Travel Insurance Blog
Friday, February 03, 2012
- 04
Jun
2010 -
Protect Yourself and Your Baggage with Trip Insurance
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The loss of baggage during a trip is covered under most travel insurance plans, provided you took all reasonable measures to protect and recover your luggage at all times. The coverage is for baggage that is lost or stolen as long as you had the baggage with you while you were travelling.
The maximum amount shown on the Confirmation of Coverage will be returned to you once you put in your claims. This coverage is in secondary to the coverage provided by the Common Carrier and will come into effect after such other benefits are exhausted.
Suppose your baggage is misplaced during the trip, something that happens with alarming regularity, then you will get reimbursement for expenses of personal effects, including clothes and hygiene products. This is applicable if your luggage is misplaced when you reach your destination, and not if you are returning home.
Travel tip: Make a list of all your personal items in your baggage, and keep the list with you during travel. It will serve as a handy reference if you need to file a claim.
- 02
Jun
2010 -
The More the Merrier: The Insurance Twist
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Holidays are best enjoyed when there are a lot of people going on the holiday. However, it takes a lot of planning to make these holidays work, and one of them is the purchase of tourists insurance. Tourists insurance should ideally cover a range of medical and other unexpected costs for everyone without dipping too much into the holiday budget.
Planning a holiday with family and friends means that you have to ensure that people in the group are not affected too much by the different conditions or food of the destination. Although some problems are sure to arise, you have to be prepared for someone falling ill, particularly if there are seniors or small children in the group.
Purchasing a group travel insurance plan ensures that all the members in the group are insured against any health problems that might arise. Group insurance is a single plan that provides coverage to all members in the group. Anyone in the group can claim the benefits of the plan, and each has his/her maximum benefit. Some plans also offer a group maximum benefit; however, this is rare.
There is plenty of information provided about the different group insurances available to make selecting an appropriate plan is easy and not distract the one planning the holiday.
- 01
Jun
2010 -
Sam’s Insurance Escapades-III: Trip Cancellation Plan
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Sam Traveler, our sensible globetrotter, loves to tell the story of his friend, Peter Fonseca, who is known to read every line of his travel insurance policy document. He might as well, says Sam, because Peter once had a bad experience when he failed to read the travel insurance document carefully.
When Peter planned his trip to Peru, he wanted to do everything right, and purchased trip cancellation insurance through Seven Corners’ RoundTrip plan. The plan included coverage for trip cancellation due to many reasons, even if his company transferred him out of the city he was then living in, or if they fired him.
While the RoundTrip Choice plan was also explained to him, with its “Cancel for Any Reason” coverage, Peter thought that he did not need extensive coverage, as all the major reasons for coverage were covered by the basic plan itself.
Unfortunately , Peter did get laid off as an effect of the economic recession, and he could not make the trip. He submitted his claim for the refund for his trip, and was surprised that his claim was not accepted. The letter simply referred him to the clause that said that assured coverage “subject to five years of continuous employment at the place of employment where terminated.” That, Sam never fails to remind his friends, is the reason why you must always read the fine print.
Travel tip: If you don’t have the time or patience to read the whole plan document, ask specific questions of the insurance company.
- 31
May
2010 -
Cruise Insurance: Should You Buy It?
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Consider these facts before you make a decision on whether you want to buy cruise insurance or not. Fact number one: Cruises are typically undertaken to sunny beaches, when the weather at home is cold, i.e. winter. Fact number two: Cruises are not like airlines. They are not just a means of going somewhere; they are the destination, in most cases. Fact number three: Cruises cost a lot of money and are typically booked months in advance.
Now ask yourself whether you can afford to lose the money you paid up for a cruise, if you are unable to make the cruise. For example, when this year’s winter storms hit, most cruise lines departed on schedule. However, passengers from the Northeast, especially those from the DC area, could not make it. Without cruise travel insurance, they lost all the money they had paid.
Also, it pays to remember that cruises are unlike air travel. Cruise operators spend millions of dollars for the entertainment, food, accommodation, and other extras that they offer on board. If a cancelled ticket means that one less person will travel on the cruise, it represents a loss, however small It might be. And this can add up over time.
Be wary of “insurance” that is merely credit for a future cruise, however. These do not include any medical coverage, which is an important part of cruise travel insurance. Research cruise insurance plans before purchasing your cruise ticket, so that you can buy the insurance as soon as you make the payment for the cruise.
Travel tip: Cruise insurance is valid throughout the world, in most cases. Ensure that coverage includes emergency medical evacuation, which can be vital in case of an emergency.