These days travel insurance is becoming the utmost popular sector in the insurance business. With more and more people going for insurances before they plan a vacation. But still as this is a new trend only few are fully aware about it and its loop holes, like for instance a man came up to me and claimed his travel insurance for not being treated well at the hotel, well this is from where the misconceptions arise. A person needs a travel insurance definately when he goes on a trip and one should always buy it in advance that is before going on your vacation. No Matter wherever you are going.
There are many kinds and types of Travel Insurances available these days, to start with is the mostly used trip Cancelation Coverage, under this policy things which are usually covered are the cancellations due to weather, sudden illness or death jury duty, emergency military duty, and bankruptcy of airline or cruise line prior to departure. Other insurances which comes under the Travell Insurance are:
Single Trip Travel Insurance – It covers your singletrip only.
Annual Travel Insurance – This insurance policy is beneficial for the frequent travellers. It is specifically for those who travel for more than one time in a year. people opting for Annual Travel Insurance can obtain benefit in terms of great discounts for Business cover, Winter Holidaying, and different sports included in many packages.
Long Stay Travel Insurance – Under this Insurance Policy the traveller gets covered for a 3 months to 18 months time period depending on the trip duration.
Medical Travel Insurance – Well this is the most important and necessary Insutrance policy which every traveller must go for. As it covers the health related problems that occur during a trip. the person just have to get checked for any health ailments before the trip. this policy does not covers any preexisting aimlments only the ones which occured during the travelling.
Group Travel Insurance – It’s always fun when you travell with your family and friends, but one should also be woried about there well being onthe trip therefore this insurance helps to insure all the members of your group without any extra paperwork as all get insured at one time without any trouble.
Business Travel Insurance – This is for those companies whose employees need to travel alot. this helps you as an employee and employer too as nether of the two have to bear any loss if some misshapp happens while travelling. one must dedfinately include this policy in there annual travel Insurance policy. by doing this you can avail some great discount and schemes according to different packages.
Well these are the reasons one should take travel insurance as if neglected you can loose upto thousands of dollars.