• 05
  Sep
  2009

• Managing your international travel insurance portfolio

  
  Filed Under: Blogging
  0 comments, add yours

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.

• 03
  Sep
  2009

• International tourist insurance budget

  
  Filed Under: Blogging
  0 comments, add yours

Buying the most comprehensive international tourist insurance plan covering almost all tourist risks is ideal for any overseas traveller. However, it is not practical as the premiums would be too expensive to afford. In addition, all the benefits that you purchase may not be required for the particular trip.

Hence, if you want to buy international tourist insurance plan, evaluate what benefits are highly important. If you have made advance bookings for a long vacation or spent on a lot of non-refundable deposits, then your losses may be really high if the trip does not happen as per plan. Hence, trip cancellation insurance is of a high priority for you.

In case you are visiting your children for a short stay, then extensive coverage for medical exigencies should be your top priority. If you are planning a vacation involving hazardous activities, you cannot afford to skip adventure sports coverage.

In addition, if you are purchasing a family or group health insurance plan, you need to cover the needs for all the members travelling with you under the same international tourist insurance plan.