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).