For any trip to be a secure one, it is important that you, as a traveler, have travel insurance, something that should not be put aside by any means. While very few people are familiar with what a travel insurance policy is, there are some who know about travel insurance only for specific needs. Apparently, having a travel insurance policy is a must for every traveler- this article is to clear all your doubts and answer to all your queries regarding the benefits of a travel insurance.
1) What is travel insurance protection?
Travel insurance is a type of insurance that covers you financial for any losses or illness that may unfortunate occur while you is on your trip. Travel insurance can be bought for international or national (within your country) trips.
2) Why should I buy travel insurance?
Since travel insurance protects you while traveling, this will help and provide the necessary protection you will need in the occurrence of an unfortunate event. Any individual traveling anywhere without travel insurance will be in a dangerous situation if an accident occur.
3) What is the coverage for travel insurance?
Travel insurance should provide coverage for medical cost, transportation to a medical facility, and reimburse you for certain or some nonrefundable costs due to a interrupted trip, and financial loss of funds.
4) How much does travel insurance cost?
How much the cost of your travel insurance will be depends on your insurance company provider and their policy. The cost of travel insurance usually will range up to 12 percent of the cost of your vacation/trip.
5) Is travel insurance really important and how many people actually get paid for their claims?
Travel insurance is highly recommended, there are usually about 10% of people who file claims. Sometimes some travelers make have taken a overly expensive trip that they would have to pay out of their own money if they have not bought travel insurance.
6) What is the medical care coverage?
When there is a case of illness or serious injury, medical transportation to an appropriate medical facility, and medical treatment will be covered. You should also have coverage for if it is deem necessary to bring you back home.
7) Does travel insurance cover business trips?
This will depend on the insurance company. Most insurance companies will provide travel insurance for a business trip, but the coverage may be separate from the standard coverage.
8) How long will travel insurance provide coverage for me?
You can often buy travel insurance starting from as little as two weeks, up to a year. Different insurance companies may vary with their service of coverage.
9) When is the best time to buy travel insurance coverage?
The best time to buy travel insurance is as soon as possible before you go on your trip or vacation. You want your travel insurance active during your whole trip.
10) What will happen if my money is lost or stolen?
If you cannot receive traveler checks replacements many insurance companies provide a service where a travel agent can arrange a money transfer or traveler check for you to receive. You will have to ask more about this to your travel insurance provider.