Posted on 01 February 2012. Tags: Coverage, Travel, travel insurance coverage, trip cancellation insurance
In my article, “Travel Insurance – How to Protect Your Vacation Investment,” I outlined some of the different types of coverage in travel insurance. Different travel insurance companies offer various combinations of the coverages that were mentioned, and your selection of the right coverage for you will depend on your personal situation and the type of vacation you are planning. Here are some things to consider:
1) How much in deposits or pre-payments would you lose if you had to cancel? How far in advance are you booking your trip? If it is a last minute purchase of a weekend trip, you may want to skip cancellation insurance and stick with medical coverage or no travel insurance at all. If you’ve got a lot of deposit money on the line for a trip over a month away, trip cancellation insurance is ideal for you.
2) Are you traveling to an international destination? Check your medical coverage and seriously consider supplementing it with travel medical coverage. Most importantly, check your description of coverage to ensure that the country you are traveling to is definitely covered by the policy. The insurance may not cover specific countries or countries that are sanctioned by the U.S. Government. Read the full story
Posted in Insurance, Travel, Travel Insurance
Posted on 20 December 2011. Tags: booklet, Travel, travel insurance coverage, travel insurance policies
You may wonder why Travel Insurance Companies alter the Business and Standard packages. The Business trips alter dramatically from trips taking for pleasure. The Travel Insurance then is customized to present protection to travelers of all walks, but the policies consider risk first and situation later.
Business travelers often carry equipments that are needed to complete a job. The travelers may carry additional luggage, printers, laptops, cell phones, palmtops, and other types of devices that fall under the risk category. The company intending to cover the traveler will consider theft, loss, and damage related to accidents when considering the customers needs. Thus, if the equipment carried belongs to the employer, then the customer is responsible for the devices, and if loss occurs, damage or theft, then who will pay for the goods?
As you can see, there are many factors to consider when it comes to business travel. The company will also consider the time of travel, risks involved in the areas visited during travel, and so forth. Therefore, business personnel that travel frequently should first ask their employer what coverage is offered to them for their time traveling before considering additional Travel Insurance coverage. Knowing what you have before you pay extra costs is essential, since businesses that hire-in employees to travel often will provide a measure of coverage to their employees. Read the full story
Posted in Insurance, Travel, Travel Insurance
