Monday, March 7, 2011

Travel Insurance Is There Any Disadvantage In Insuring In It

Travel insurance is used to cover many problems which you face while traveling abroad.  Usually every individual would face problems like ticket cancellation, delayed flight, missing flight due to baggage clearance; travel insurance is the only solution for these problems. Generally travel insurance cover variety of situations like medical problems, lost of baggage and travel cancellation. Travel insurance can be taken through the travel agency or even you can directly get from insurance companies. The compare travel insurance is taken at the time of your travel and it can be extended as policy holder's wish.
Travel Insurance and Its Coverage:
Travel insurance covers your travelling ticket amount, lost luggage during your trip while you travel and cancellation of the ticket. Travel insurance premium amount is subject to vary according to your distance of travel, risks to be faced during the travel and even the properties which you carry during the travel. The cost of this insurance may vary depending upon the trip or even the insurance policy that is chosen by the insurer.  Travel insurance policy can be taken when you travel or even if you planned for the travel. This policy can be taken along with their travel ticket or can be taken as a separate policy.

False Belief of the Travel Insurance Holders:
Travel insurance policy holders may believe that they can cancel their trip at any time without any specific reason. Many believe that travel insurance policy will help in any situations like immigration clearance, visa clearance, but this this not the true case in travel insurance policy. Several individuals may think with the help of the trip  cancellation policy it is possible for them to cancel the trip at the last moment without any proper reasons and some may think if they take travel insurance that will protect for all the positions.  Other may think that travel insurance policy is a waste of money. There are some people believe that taking travel insurance is a waste of money to them. Travel insurance is essentially needed even though if you are having personal insurance because personal insurance wont cover you in foreign countries.  Travel insurance become mandatory when you travel abroad. The travel insurance is more essential at the period of the foreign tour.

Merits in Travel insurance Advantages In Travel Insurance:
Travel insurance is very much used in medical emergency assistance and personal liability coverage. Main advantage of travel insurance is it covers the emergency medical aid and personal liability. Expensive electronic goods and business documents can be covered exclusively by the business travel insurance. Business people would carry their expensive electronic gadgets and important documents regarding their business, travel insurance have exclusive policy for protecting your electronic goods and business documents. Deductions are offered for the business individuals in business travel insurance policy, who goes frequently to foreign nations. Business travel policy provide many discounts for business people who often fly abroad.
Types of Travel Insurance Policy:
1. Single trip travel insurance
2. Annual or Multi Trip travel insurance.
People who travel abroad infrequently or sporadically can use single trip travel insurance policy. Single trip policy is used by all the travelers who travel once or twice a year.
Single trip is widely used by all tourists who travel once a year. This policy is for general people who travel aboard rarely or irregularly.
Business people, who fly abroad frequently, can use this annual trip policy. Multiple trip policy offers many discounts as they travel frequently. Annual trip policy is used for business people who travel twice or thrice a year. This policy provides multiple discounts and has flexibility during the travel.

No comments:

Post a Comment