With the popularity of Travel Insurance rising with travelers rushing ro take a cover for their hard earned money, here is what you need to know about it…
Travel Insurance is a collective term… Below are the most common types of travel insurance…
A medical evacuation is often a chartered trip (usually a flight) for a patient who is not well enough to return home by other means to better facilities or to their home country. Though the need is rare, its costs can be devastating to most peoples’ savings. On-balance, the cost of coverage for it is not terribly great.
It typically involves traveling with medical personnel looking after you throughout return home, along with any needed equipment, medications, etc. Although some people have worldwide medical coverage as part of their everyday health insurance, it almost never comes with international medical evacuation. Even if you are willing to forgo all other types of internationaltravel-related insurance, no one should ignore medical evacuation coverage.
There are multiple reasons a traveler would need medical evacuation. In simple cases, after local treatment, you may just require medical monitoring, perhaps on a commercial flight…possibly in first class (to provide necessary room) for you and the nurse or other. In moderate cases (after hospitalization), you may be just well enough to travel with medical assistance while lying down, but not well enough to use a commercial airliner…especially if you have or had a communicable disease. Some less-developed countries or the hinterlands of most countries may have no capabilities to treat serious injuries or illnesses. You might there need to be immediately evacuated to a distant location for treatment, to later be evacuated to/near home.
Travel insurance will often cover expenses related to unexpected cancellations by your carrier or destination providers, e.g., costs associated with a canceled flight, including accommodation, meals and other incidentals. Cancellations due to emergencies are often also covered, some possible examples include the following:
- Medical advice telling you that you cannot travel
- A death or (sometimes) medical emergency in your family
- A major disaster at home such as a house fire
- Disasters or upheavals at your planned destination that occur after you booked your trip
Depending on what’s happened, the insurer might pay re-booking fees, refund lost deposits, or pay for travel home. Travel insurance pays only for direct losses such as these; you won’t get additional compensation for things like your disappointment at your holiday being cancelled.
More expensive policies may also cover your own discretionary cancellations if there is an exceptional circumstance: for example, there are some travel insurance policies that will pay you the cost of your ski lift tickets if a resort has shut due to lack of snow.
Some travel insurance policies cover the loss of or theft of your belongings while travelling. If claiming for theft, you must file a police report about the theft and get documentation, no matter how unlikely it is that the police will take any action. The insurance company will not pay your claim without a police report.
In the cases of expensive and easily disposed of items like cameras and laptops, policies may cover only violent theft or forced entry, e.g., if if you leave your belongings in a room and they are stolen, coverage may be invalid if there was no forced entry. When considering claiming for damage, check the terms carefully: many expensive and fragile items are only covered if damaged while being carried by you. It is very common to exclude any damage done to your belongings if they travel as checked luggage: you must keep them on your person to be covered. Theft from unattended cars and other vehicles will have limited coverage, as will theft of, and particularly simple loss of, cash, money orders, travelers checks and credit cards.
Policies covering loss or theft of belongings are typically among more expensive policies, often aimed at business travelers.
Thamani Travel is able to arrange Travel Insurance locally… Contact us for more details or visit us on: http://www.thamanitravel.com