Annual Travel Insurance Policies – The Best Choice For Frequent Traveler

Usually you purchase travel insurance only for the vacation package you are going to purchase at that time. When it comes to purchase an insurance for your home or auto, however, you purchase the insurance year-around. That’s because you need constant insurance cover. But if you’re a frequent traveler what is the best advice? Wouldn’t it be more costly to purchase a travel insurance policy every time you book a trip instead of purchasing year round cover just like your automobile or home? Of course, it would and for this reason almost any insurance company provides annual travel insurance policies.

It doesn’t matter if you are traveling for pleasure or business, you must have travel insurance in the event anything goes wrong. Frequent traveler shouldn’t purchase it every time they leave, it is wise to ask the current home or automobile insurance company if there are annual policies available.

Annual insurance plans are typically based on a maximum trip length one month and covers you for the whole year. It doesn’t matter how many times you travel during the year. The rate you have to pay is depending on individual situations and travel insurance cover taken. However, best of all is that if you can get your policy from your actual insurer, you are able to apply it to your actual account. It is even possible to have it debited at once from your account so that you are in a position to traveling with the peacefulness of knowing that you are permanently covert against losses caused by trip interruption and cancellation, medical expenses, baggage, trip and baggage delay.

First, you should get on the phone and call for your representative that manages your policy, if your actual car or home insurance company offers annual travel insurance plans. But have in mind, it is not advisable to go with the first bid you’ll get. Call around to as many insurers as you can do and ask for annual insurance quote.

While it would be really comfortable to have all of your policies with one insurance company and all on one account, you don’t like to spend more money than you have to. Whenever you find another company that provides annual insurance plans for a price cheaper than your actual insurer, you shouldn’t change just yet. Speak with your current insurance company. Chances are all of the time, they wouldn’t like to lose your business so they may lower their policy pricing to fit their competition that you are threatening to change to.

The point is to feel safe in case anything bad happens on business travels or on your vacation. Frequent traveler should opt for annual travel insurance so that they know they’ll be covered no matter what happens when traveling.

Don’t Risk It, Get the Protection and Security You Need With Travel Insurance

Let’s face it, getting travel insurance can be a very overwhelming and tedious process, making it easy to put off and even forget entirely. But before you head off on your international adventure, you might want to consider getting coverage through some travel insurance, just to be on the safe side.

With some luck, you’ll be glad it’s something you have and won’t need to use. But we all know that in life things happen, so it’s a good idea to find a travel insurance policy that fits your individual needs, travel agenda, and budget. Many travel agents and private companies offer travel insurance, and they have a wide variety of types and options to choice from.

What does Travel Insurance cover?

Basic coverage of travel insurance includes some financial losses while traveling, as well as limited medical expenses, including medical evacuation. The most common type of travel insurance is trip cancellation or trip delay insurance. This type of policy covers you and your travel companions in case you need to cancel, interrupt or delay your trip. However, the acceptable reasons for canceling or interrupting your trip will depend on the insurance policy, but most likely you’ll be covered for the following reasons:

o Sudden business conflicts
o Change of mind
o Delay in processing your visa or passport
o Illness or injury
o Weather related issues

In case your flight is canceled or delayed, travel insurance companies may provide additional coverage such as expenses that the airlines won’t cover, like taxi fares to the hotel or meals during your wait at the airport.

It’s also a good idea to have a plan with medical coverage of up to $1,000,000 in the case you become ill, need medical assistance, or have a flight accident occur. It’s also good to review the amount deductible by your insurance plan (this is the amount you’ll need to come up with before the insurance company picks of the rest). Make sure it covers repatriation (evacuation to your home country, rather than the nearest regional medical facility); make sure that does not mean you will be sent to the country where you purchased your travel insurance plan either, but your home country. If you’re planning a visit to multiple countries, make sure all the countries are included in the region covered by your insurance policy.

To learn more about these types of coverage and more specialized coverage, read The Basics of Travel Insurance.

To invest or not? How to make travel insurance work for me.

Purchasing travel insurance is great for insuring your money, should any unforeseen events pop-up, especially if you invest large sums of money on extravagant travel packages. To determine whether you want to invest in travel insurance your not, ask yourself these questions:

o Did you invest a lot of money into your travel plans?
o Are you traveling overseas?
o Which regions or countries are you visiting and for how long?
o Are you planning on participating in any extreme sports?
o Can you afford the cost of your trip back home if any emergency arises?
o Will you be able to afford medical care if you or someone you are with gets sick and needs immediate medical attention?
o How old are you and how is your overall health?
o Do you have any pre-existing conditions that need regular, special attention?

You can purchase your travel insurance for a single trip, multi-trip, or with an annual policy, all depending on how frequently you travel and the length of your trip. Comprehensive travel insurance can cost anywhere from 4% to 8% of the cost of your trip, depending on type of coverage, the length of the trip, the destination, and the age of the travelers. It is best to purchase your travel insurance between 7 to 21 days of purchasing your travel itinerary. Usually the maximum coverage period for insurance providers is for one year abroad.

Go through the fine print on your policy and check whether you will have to pay on the spot and redeem the money later for any medical expenses, or will the insurance company pay providers directly. If you have to claim it later on, you will want to hang on to all documents.

If you have a pre-existing medical condition, get an insurance policy that will specifically cover it. Also examine which adventure sports and activities the plan does and does not cover (rarely does it include scuba diving and hang gliding). Lastly, for your benefit, a policy that is flexible and can be extended while you’re already away is recommended. You never know whom you’ll meet, and you just might want to extend your trip.

Another good tip would be to get in touch with your credit card issuer before investing in travel insurance. At http://www.creditcards.com/, a credit card information site, suggests calling your credit card issuer to see if you have any free travel benefits that you may not be aware of, for example, insurance on lost or damaged luggage. However, according to USTIA, canceling a trip at the last minute and being reimbursed by your credit card company is the most common misconceptions among travelers. And sometimes credit card companies have limitations on only cover up to 3 months of travel. It’s worth investigating.

Lastly, if you have existing health coverage, it would be wise to get in touch with them before hand, especially if you will need vaccinations and other medicine for your trip. Depending on your health insurance plan, ask for a ‘travel packet’ and they will send you important information regarding your coverage, if any, while abroad. It might turn out you might already be covered for somethings, but not for others.

Where can I purchase Travel Insurance?

There are many sites and companies offering travel insurance online. Among them are leading companies such as World Nomads, Travel Guard, and InsureMyTrip, just to name a few. A new online resource called Squaremouth, helps travelers easily and instantly compare all the major travel insurance plans at one site. You’ll be able to get immediate quotes from several major, reputable travel insurance providers and compare policies and their prices. It’s a good starting point and one that you can trust.

Helpful Tips for once you’ve purchased your Travel Insurance:

o Scan your insurance policy electronically and save it somewhere securely online
o Make one copy for yourself to bring on your trip
o Make another copy for a trusted family member to keep at home
o Have the emergency hotline number accessible during your trip, but make sure you try it out before leaving home to ensure its operating and correct
o List out any medications you are taking (including vaccinations for your trip), and a list of allergies you have; keep this with your insurance emergency number
o Keep all receipts at home
o Review all the fine print in your insurance policy and determine which adventures you will be taking and which risks might not be worth it

Finally, get ready for a trip of a lifetime! Hopefully you’ll avoid ever using your insurance plan, but it will give you and your loved ones more security knowing you’re protected.

Unravelling the Mysteries of Travel Insurance

Travel insurance can be a fantastic investment when you’re exploring the world, but you should invest time into obtaining the right coverage without spending over the odds. The range of policies available varies, and travelling without one is a risk. Prior to purchasing travel insurance, carefully think over your options.

How It Works:

Travel insurance cover could be purchased for several reasons. Each policy has a specific plan or cover in place, which may mean you need to take on several policies to get the full cover you need. On the other hand, this is beneficial because it can help you get only the type of coverage you want and need rather than having too much.

Be careful when selecting travel insurance. You need to get the type of coverage right for your specific trip. In order to select the right type and amount of travel insurance, take some time to consider the options available to you. There are various levels and also various kinds of policies available to you. Choose a policy that covers you where you are going.

For example, if you are going overseas, the policy must provide protection in that country. Tailor the type of policy you selected based on the needs in that area, too. For example, a trip to San Francisco may give you plenty of health care options, but medical costs in the United States are very high. Should you need to seek out medical care, you will either need to pay in cash or you will need to have a travel insurance that is suitable.

Also, depending on the way you travel, choose the right insurance for you. For example, if you are travelling with a lot of baggage or expensive personal items, you may need to consider more travel insurance than if you were carrying only a small bag. Find a policy that covers the types of activities you plan to do. For some, hiring a car will be necessary which means having insurance to protect you from problems with that car.

It is also important to consider travel insurance that will help pay you back when a trip is not longer possible. For example, you have booked and prepaid expenses at your accommodations, for fare and for tours.

Then, you find out that there is a cancellation needed, but these items may not be refundable. Having cancellation cover can be quite helpful because it will kick in and pay for your costs so you are not out a considerable amount of money.

Don’t Settle:

You may find a travel insurance company available rather quickly to provide you with the insurance you need. The issue, though, can be that the travel cover is not likely to be the most competitive rate available.

One of the biggest mistakes you can make when getting travel insurance is not shopping around. Talk to several insurance providers to find out what they can offer you and which policies are best suited for the type of travel you will be doing. On some websites, you may be able to find an online calculator to help you get a good idea what the costs are.

What Do Policies Cover?

Each travel insurance policy covers something different, so you do have to read the fine print. There are several kinds of insurance available to you, which include:

* Travel insurance for medical and dental needs
* Personal liability insurance
* Rental car excess cover
* Delay cover (if you are facing a delay and need to rent a room, this policy may help cover the cost)
* Legal costs
* Cancellation cover
* Baggage cover
* Loss of income
* Domestic pet cover
* Hijacking cover
* Total permanent disability cover
* Accidental death cover
* Domestic services

There are even some very specific policies for such things as golf equipment and skiing protection. In any case, you need to consider the number of risks you face by going on this trip and then choose the right type of insurance cover for you.

With travel insurance, you do need to be careful and not over buy. Having medical cover is a must for many people, and cancellation insurance can be beneficial whenever there is a reason to believe your trip may be cancelled.

If you are unsure about which type or how much travel insurance you need to have you should work with your insurance provider to get just the right amount. Since you can shop for travel insurance online, it only takes a few minutes to get an idea of the cost for the service. Many policies are not costly due to low risk, for a majority of people. Before choosing an option, carefully consider everything available.