неделя, 29 август 2010 г.

KNOW YOUR TRAVEL INSURANCE

Travelling is a daily activity for many people around the world owing to avid self interest or due to other compulsions. Travelling is a blend of both adventure and risk and therefore your safety while travelling is very important. You could be a globe trotter, a sportsperson, a business person travelling to clinch business deals and so on; travel insurance can impart a sense of security in every traveler. There is a wide gamut of insurance policies available today that you can choose according to your requirement to cover all your needs.

Travel insurance is not only for covering your injuries during a travel but also it can cover for your losses due to events like delayed or missed departure, trip cancellation or interruption, loss of baggage or valuables, pre-existing medical condition and so on. Travel insurance acts as a back up for all kinds of unanticipated events and reimburses most of your expenses with the basic cover including reimbursement of ticket costs and medical expenses.

Choosing the right kind of policy that accounts in all your requirements is the first and most vital step. To choose the policy that is most suitable for you it is essential to understand what kind of traveler you are. The policy cover differs on the basis of frequency of your travel, the duration of your travel, and also the purpose of travel. Specialized plans like students plan, backpackers plan, over sixty five plan, extreme sports plan, annual plan, family plan etc are available to meet the specific needs of various individuals. The students plan caters to the travel needs of students living abroad and offers cover for even up to a year of travel. Backpackers plan is tailor made to suit the needs of those involved in road related and trekking trips. The over 65 plan is for senior citizens and this plan involves higher premiums as senior citizens are more vulnerable to injuries. Annual plan covers the businessmen and others who travel for most part of the year. Family plan offers insurance cover for your family during travel and the cover can be extended to include tours made by organizations, churches and so on. Extreme sports and ski plans provide cover for risky sports like jet skiing, scuba diving, bungee jumping and so on.
The insurance coverage varies with the insurance companies yet there are certain basic rather mandatory covers that are provided by all companies. Certain countries also require the traveler to have certain kind of insurance cover. Medical insurance is the most important cover that all travelers must have as injuries and ailments occur frequently during travel, and next come the cover for losses and cancellations. Knowing the coverage offered by the policy you choose is very important in order to avoid duplication of coverage as well as to avoid financial losses. You must choose your travel accident insurance policy after proper scrutiny and brainstorming. Knowing what is not included in the cover is also important so that while making a claim you don’t find yourself ineligible for it. Finally it is also important that you don’t spend most of your money on an insurance policy and cut short on your travelling budget. There are many cheap insurance policies and with some amount of research it is easy to find the best deal.

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