Budget Travel Tips:
Buying Quality Discount Travel Insurance
Is Choosing the Cheapest Travel Insurance Policy a Good Idea?
There are many different types of travel insurance that you can buy ahead of your domestic or international trip, but most are very cheap considering the amount of benefits they provide. Even if your regular insurance covers your health needs domestically and abroad, travel insurance policies can be more comprehensive and will supplement your regular coverage. They cover a variety of conditions and situations which may arise. Here are key plan features that you should consider and ask for when choosing the right plan for you and your family.
Understanding Travel Insurance
Underwriter and Ratings
An Overview of Key Benefits and Features:
All travel insurers are underwritten by an insurance company. The insurance companies are rated by the A.M. Best Company, which ranks the stability and financial strength of the underwriters. Rankings of A to B+ mean that the underwriter is considered secure. If your trip is long or you just want to be safe in the knowledge that the underwriting company will be around throughout your trip, choose one that has a secure ranking.
Plan Cost and Plan Deductible
The cost of any travel insurance plan is always a function of the quality and breadth of coverage, as well as the plan deductible. When comparing plans, always make sure to thoroughly review all the features to make sure you are comparing apples to apples. A higher deductible usually means that the plan will cost less.
This benefit covers most kinds of medical and dental treatments required due to illness or injury. The coverage that is generally included tends to very by plan from bare bones coverage to complete 100% re-imbursement for all related expenses. Read the fine print carefully to understand exactly what is covered by the policy you�re considering.
Medical Evacuation and Repatriation
If you�ve either fallen ill or been injured in a place that can�t adequately treat you, many plans will pay for your evacuation to the nearest quality facility or back to your home country.
Emergency Medical Reunion
In the event of an emergency evacuation, some plans will pay for an individual like a relative or friend to join the insured person wherever they are hospitalized so that they can be accompanied home.
Enjoy your vacation worry free!Purchase Travel insurance through Travel Guard
for as little as $30.
Accidental Death and Dismemberment (AD&D)
Travel Insurance policies will pay a principle sum or a percentage of that sum in the event of death, loss of limbs or paralysis of the insured. It�s a grim topic, but it�s a major part of most travel insurance policies. Some policies will have this coverage apply to accidents at the destinations only and may have separate optional Air Flight Accident AD&D coverage.
A pre-existing condition may or may not be a special issue to be addressed by the policy. Many will not make an issue of a condition like asthma, but more serious ones may require special policies. Check with the provider if you aren�t sure about it.
Trip Cancellation covers you if you need to cancel your trip before it begins, but after you�ve booked flight, hotels and tours. Acceptable reasons can be because you get sick or injured, a strike occurs or weather conditions that prevent the trip from taking place, terrorism at your destination or other unforeseen events. This can be especially useful if you book a tour or all inclusive type of vacation that requires large deposits ahead of your trip. You�ll rest easier knowing you�re covered if anything falls through.
Story continues below