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Travelers Can Gain Some Protection - Travel Insurance

BY: Robert Harris | Category: Travel | Submitted: 2010-09-16 21:53:39
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Article Summary: "Travelers can gain some protection for their spending when they arrange travel plans especially when travel agents may call for some prepayments to be made and so travel insurance is highly necessary. When an existing policy is available then travelers should definitely consider reviewing the conditions of the policy..."

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Travel insurance can provide much benefit to travelers of all sorts but one of the main purposes for having coverage when a person travels is to secure the hard earned money people place into making travel arrangements. People will normally have other insurance policies available and so they should take the time to see if these can be used for travel. There are times when these insurance policies already cover possible losses for the plan holder.

A person can choose among different coverage plans and this will inform the traveler between the two types of travel insurance with one being comprehensive or broad coverage and the other one being the more specific travel accident or airport flight insurance. Premium payments depend on whether a coverage plan is already all encompassing or whether provisions need to be bought one by one at different prices for each. A traveler can always rely on a comprehensive policy to assist him or her should losses arise due to possible illness, emergencies, and other mishaps within a trip.

Other provisions that may be available include flight insurance, reimbursements for lost belongings, daily living allowances when flights are delayed, personal liability insurance, and assistance for emergency evacuation. The occasional traveler need not worry if there are certain exclusions in his or her policy. Travelers should know how insurance policies can differ from one another.

For about $5 per $100 of coverage, insurance for cancellation and interruption is good coverage if you're making large advance deposits or if your trip arrangements require you to keep to specified dates. Non refundable payments for travel arrangements can easily be refunded when there is a policy like this one that a traveler can apply. Penalty payments are common when travelers change their prior reservations and so here is a policy which can help them should such an event occurs.

Any changes in travel plans will always be covered if a traveler avails of this insurance policy. The policy will shoulder any financial obligation that is required for the traveler to have the chance to catch up or go back home. Any other reason aside from illness, injury, or death are not valid for the company to pay for travel losses from cancelled trips.

A policy will only be applicable should trips be cancelled by the air lines or cruise lines themselves especially when they declare bankruptcy. People have the option to get baggage insurance at a cost reflected by the dollar limit and length of time. When items such as contact lenses, money, tickets, and the like are not checked in as luggage then insurance will not cover any losses.

There are personal policies like homeowner's or renter's insurance which are meant to cover valuables should instances of fire and theft arise and these policies can also have stipulations to cover lost baggage during a trip. A person who loses a bag can resort to using baggage insurance. People can easily get themselves an annual medical insurance policy.

Travelers usually end up having to pay for medical services when they go overseas but the costs can be reimbursed in their home country later on. Medicare policies work best when the policy holder is within the United States otherwise the policy may be of no use to him or her. It can sometime be a good suggestion to just get regular Medicare supplements.

What should a traveler expect to pay for this kind of insurance? Let us consider a two week vacation for a family of four where a comprehensive travel insurance policy is applied for consisting of accidental death and dismemberment services, assistance for emergencies, medical expense support, reimbursement for lost belongings and possible cancellation of trips or other interruptions all at a combined cost of more than a hundred thousand dollars. Based on the numbers provided by an insurance company the average premium rate for this policy will amount to two hundred dollars or so.

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