• 31
  Oct
  2009

• Travel Insurance claims during undesirable weather conditions

  
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Claims filed in the case of trip cancellation due to extreme weather conditions are very tricky. Coverage for hurricanes, storms, civil unrest, flight delays due to bad weather and pandemic outbreak panics typically do not fall under traditional trip cancellation insurance coverage. However, thanks to media coverage and awareness about the reality of such inhabitable conditions, the travel insurance sector has accommodated such exigencies into their packages. Major world events have made the insurance providers to rethink while denying the claims.

Recently, the wave of H1N1 panic which spread across the world sprang a lot of questions about how the insurance providers would cover the insured in case of illnesses in the destination country. In the past, the insurance providers never offered coverage for such outbreaks but now the trend is changing with time.

Another example was providing coverage for trip cancellation during recession in case of supplier going out of business or cancelled meetings. This was also highly accommodated during the recent difficult financial times.

The travel insurance sector has tripled in its growth in the past 8 years. This only shows that more and more customers have been attracted to buying international travel insurance coverage.

• 29
  Oct
  2009

• Adventure sports expenses

  
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Insurance policies covering adventure sports reimburse expenses incurred due to injury or illness while participating in these hazardous activities. People going on a vacation sometimes fail to give priority to avail coverage for adventure sports. That is probably because, they do not know the possible expenses that they may have to shell out during real emergencies.

Imagine that you are going on a mountain hiking expedition. Possibilities of getting mountain sickness are high especially for beginners and adventure enthusiasts already having breathing or respiratory problems. Simple first aid may cost a few thousand dollars, if you require evacuation, you may have to pay about $10,000 to $20,000 for air ambulance facilities which may be required to transport you to the nearest hospital.

Similarly, sea adventures involving diving and spending long hours in water may put you into some complicated ailments like decompression sickness which cost you a few thousand dollars for treatment. Trekking can result in itching, rashes and fatigue due to mosquito or insect bites in a forest area which would cost about $5000.

In order to protect yourself from such huge expenses during medical exigencies, it is worth to pay for an international travel insurance plan covering adventure sports at affordable premiums!

• 28
  Oct
  2009

• Insure your personal belongings

  
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While planning a trip, we tend to take gadgets like mobile and camera, jewellery, traveller’s cheques, clothing and other accessories. Have we every wondered what could be the worth of our travel bags?

Reports indicate that the net worth of a comprehensive travel kit, be it for business or leisure would cost a few thousand dollars. How many of us are prepared for any baggage arrival delays or baggage loss? Only when we lose our belongings do we know their importance or their worth.

Buying clothing and other essentials in a foreign land especially if you are travelling in a group or as a family could really put your financial situation under stress. Hence, it is important that you buy an international travel insurance plan that covers loss or theft of your baggage.

While finalizing your insurance plan, ensure that the baggage coverage amount is sufficient and suitable for the worth of your valuables. If it is as less as say, $200 and the worth of your baggage is a few thousands, the coverage amount would be negligible and does not reimburse your loss sufficiently.

• 27
  Oct
  2009

• Trip cancellation and interruption

  
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Trip cancellation insurance comes into picture when your trip is interrupted forcefully because of terrorism, weather or illness. Trip interruption occurs in case you need to advance your date of return and cancel a part of your journey due to various reasons. The reimbursement that you are entitled to would never exceed the actual amount you have spent in advance while planning the travel.

Non-refundable investments may be too expensive during a trip in case it is not utilized. This includes advance reservations, package tours, accommodations, etc… that you need to book before you travel. In case you need to cancel due to unforeseen circumstances, trip cancellation insurance guards you from this loss.

Trip cancellation insurance not only covers for problems occurring in the destination country. It could be for personal reasons also. For example, if your close relative falls sick and you are forced to cancel, you would still be reimbursed.

One needs to ensure that you need to buy the insurance well in advance, after booking your trip with the agent. The recommended time period would be mentioned in your insurance policy document.