Is travel insurance really necessary?
Travel is already expensive enough, right? The cost of airline, cruises, hotels, land transport, food and activities and entertainment is already high enough. I do not know about you, but I work hard for my money, and when I travel, I will keep as much of my money in my pocket as possible. Is travel insurance a necessity or a luxury? Why not cut some corners here and there. Why buy something if it's not really necessary?
My personal answer is, of course, that I'm not self-sufficient and can not withstand the potential financial loss I would like if I need medical attention while I travel. Being independent wealthy also means that I am in the market for a suitable but cheap travel insurance. I suppose you are in the same position, so you also need cheap travel insurance. If you're still not sure, consider the following.
Did you know that if you get sick or injured when traveling abroad, your medical plan can not cover all the expenses you will incur? If your treatment costs are higher than the maximum amount for your medical plan, you are responsible for the difference, unless you have already purchased travel insurance. In fact, you may not even be admitted to hospitals in some countries without proof that you have a health or health insurance.
This applies to anyone regardless of age or length abroad. Suppose you get sick just a few hours after arrival to your destination. Or, suppose you are doing a day trip to another country and you are injured in a traffic accident. Or suppose that one of your children is part of a group that visits abroad, gets food poisoning and requires hospitalization. In all cases without appropriate travel insurance, you are responsible for the costs beyond the limitations of your existing medical plan.
Therefore, make sure that you are adequately covered by travel insurance that does not break your budget before you go abroad. You should check if adequate coverage is already available to you through your medical plan, employee benefits or even through a credit card. If the coverage is sufficient for your needs then you can enjoy your trip without incurring the additional expense of travel insurance. But if you're not sure about your coverage or if your coverage is insufficient or non existent then your next step is to investigate and buy the travel insurance you need.
How much can you expect to pay?
When I bought my first flight to China a few years ago it cost about $ 2000 and my travel insurance cost me over $ 500 because I did not buy cheap travel insurance online.
A few years later, a little older and smarter cost, and my travel insurance for another trip to China cost me much less – about $ 300 for almost the same coverage. The difference? Before I bought my travel insurance for another trip, I traded online and got the cover I needed for the right price. If I purchased my travel insurance for this recent trip from my travel agency, it would have cost me $ 600 for the trip and my flight ticket costs only $ 1,500! Not exactly the smart way to go.
So how much does it cost you? Not as much money as it will cost you if you get sick or injured abroad and you have no travel insurance! This is the obvious answer to the question.
Actually, how many travel insurance costs depend on your age and what coverage you choose. Basic policies cost as little as $ 5.50 USD per. $ 1000 of coverage. On the other hand, you can expect a full coverage policy that costs you from 7 to 10% of the price of your trip depending on your age. The older you are, the more you pay. However, whatever the cost of the policy, it is much less than the cost of medical evacuation!
The good news is that you can easily, conveniently and quickly explore and find excellent but cheap online travel insurance and reduce costs while making a well-informed purchase. This is much better than taking the offer you offer at the travel agency because you can choose from hundreds of travel insurance companies and policies and save yourself a lot of money in the process. One place you can start your search is at Travel Insurance Central, [http://www.travel-insurance-central.com]
What to Consider When Buying Travel Insurance
To help you with your research, there are some suggestions to help you informing you purchase.
1. Consider the worst case. If you can economically handle the worst case scenario, you may not need travel insurance, or you may not need a comprehensive policy.
2. Ensure that the policy you are considering provides adequate medical / dental coverage, including medical evacuation cover only if you need medical attention at a place where the best treatment is available during the standards you are used to in your country. This can happen if you get sick in a developing country or even on a cruise ship.
3. Check your existing insurance policies for possible coverage. There is no point in paying more for what you already have in your homeowner or tenant policy, such as theft and loss coverage.
4. If you are a frequent traveler, you should consider annual or annual travel insurance. Sometimes they are called multi-trip travel insurance. Regardless of the name, these policies can be reliably cheap compared to single travel travel insurance.
5. Know what you buy, then read the fine print. Make sure you understand what the company considers to be a legitimate reason for cancellation or interruption. If the list is too restrictive, you might want to consider another policy.
6. Do not limit yourself to purchasing only from your travel agent. He / she will probably only have one or more products' products, and that's for your convenience, but the convenience can be quite expensive!
7. Ask many questions about coverage. Play "what if" game. Ask for clear explanations of terminology. Make sure you and the travel company speak the same language.
8. Do not purchase insurance via your shipping supplier. If the airline goes bankrupt, how sufficient will your insurance cover be?
When Buying Your Travel Insurance
Remember that your travel insurance covers you between specific dates, so do not start your journey early or expand your trip without first changing the date of coverage on your travel insurance. It can of course cost you extra, but it's cheaper than finding yourself without coverage when you need it most.
It goes without saying that you should take your travel insurance with you when you travel abroad. You can not consult the policy if it's sitting on your desk at home. You must also carry your travel insurance company's free telephone number and other contact information with you, wherever you are. You do not feel sick if you get sick or injured and the necessary political information is in your hotel room. It is also a good idea to bring your regular medical coverage card and info with you.
I hope these tips will help you with the best travel insurance for you. So take the trip with the peace of mind that comes from knowing that you are insured by the right travel insurance at the right price. Bon voyage!
Source by John M. Bartanus