17 Mar

Travel Insurance Plans Makes Your Holiday More Enjoyable

With the world becoming accessible easily and quickly, travelling around the world has become a frequent activity. People travel for business purposes, holidays, as well as for education. Buying a travel insurance plan has become important to avoid financial losses.

How does Travel Insurance help? 
Firstly, it give you peace of mind on your journeys. Secondly, they offer several benefits like a cover for medical expenses. It provides emergency foreign cash for accidents, injury, disability or death. This cash includes hospitalization, funeral expenditure, and damage or loss of personal property. In such cases, this plan also bears the travel cost of the insured’s family members.

Also, it offers a cover for emergency situations like repatriation and evacuation caused due to bad weather, riots, or other such events. It protects you against delay or loss of baggage and passport. Along with this, it compensates losses incurred due to flight delay, cancellation, and interruption. In such cases, it offers compensation for food and stay. In addition, it offers a cover for theft as well. Also, It provide protection against legal liability to the insured.

What is the eligibility? 
There aren’t too many eligibility criteria to buy a this plan. However, health and age are two basic factors that are taken into consideration. Generally, it depends on the type of travel insurance plan you buy.

Let’s take a brief look at the type of plans that are available. 
It could be based on the duration or frequency of your trip. You could select from a single journey, multi-trip travel or long- stay travel insurance plan, etc. Also, there are travel insurance plans especially for students and businessmen to suit their specific needs and requirements. Many companies buy travel insurance plans in bulk to protect their employees. Students get special benefits from this plans like compensation of fees in case the student leaves the course as a result of accident, injury, death, and other such emergencies.

Several banks in India offer insurance plans for travel. However, it is wise to choose the right plan that serves your needs efficiently. Also, it is important to note that this insurance is mandatory for international travel. In case of domestic travel, it is not compulsory but it is advisable. This is because this plan provides financial safety and security in a foreign land. It allows you a hassle- free journey with this plan that covers all your needs.

For more information please visit https://www.mycover.com.au/

17 Mar

The Ultimate Guide to Travel Insurance for Your Family

Travel insurance provides protection financial protection for your family while travelling. It covers medical expenses, trip cancellation, delayed departures, and personal liability. Additionally, it may cover replacement costs of lost luggage, damaged items, and theft. People travelling for business, adventure, leisure, internationally, and educational purposes are all eligible to purchase travel insurance.

Types of Coverage

Many health insurance providers do not cover medical expenses incurred while travelling abroad to another country. Therefore, travellers insurance that provides major medical coverage is necessary for families travelling internationally. Accidents occur every day, and children are even more prone to danger. Take for example, the family who went snorkelling along the coral reef. Their son bumped his leg into a sharp point and it began to bleed profusely, requiring stitches. Luckily, for his parents, they had purchased medical coverage for their trip, so they did not incur an added expense at the emergency room.

Each year, thousands of families utilize rental cars while travelling internationally. It is much more convenient and cost effective than using public transportation. However, driving in another country can be hazardous because of different driving laws, legal requirements, and unclear directions. Travel insurance that offers rental car coverage provides protection against these perils. If your family is involved in an auto accident overseas, rental car plans will cover expenses such as, vehicle repair or replacement, medical costs for your family and the other driver, liability, and legal assistance.

Have you ever been waiting at an airport for hours, only to learn that your flight was cancelled? It is a frustrating feeling. Additionally, now you and your family are going to miss the connecting flight. If you are lucky, the airline might reimburse you for the cancelled flight or they will just put you on standby, which means you have to wait at the airport for the next available seat on a flight to your connecting city. However, the airline will not assume responsibility for the missed connecting flight. Therefore, you must purchase additional airline tickets for you and your family if you still want to go on vacation. Now your family retreat costs twice as much, which leaves less money in your pocket for activities. Travel insurance would not only cover the delayed flight, but also the missed connecting flight. Additionally, most insurance companies provide twenty-four hour assistance that takes care of the headaches and hassles involved in dealing with the airlines.

17 Mar

How To Choose Good Value Travel Insurance

Travel insurance provides coverage against financial and other losses that you may incur while traveling domestically or internationally. You can either get it at the time of booking your trip, for the exact length of the trip or you can get it for a longer period. Travel agents, travel insurance companies, cruise lines, or tour operators can all help you with purchase of continuous travel insurance.

Here’s a list of some of the most common risks that are covered by travel insurance:

– Cancellations and/or Curtailments;

– Delayed departures for flights, and other modes of travel;

– Loss, theft or damage to personal belonging and money including travel documents;

– Delay or loss of baggage;

– Medical expenses/Sickness;

– Emergency evacuation/repatriation;

– Overseas funeral expenses;

– Accidental death, injury or disability benefit;

– Legal assistance for travel related needs;

– Personal liability;

– Loss of income due to other reasons.

Some travel insurance companies have travel policies, which will also provide you extra coverage for additional price. However, these costs vary widely from carrier to carrier. Here’s a list of the extra insurance coverage that can be purchased for an additional fee:

– High risk sports (e.g. bungee jumping, scuba diving, sky diving);

– Travel to countries with high risk (e.g. due to civil wars or natural disasters);

– Travel with pre-existing medical conditions (e.g. asthma, diabetes, heart conditions).

17 Mar

Annual Travel Insurance: Leave All Your Worries At Home

Travelling and seeing the world with your own eyes is definitely a blissful experience. However, it is always advocated that one should do his homework well before travelling to any foreign land. Since, the most cautiously planned trip can also become complicated due to the unexpected events. For instance, medical emergencies, cancelled flights, lost luggage or natural catastrophes. Recently, the whole world has heard about the natural catastrophe of Tsunami, which ruined the vacations of thousands of people and destroyed the cities. In such circumstances, it is clear that you need a backup plan, which will help you in such drastic circumstances.

Travel insurance is there to facilitate you with the legitimate coverage on your travelling, either internationally, or within your own country. If you are a frequent traveler then you probably would like to know about the annual travel insurance. As it is the best method to make your trip or journey more secure and hassle-free. The multi trip insurance is specifically designed to facilitate and save money on the travel trips. As a rule, annual travel insurance provides legitimate coverage on medical expenses, trip cancellation, accidental death or injury, delayed departure, personal liability, rental car damages, and loss or theft of personal possessions.

Moreover, by buying an annual insurance policy, you are saving money. Particularly, the annual travel insurance is beneficial for those people whose travel trip is unpredictable. This type of travel coverage will help you to obtain the advantage of the trip insurance even at the last-minute deals. The annual travel insurance is available for all types of trips either business or pleasure. Once the traveler got the insurance, they are insured for the whole year. They can take multi trips in that year with the assurance of being covered against numerous risks that might arise when enjoying their stay in a foreign country. Annual travel insurance can also be customized according to the need of the traveler, so it would lower the premiums being paid for the insurance policy.

The annual travel coverage has numerous benefits over single trip insurance policies. It saves time and money even at the last-minute of the travel plan. Some companies that provide such insurance deals also offer many other advantages of family insurance cover. They offer the benefits for the whole family by just one policy. This type of policies is helpful during the family holidays, or if any of your family member travels. The annual travel insurance will assist you 24 hours a day, 7 days a week during the trip to make it pleasurable. By arranging annual travel insurance, you can make your business or holiday trip hassle-free and memorable.

17 Mar

Annual Travel Insurance – Things to Consider Before Arranging Coverage

If you think annual travel insurance is a waste of money, think again. Nowadays, most of the people in the UK have been travelling for a lot of times, inside and outside of Europe. Yet, despite this kind of frequency in travelling, some people still have to bother about searching for the cheapest travel coverage that they could get each and every time that they are looking forward to a new trip. The aim of looking around and comparing prices of travel insurance in order to find the cheapest one seems pretty obvious – to save money. This kind of move is the most convenient one to take but only to certain types of travelers and not to every kind of traveler. Getting one travel insurance for one trip would work best only for those who travel for about once a year, in which those travel were already planned in detail ahead of time. However, for those who have a lot of travelling to do which could also be spontaneous for most of time, doing such isn’t good for them; they should afford to get an annual travel insurance. The frequency of your travels is the first thing that you have to consider before you arrange for a travel insurance policy.

Annual travel insurance can also be referred to as annual travel cover, yearly holiday insurance, annual trip insurance, and annual multi-trip. This kind of policy is very well suited for individuals, couples, and families, who do a lot of travelling throughout the year. By getting this kind of insurance, one can be assured that he can travel in and out of Europe for the next 12 months without bothering about getting a new insurance policy each time he travels. Usually, insurance policies of this kind have travel coverage of even up to 120 days. The next thing to consider is the age. People of age 66 to 70 have a maximum of 60 days, and those with age 71 to 74 (the maximum age that can be covered) has coverage of about 31 days at most. In this kind of insurance policy, you can choose a variety of items which can be covered by your insurance. These could include a cover for any hazardous activities, cover for baggage and other personal belongings, cover for your golfing activities, excess waivers, and even an unexpected cancellation of events that you were supposed to attend. When it comes to duration, there is also an even wider policy than that of annual travel insurance: comprehensive travel insurance. If you happen to be continuously travelling outside the UK for up to 15 months at a time, then this type of travel insurance is best for you. You could even extend this policy for even up to 18 months when you subject it to no claims on medical problems. This could also have the same options as that of an annual trip insurance policy.