• 05
  Sep
  2009

• Managing your international travel insurance portfolio

  
  Filed Under: Blogging
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International travel insurance has a variety of coverage benefits. The coverage required for a vacation trip may not be the same as what benefits you would require in case of a business travel.

Again, depending on the purpose of your trip, your visitor insurance coverage requirement would vary. You may not want to buy adventure sports coverage every time you travel as it may be redundant. Similarly, you may want to buy trip cancellation insurance only when you book a very highly expensive trip and you cannot afford to lose it in case it gets cancelled for some reason.

The timing of buying an international insurance plan may be very important in a few cases. Generally, trip cancellation insurance plan should be bought within 15 days of booking your initial payment with your travel agent to be eligible for full reimbursement.

Similarly, some of the medical coverage services become valid only after a certain waiting period. Hence, you need to plan in advance when would it be suitable to buy such visitor medical insurance policies.