• 03
  Nov
  2009

• International travel insurance coverage during War or Terrorism

  
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Does your trip cancellation insurance cover you in case you want to cancel your trip due to any warnings of a war breakout of terrorist activity in your destination land? The answer is, some policies do while some policies don’t.

In addition, most insurance plans do not reimburse in case you fear of any such emergencies. Your claims may become valid only when media or law enforcement authorities declare such threats.

Further information can be got by reading the .(JavaScript must be enabled to view this email address) policy document. Some of the policies include clauses like “force majeure” which deals with insurance coverage due to such exigencies.

Certain travel insurance plans cover the cancellation expenses in case the government issues a warning. Again, the maximum distance from the attack spot around which the coverage would be offered is generally mentioned. Most of the policies do not offer coverage for losses during war or any war related threats.

Generally, you would be entitled for a reimbursement only if you have already purchased the policy before such major events. In case you have such specific concerns, it is better to ask your insurance provider about the terms and conditions before finalizing the plan.

• 02
  Nov
  2009

• Excess valuation baggage insurance

  
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Imagine your luggage gets lost or damaged while you travel in an airline. In that case, the airline is bound to compensate a certain amount by law. However, the flight carrier would try its best to bring down the value of your baggage in order to minimize the loss. If you want to prove it otherwise, you need to produce the receipts of the items that you had carried in the baggage. This is not really possible every time.

For passengers who travel with expensive items, the compensation that they would be entitled to by default may be too low as compared to the actual value of the baggage. This is when EV (excess valuation) comes into picture.

EV is the additional amount that you would be entitled for over and above the default compensation, in case your personal baggage is damaged of lost during transit. You need to pay a small fee in advance and also declare the valuables that you carry before take off.

Whether you would require EV or not depends on the real worth of your baggage. The additional expense is worth if the value of your personal belonging is too high.

• 01
  Nov
  2009

• International travel insurance - Purchasing trend

  
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In the past, buying international travel insurance was considered a waste of funds. This is because the reasons for denial of various claims were high and it frustrated the consumers who felt that they were being cheated. In fact, there came a time when travel agents who included travel insurance as a part of the package deal were insecure of losing potential deals.

The trend is changing now as the insurance sector has diversified its products based on the needs of the consumer than providing only comprehensive insurance packages with fancy premium rates. Smart travellers can research on the coverage benefits and finalize an insurance plan customized to their needs at affordable premiums based solely on their travel requirements.

Reports state that after 9/11 event, the travel insurance industry has at least 10% more new customers. People have started believing that buying an appropriate travel insurance plan gives them the security to travel long distances without needing to worry too much about safety and assistance during the trip.

The credibility of the insurance providers offering protection during exigencies has been established.