Posted on 01 January 2012. Tags: company, Travel, travel insurance plans, travel insurance policies
Most of us pass off travel insurance as another unnecessary document to take care of. But in reality it can be of much more importance than we render to it. Frequent travellers would better understand the implications of missing baggage, lost bags, theft or something as fatal as an accident. During such circumstances travel insurance serves as a saving grace and almost like a first aid.
There are several categories of travel insurance largely depending on the duration of your stay and the trip destination. Majority of the travel insurance policies cover illness on travel, death, accidents, bankruptcy of the airline and even cancellation of the flight. The most commonly claimed insurance type however is the medical insurance while on travel. Such a policy gets you reimbursements for any medical bills, doctor’s fees and medicinal charges if you undergo any during your trip.
If you are still doubtful of buying travel insurance plans while travelling on a trip abroad, the following benefits will make you reconsider your thoughts 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
Posted on 10 December 2011. Tags: Travel, travel insurance policies, Visitor, visitor insurance
There are several factors to consider while evaluating visitor insurance providers and plans. Following are few important tips to appraise different visitor travel insurance policies offered by different providers.
Reputation and Reviews
Reputation of an insurance company can be evaluated by looking at the fair service rendered to the customers over a period of time. The reviews by previous customers can be referred before buying the plan. It is better to take in to account the satisfaction of previous customers before deciding.
Co-payment/Coinsurance for the plan
Co-payment or the co-insurance is the amount contributed by the insured after utilizing the maximum benefit by the provider. For instance, the insurance company pays 80% of the total medical expenses and you will be required to pay remaining 20%. It is better to buy the policy with maximum advantage in reducing co-payment. Read the full story
Posted in Insurance, Travel, Travel Insurance
