items, set or pair of items limit. The valuables limit, valuables typically referring to electronic devices and jewelry. There is an individual item limit and the total valuables limit being the maximum cover in any one claim for all items considered to be valuable. There is also a limit on the amount of cash covered in a claim. In the event of theft, there will be restrictions on valid claims with regard to where the item was, if it was secure, and a requirement to report the theft to the police. In case you replace any items you will be required to obtain receipts. 

Why do you need Travel insurance cover?

The insurance policy does not only ensure that you will get full coverage for the unforeseen losses, but also allows you to benefit from a number of services that can be very useful during times of emergencies. Most of the insurance companies normally offer travel assistance and full time emergency services to help their customers to effectively deal with unfavorable situations during their vacations. For instance, if you meet with an accident or lose your travel documents, you can seek assistance right away from your insurance company. The insurance company will definitely offer you the best advice, or you can contact the local emergency services to help in solving the problems in the very shortest time possible. In fact, this kind of help is especially important in case you are travelled to a foreign country where the locals do not speak your language. 

Another significant benefit of travel insurance is that it provides protection against trip cancellation and interruption. In case an emergency arises before or during a vacation, you may need to cut short or cancel you trips. Since you have already paid for your vacations, you will stand to lose a substantial amount of cash. The insurance covers ensure that you will get compensation for losses that result from trip cancellation or interruption. Additionally, if you have a travel policy, you will get full coverage for loss of personal belongings or baggage.

Even though travel insurance cannot help individuals avoid misfortunes during their travels, it will offer consolation in terms of monetary compensation which can be very helpful in certain circumstances, especially during time of emergencies. Travel insurance typically provides a wide range of benefits for travelers; offering financial recovery for medical expenses that are incurred because of illnesses and accidents. Medical treatment can be very costly in some countries, and those who sustain serious injuries will have pay high medical bills. Therefore, with travel medical insurance you can get reimbursement for the total amount of money that you spend on medical treatment. Additionally, travel insurance also covers medical evacuation, which means that you do not have to pay medical emergency transportation expenses with your own cash.


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