Annual Travel Insurance covers you for every holiday you take for twelve consecutive months. Annual Travel Insurance is generally meant for people who take more than one holiday every year. If you are taking a three-week holiday in some destination during summer and another holiday later in the year, then Annual Travel Insurance could help you save money. Because, if you hold an Annual Travel Insurance, there is no need to spend money for purchasing insurance every time you travel.
Annual Travel Insurance is an insurance policy or contract under which the insurance company agrees to pay for loss or damage or injury encountered by you during your trip. This includes trip cancellation, evacuation, medical emergency, baggage loss etc. If you hold proper Annual Travel Insurance then your worries or anticipations regarding your safety during the trip will be no more.
Annual Travel Insurance policies cover you for one year with an unlimited number of trips. That means, you can have unlimited number of holidays or business trips as you wish and have a guarantee that for all the trips for the next twelve months you will always be covered. During this one year, you can travel as many trips you like, but no trips should exceed the maximum number of days you have selected in your policy. Annual Travel Insurance policy will cover you for a period of one year from the start date you choose. So, one has to be careful in mentioning the start date in the policy. Annual Travel Insurance gives you superior cover levels and reduced excess payments that you need to pay to make your travel insurance claim. Burglary, hijack, hospital expenses, flight delay, travel delay, cancellation, evacuation – everything is covered in a better way if you hold an Annual Travel Insurance. Annual Travel Insurance gives you complete peace of mind all throughout the year and also gives cover to your delayed baggage, loss of personal items or cash, or passport documents.
Obtaining an Annual Travel Insurance policy is very simple. First, select the destinations you wish to be covered for the next consecutive twelve months, and then select the date you want your Annual Travel Insurance to start. After that you have to clear what kind of party you need to cover, that is whether you go for single person, family, couple, group of people etc. and their age groups.
If you are thinking of taking a vacation but you are not sure whether to take out travel insurance or not then this article is for you. Here you will find out the reasons why travel insurance is often an essential for every vacation that you take which will hopefully help you to understand whether or not you need it.
The Advantages of Travel Insurance
The warnings have been given plenty of times but so many people ignore the fact that no matter where you go in the world, travel insurance is often a necessity. So many things can go wrong whilst you are on holiday and whilst you may not think about it, if you are not covered by insurance then you could stand to lose a lot of money. Think about it you spend a fortune on flights, accommodation, activities and clothes and so if you were to lose anything or become ill or injured and it had to end your vacation, it would not go down very well!
Basically travel insurance is designed to protect you against a number of situations, though not all travel insurance plans are the same. Some will cover things such as theft whilst others will cover accident or illness. So it is important that you know exactly what your insurance covers if you do get it.
One particular problem which could occur includes your flight or holiday being cancelled. Usually without insurance you would not get any money back but with insurance you could get a fund or at least a partial refund. This is particularly true in the case of terrorist attacks and these days there is a high chance of a terrorism attack happening throughout the world. You never really think of the things which could go wrong and so it is always better to be protected just in case.
Another common occurrence within airports is your luggage could go missing. If this were to happen then you would be left with no clothes and potentially not a lot of anything. If you have insurance then you could claim anything that is lost or stolen so that is another advantage to having the right insurance for your vacation. No matter what vacation deals you are presented with, travel insurance should always come high in your list of priorities. In fact if you get good travel tours discounts then you would have more money left over to spend on the right insurance for you.
Overall travel insurance can really help out in times of crisis whilst you are on vacation. Nobody wants to be caught unaware whilst on holiday but if you do not have any insurance then that is exactly what could happen.
Before you depart for your country of destination, make sure you are covered by adequate travel insurance. This is done by first surfing the Internet for the best type of coverage to suit your budget. Next is to read the fine print, disclaimers, and other clauses that would matter a lot if, by any misfortune, you are constrained to make a claim. Columbus Travel Insurance promises affordable rates because of cutting out the “middleman” and eventually, the commissions.
Established in the year 1988, Columbus Travel Insurance helps you save money by selling directly to you. They will also go out of their way to give recommendations on your insurance needs, talk with insurers for your insurance covers, and coordinate with underwriters for the arrangement of travel policies.
Columbus Travel Insurance also informs you of the very important vaccinations you need to be aware of when planning trips. They will also provide you with a comprehensive checklist of the most important things you need to take into account when taking out a travel insurance policy, plus invaluable travel tips.
Apart from checking out the different packages from Columbus Travel Insurance, such as their Single Trip or Annual Travel Insurance Packages, you must also conscientiously put all your valuable documents in order. Your passport and the needed visas must be current and your itinerary should be made known to at least two other trusted persons.
Moreover, avoid carrying cash in large amounts. Opt for travelers checks and credit cards when traveling, and always keep them close at hand. You should also make use of safety deposit boxes whenever you’re staying at hotels or inns. The hotel management usually does not claim responsibility for any losses, so it’s best to find ways to keep your documents and jewelry safe.
Columbus Travel Insurance packages typically cover the usual items such as missed departures, travel delays, curtailments and cancellations, or delayed baggage. There are also provisions for personal liabilities and hijacks. Make sure that all the details are explained to you and that you are aware of any and all disclaimers attached to the policy.
For instance, Columbus Travel Insurance has a disclaimer which states that as a client, you have a duty to disclose all the facts which may affect their decision of accepting the insurance risk. If you withhold any vital information, it is highly likely that your insurance cover could be considered invalid. For more info see http://travelinsurance-help.com on Tip Insurance.
To help you make the right decision in choosing the best travel insurance within your budget, check out consumer reviews online. There you will find feedback on Columbus Travel Insurance and on packages from other travel insurance companies as well. You can also find more info on Trip Cancellation Insurance and Trip Insurance. http://travelinsurance-help.com is a comprehensive resource to get information about Travel Insurance.
Is Travel Insurance Really Necessary?
Travel is already expensive enough, isn’t it? The cost of air fare, cruises, hotels, ground transportation, food and activities and entertainment are already high enough. I don’t know about you, but I work hard for my money, and when I travel, I want to keep as much of my money in MY pocket as possible. Is travel insurance a necessity or a luxury? Why not cut a few corners here and there. Why buy something if its not really needed?
My personal answer is, of course, that I am not independently wealthy and cant withstand the potential financial losses if I require medical care while Im traveling. Not being independently wealthy also means that I’m in the market for adequate but cheap travel insurance. I suspect that you are in the same position, so you, too need cheap travel insurance. If youre still not sure about that, consider the following.
Did you know that if you get sick or are injured while traveling abroad, your medical plan may not cover all the expenses you will incur? If the costs of treatment are higher than the maximums of your medical plan, you will be responsible for the difference, unless you have already purchased travel insurance. In fact, you may not even be admitted into hospitals in some countries without proof that you have health or medical insurance.
This is true for everyone, regardless of age or length of time abroad. Suppose you fall ill just a few hours after arriving at your destination. Or suppose you make a day-trip to another country, and you are injured in a traffic accident. Or suppose one of your children is part of a group making a class visit abroad, gets food poisoning and requires hospitalization. In all cases, without adequate travel health insurance, you will be responsible for the costs above and beyond the limitations of your existing medical plan.
Therefore, before going abroad, you need to make sure that you are adequately covered by travel medical insurance that won’t break your budget. You should check to see if appropriate coverage is already available to you through your medical plan, employee benefits, or even through a credit card. If the coverage is sufficient for your needs, then you can enjoy your trip without incurring the extra expense of travel insurance. However, if you are not sure of your coverage, or if your coverage is inadequate or non-existent, then your next step should be to research and purchase the travel insurance coverage you need.
How Much Can You Expect To Pay?
When I bought my first plane ticket to China a few years ago it cost around $2000 round-trip, and my travel insurance cost me over $500 because I didn’t shop around for cheap travel insurance online.
A few years later, a little bit older and wiser, and my travel insurance for another trip to China cost me much less–about $300 for roughly the same coverage. The difference? Before buying my travel insurance for the second trip, I shopped around online and got the coverage I needed, at the right price. If I’d have purchased my travel insurance for this latest trip from my travel agent, it would’ve cost me about $600 for the trip, and my plane tickets only cost $1,500! Not exactly the smart way to go.
So how much will it cost you? Not as much money as it will cost you if you get sick or injured abroad and you don’t have any travel insurance coverage! That’s the obvious answer to the question.
In fact, how much travel insurance costs will depend on your age and the type of coverage you choose. Basic policies cost as little as $5.50 USD per $1000 of coverage. On the other hand, you can expect a full coverage policy to cost you from 7 to 10% of the cost of your trip, depending on your age. The older you are, the more you will pay. No matter what the cost of the policy, however, it’s sure to be much less than the cost of medical evacuation!
The good news is that you can easily, conveniently and quickly research and locate excellent but cheap online travel insurance and reduce the costs while making an informed purchase. This is much better than taking what you are offered at the travel agency because you can choose from hundreds of travel insurance companies and polices and save yourself a lot of money in the process.
What You Should Consider When Buying Travel Insurance
To assist you in your research, here are some suggestions to help you make an informed purchase.
1. Consider the worst-case scenario. If you can financially withstand the worst-case scenario then maybe you don’t need travel insurance or maybe you don’t need a comprehensive policy.
2. Make sure the policy you are considering provides adequate medical/dental coverage, including medical evacuation coverage just in case you need medical care in a place where the best treatment available is below the standards you are accustomed to in your country. This can happen if you fall ill in a developing country or even on a cruise ship.
3. Check your existing insurance policies for possible coverage. There is no sense in paying more for what you already have in your homeowner or tenant policy, such as theft and loss coverage.
4. If you are a frequent traveler, you should consider annual or year-round travel insurance policies. Sometimes they are called multi-trip travel insurance policies. Whatever the name, these policies can be relatively cheap when compared to single-trip travel insurance policies.
5. Know what you are buying, so read the fine print. Make sure that you understand what the company considers to be a legitimate reason for cancellation or interruption. If the list is too restrictive, maybe you should consider another policy.
6. Don’t restrict yourself to buying only from your travel agent. He/She will probably only have one companys product(s) available, and it’s there for your convenience, but that convenience can be quite costly!
7. Ask lots of questions about the coverage. Play the “what if” game. Ask for clear explanations of terminology. Make sure that you and the travel insurance company are speaking the same language.
8. Don’t buy the insurance through your transportation provider. If the airline goes bankrupt, how adequate will your insurance coverage be?
Once Youve Bought Your Travel Insurance
Remember that your travel insurance policy covers you between certain specific dates, so dont start your trip early or extend your trip without first changing the dates of coverage on your travel insurance policy. Of course, this might cost you extra, but that’s cheaper than finding yourself without coverage when you need it the most.
Also, it almost goes without saying that you should bring your travel insurance policy with you when you go abroad. You can’t consult the policy if it’s sitting on your desk at home. You should also carry your travel insurance company’s toll-free assistance phone number and other contact information with you wherever you go. It does you no good if you get ill or hurt and the necessary policy information is sitting in your hotel room. Its also a good idea to bring your regular medical coverage cards and info with you.
I hope these tips will help you by the best travel insurance for you. Then take your trip with the peace of mind that comes from knowing that you are insured by the right travel insurance policy at the right price. Bon voyage