24 Feb 2008 12:33:15 | F K, RN
Most people don't really know what they're looking for in travel
insurance they just want something to take care of them in case
they can't make the trip or if something happens to them while
on the trip.
Trip cancellation and medical travel policies are the simplest
types of travel insurance.
Cancellation insurance allows travelers to cancel a trip at the
last minute withoutlosing all the money they paid for the trip.
Medical insurance provides coverage when you are traveling
overseas. Other plans cover emergency evacuation, loss of your
baggage, some kind of travel delay.
The plans no traveler wants to think about: kidnap and ransom
coverage, acidental death and dismemberment.
What's the cost of travel insurance? Say you're a 40-year-old
taking a trip for a month. If you wanted $100,000 worth of
medical coverage with a $250 deductible,thepremium would be
approximately $100. For trip cancellation that requires no
deductible, you would pay a premium of approx. $100 for a trip
that would cost you $3,000. If you intend to spend $5,000 on
your trip, the premium would be approximately $168.
Given the world situation, you may want to add war and terrorism
coverage. There is a catch-it won't be cheap.
Choosing to buy travel insurance depends a lot on what kind of
person you are and where you are intending to go.
People under 50 are most likely to buy medical insurance.
Usually older traveler's buy trip cancelation plans.
For an example, in Europe, you may not need travel insurance
where health-care quality in like the US. But some of the
policies, such as emergency evacuation, might be worth looking
into for certain kinds of travel.
When you decide to travel, you take the chance of lost luggage,
flight cancellations, reservation cancellations, theft and many
even more situations which can cause anxiety.
When you plan a vacation, it is stressful enough without having
to worry about something going horribly wrong while on vacation.
Purchasing travel insurance will assure that you are compensated
if anything goes wrong on your vacation.
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