Travel Insurance Daily

Who has not dreamt of traveling the world and seeing all the sights that you thought can only be seen in televisions and magazines?
You, your home and your car may be insured, but it does not give you any assurance that whatever happens during your trip may be covered by these insurances. That is purchasing a travel insurance is a good idea not only to protect you from whatever may happen, but your family as well.
Travel insurance is now an essential part of luggage that any travelers need to have. Purchasing one will give you peace of mind and protection on whatever predicament you may encounter on your travel.

The ultimate question you ask yourself  after you have finalized all those plans and itineraries, is, “Do I need travel insurance, and whatwill the coverage be?”  Most people do not know is that travel insurance may be bought ntil 24  hours before your departure. Of course, if you have pre-existing medical conditions, you should not have to wait 24 hours before buying a travel insurance. In this case you need to buy your travel insurance as early as when you make a deposit to your trip. Some plans cover pre-existing medical conditions if insurance is bought within 10-15 days from when a traveler paid the amount in full or made a deposit. You ay also buy insurance for coverage against terrorism at departure or destination, including financial default of travel provider. Take note that once you buy your insurance after the 10 to 15 day window you will still have coverage in case a medical emergency occurs.  Those not covered are those that are  incurred from your pre-existing medical conditions, a broad term. It affects not just the parties who are traveling. It also affects immediate family members, say if you have an immediate family member who is ill, you may be able to cancel your trip in case your family member gets worse or passes away unexpectedly.

I’ve never had travel insurance, and luckily I’ve never needed it. However, we see many travel writers strongly recommending travel insurance. Perhaps if we knew which insurance company to trust…

Here’s a story about a couple who couldn’t travel because their passports arrived to slowly. Their travel insurance didn’t cover anything - quite a shock to the couple who spent money on insurance, couldn’t travel, and couldn’t collect from insurance.

I can probably afford to lose some money on a flight or something, but what really scares me is emergency medical evacuation because that can cost a fortune.

We do have a little British advice - I wish I knew of an American company that offered an annual travel insurance policy that covered me every time I travel.

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• Ask yourself this question: When you bought your travel insurance, was it within the the eligibility window?
  Most plans generally require you to buy your insurance within 15 days of your trip. Others require 10 or 21 days so do not wait too long otherwise you will not be covered. Also commont is waiting for 14 days after buying the insurance, so that they will be able to file a claim for reimbursement. Many insurance companies, generally, want to ensure that you bought insurance because of precautionary reasons and not on the basis of flying as soon as news announced your airline has gone bankrupt and completely shuts down its operation. Always remember that insurance is a high target for fraud. Yes, insurance companies have their customer’s interests in mind. Use a company that is reputable you should receive exact answers to your questions.
• Most important of all is that you want to make sure that your travel supplier (in this case, an airline, or this may include a cruise or tour company) is included in the list of covered companies by your travel insurance. A good travel insurance company always informs their customers of what companies they have blacklisted.

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EXPECT THE UNEXPECTED. This is a very good piece of advice, the most common, while traveling, even domestically or internationally. Some of these expected or unexpected events are crashing yor rental car, losing your luggage, coming into trouble with foreign authorities, having your money and travel documents stolen, and many others. There are lots of potential BAD situations that come up. Some annoying, some disasters, some worst. Because of these, you have to have travel insurance.

Here are some of the types of travel insurance tht will cover most of your risks in mind:

-Cancellation of trip, for reasons like serious illness or death of a family member, or co-worker.

-Lost luggage.

-Loss or theft of personal possessions.

-Medical expenses while on vacation.

-Rental car damage.

-Accidental death or injury while traveling.

-Legal assistance.

Not all these risks are covered in common by every travel insurance companies. It is therefore important to discuss your travel plans with your insurance company, as some acitvities may require additional coverage. There is normally a dangerous activities clause which lists activities not covered under a normal plan, like scuba diving, horseback riding, scuba diving, etc.

You can also research online, for coverage and prices.

Have you heard about Trip Cancellation Program? These coverages pay certain non-refundable expenses if your trip is cancelled or interrupted for the following covered reasons:

• Unforeseeable financial default or bankruptcy of a tour operator, cruise line or airline that occurs 14 days following the client’s effective date (ONLY available when purchased prior to/or within 24 hours of your final payment for your Covered Trip);
• Sickness, injury or death of you, your family member, or traveling companions;
• A terrorist act which occurs in your departure city or in a city which is a scheduled destination for your trip, provided the terrorist act occurs within 7 days of the scheduled departure date;