Direct Travel Insurance Guide – For a Sure-shot Hassle Free Tour

There are countless things that you have to keep in mind while planning an important trip abroad or within the country. Among this is travel insurance. If you wish to ensure that your forthcoming trip is smooth and hassle-free, then you cannot afford to miss out on this one. However, with so many policies on offer and difficult technical terms to confuse you, deciding your travel insurance policy may be a daunting task. This beginner’s guide will surely help you. Read on!

Travel insurance terminology made easy

It is vital to know the terms used in insurance related negotiations before you go about the daunting business of looking for tour insurance.

Policy holder: The person or organization who has been issued the policy.
Beneficiary: The person who is to receive the proceeds of your insurance policy in the event of your death.
Benefits: The amount that you will be provided by your insurance provider under the terms of your policy.
Excess: The amount that you have to pay towards each claim you make before the insurance provider begins paying.
Excess waiver: The extra amount which you could pay on your policy to get the excess waived.
Exclusions: These are expenses that the insurance provider would not be obliged to pay for.
Expenses: They are expenses that an insurance provider is under obligation to pay you for.
Indemnity: It is the payment against losses to return you to your financial position before the loss.
Premium: The cost of your insurance cover
Annual cover: You pay premium just once in a year and that covers all your insurance needs for one year (you may choose single trip cover and save money if you’re sure that you’ll be making only one trip in a year)
Claims: When you ask for compensation from your insurance company for something covered by the policy, it is called a ‘claim’.
Legal expenses: Some policies offer a certain amount for legal expenses while traveling.

Obtaining travel insurance might be easy but make sure that you are not being duped and the policy fulfills your individual requirements before you zero in on your provider.

Types of travel insurance policies

There are quite a few travel insurance choices you will find at your disposal and it is solely up to you to decide which one is the best for you. These are some of the insurance policies that you might consider as you plan your next tour:

• Trip cancellation and interruption insurance: This policy provides a passenger essential coverage in the occasion when problems arise due to cancellation or delay of travel plans. Travel insurance policies like this generally include financial assistance required to get a person home after the travel plans are laid off.
• Medical evacuation travel insurance: It is a different kind of travel insurance that facilitates compensation for any medical services carried out on a traveler including the use of facilities and personnel.
• Emergency travel medical insurance: This type of insurance is suitable for those who already have a medical insurance coverage at home but one which does not cover a health plan when they are traveling. Emergency travel medical insurance covers emergency services abroad only which means that the services are not applicable once the person returns home.

Hope this will help you decide wisely when you choose a travel insurance policy for your next tour.

Types of Worldwide Travel Insurance

For those who are looking to travel a lot in the coming years, knowledge about worldwide travel insurance is mandatory. The travel insurance schemes have many benefits and travelers must invest some time thinking about what is the right kind of insurance for them and what would they need to pay on a monthly basis or in a onetime payment. This insurance gives a person lot of peace of mind and it usually decides on factors like time period of stay, uncertainty of stay, amount of travel etc. There are many types of travel worldwide insurance.

Worldwide Travel Insurance by Location

The insurance benefits are different for different people. This means the cost and the coverage would vary from person to person hailing from different parts of the world. A good example is the insurance for European Union residents which is different from the insurance for non-European Union residents. For European residents, the policies are priced in terms of Euros which makes it easy for the tourists.

Sports Insurance

If you are an adventure enthusiast, worldwide travel insurance has many schemes which will provide you with sports insurance and also a flexible cover for participation either casually or in a competitive scenario.

Winter sports Insurance

Policy holders of worldwide insurance should also enquire and avail the benefits of risky winter sports that include heli-skiing, parapenting, off-piste, snowboard and generally skiing. Most of these policies are taken by families as a whole and children get coverage free of cost and the premium is paid for the adults.

Long stay Travel Insurance

In this case, the traveler needs a worldwide travel insurance to stay for a period as long as 18 months. This insurance in some cases also covers adventure sports during the stay and saves money for extra insurance like winter sports or skiing insurance.

Travel worldwide insurance can also be single or multi-trip. Although multi-trip would be slightly more expensive, it means you will have coverage for a given period of time and you can make as many trips to that place as you need to and your policy will still be valid. If someone toggles between two countries once a month or so, to take care of family and business, this kind of insurance is ideal as it doesn’t take the number of trips during a period into account and bulk payment is always less than individual policies for every single trip. However, if one has only one or two planned flights, then applying for a multi-trip insurance is really not advisable as it will prove more expensive. Some people prefer to take the annual insurance and then one can fly back and forth as many times as required.

Although a few people due to emergency situations or last minute decisions fly without an insurance it is easy to procure the insurance once a person reaches or in the middle of the stay too. The same is the case when the insurance of a person expires in the middle of a trip.

International Travel Insurance For Comfortable Travel

International travel insurance has been a catch phrase for people who have taken trips abroad and have visited different places across the globe. All the trips of people have normally been accompanied with travel insurance to cover the said trip and protect the individual. But the question remains as to what these travel insurance policies really are and if these are truly justified with the welfare of the traveler.

As a matter of course, these insurance policies are very important to say the least. There are explanations of course, as to why such insurance is very important to the tourist or the traveler. It is worthy to note of several reasons in making the acquisition of travel insurance an important exercise.

When it comes to international travel insurance, there are many choices and alternatives to take. There is an inventory of choices for you to take and there are different plans which may be tailor fit to suit your requirements and cover you for any accident which may happen in the course of your traveling. There are basically four types of insurance coverage terms.

1) Emergency medical insurance. This provides full coverage for diagnosis and medical attention to an injury or illness which happens during travel.

2) Trip interruption or cancellation. The reasons for trip cancellation are varied and may range within the following reasons: illness, forfeiture of assets, traffic accident along the way, termination from employment, crime, terrorist attack, inclement weather, strike, or other civic duties.

3) Misplaced luggage insurance. This insurance answers the costs of lost, stolen, damaged or delayed luggage for more than 12 hours against personal items and expenses.

4) Trip accident coverage. This basically provides insurance coverage during your flights abroad.

You should take extra care to plan ahead and prepare enough for you and your family when considering which worldwide travel insurance to take. While opting not to take insurance for yourself, it is best to realize that saving a few dollars might not be worth it compared to the potential risk you take when you do not have a comprehensive insurance coverage.

For a minuscule amount of money, you can afford good and adequate protection for you and your family with travel insurance for any unforeseen circumstance or emergency situation. It is better to be insured comprehensively, with provisions for insurance that is wide-ranging, from delayed luggage to flight cancellation. Remember that the few dollars you save from not getting insurance may not be worth the risk you are exposing yourself.

Similar to other insurance coverage policies, the travel insurance functions by taking into consideration all the possible risks and untoward circumstances which may happen to you and your family. While the insurer would present you with the different insurance coverage proposals, it is up to you to select which program or coverage would best suit your needs.