When you are making plans for acquiring travel insurance, you have to be very precise with regards to the provisions that are inclusive in the policy and the conditions that are excluded by the insurance provider. Although a full coverage sometimes can be the best and practical option for most coverage, you can actually choose the items covered which you want to be included in your policy if you want to have a cheaper travel insurance premium.
Travel insurance is one of the key things you should never forget whenever you plan for a holiday trip outside the country or an inside the country vacation. It is one of the essential things needed if you want to be covered in medical and other financial expenses you may incur during your travel.
A multi trip insurance coverage is more often referred to as annual travel insurance policy and having it can significantly save you money in the process. Sometimes, a cheap policy does not necessarily mean that it doesn t have excellent coverage. You only have to have to determine the type of coverage you think you may need and this can significantly lighten the premiums you have to pay on your provider.
Most of the time, travel agents offer insurance as part of their travel packages, but considering some important facts in procuring travel insurance, it is more practical to do it on your own than have your travel agent include it in your travel package if you want to have a more comprehensive and better travel insurance coverage worth the money you paid.
There are several travel insurance coverages you can choose from, depending on the frequency of traveling you do annually, and you can choose to either opt for a single trip or multi trip travel insurance coverage. If your travel plan only includes one trip outside or within the country, you can choose the single trip travel insurance policy, but if you are planning to take several trips within the year, it is more practical as it is cheap obtaining multi trip insurance than having single trip insurance every time you travel. This can also save you time from repetitive insurance application every time you are having a trip.
Typical services offered by travel insurance providers are, emergency repatriation and/or evacuation, medical expenses incurred while traveling, personal accident cover, travel cancellation and restriction, delay, theft, loss or damage of properties while on the trip, like personal baggage, coverage for missed connection for those taking connecting flights, and personal liability coverage.
What If You Forget to Buy Travel Insurance?
For many people, acquiring travel insurance is not on their list of things-to-do when making their travel preparations. What most travelers do not realize is that there are many events that can happen on a vacation that can result in serious financial loss. Before traveling abroad, it is important to consider the reasons why you should not forget to buy travel insurance:
Personal Injury: When planning to travel in another country, you should think about what would happen if you were in accident and needed medical treatment. Depending on the severity of the injury, medical costs could run from hundreds to thousands of dollars. Buying travel insurance before your trip will ensure that if you need medical treatment, your costs will be covered. Personal accident coverage can also cover you in the event of death or if you are permanently disabled. Some policies will pay your legal costs if you decide to sue a third party for damages as a result of personal injury or death.
Unexpected Cancellation: After booking and paying for a trip, many people do not think about the money they will lose if they had to suddenly cancel. This could be due to an illness or death in your family, jury service, fire, or flood or storm damage to your home or business. The financial loss could be enormous. Travel insurance will cover your costs if you have to cancel your trip.
Missed Departure: On the way to the airport, most people do not consider how much money they would lose if they missed their flight. This could be the result of weather conditions, vehicle breaking down, etc. With travel insurance, you will be covered in the event of a missed flight. You may also receive a lump sum if there is a valid reason why your departure was delayed or you missed your flight.
Lost or Delayed Luggage: When traveling by plane, many people have had their luggage either delayed or lost. Replacing clothes and incidentals can be quite costly. Travel Insurance will cover lost luggage items. If delayed, the policy will cover the purchase of necessities that you require while waiting for your luggage to arrive.
Cause Injury to another Person: If you have rented a car while traveling abroad and crash into another car, and are found at fault, you may be responsible for paying for another person's medical costs. Personal liability insurance will cover you for another person's loss. Some policies will pay for the cost of an attorney if you are sued.
Lost Belongings and Theft: When you are traveling abroad, you should consider what you would do if you lost your belongings or had them stolen. Losing you cash, credit cards, and other forms of payment could leave you in a frightening situation. Traveler's insurance will cover you if you lost or had your means of payment stolen. If you take expensive items such as jewelry and cameras on your trip, you run the risk of having the items stolen. Travelers insurance will cover you in the event of a theft of an item. Most policies impose a limit of coverage on any one item. You should consider adding 'all risks' coverage to your valuables. As well, make sure that you become familiar with any stipulations in your travel policy regarding the loss of an item. If you left a camera at a public place such as a park, you may not be covered
Traveling abroad can be an exciting and fun adventure. When making your traveling preparations, you want to make sure that your plans will result in a relaxing and enjoyable trip. Purchasing travelers insurance will give you peace of mind knowing that you are protected.
17 Ways to Save Money on Transportation When You Are on Vacation
There are a number of ways to save on transport when you are on vacation.
1. Save money on tickets
You can save a lot of money on airline tickets if you're flexible with your travel dates. A day or two earlier or later can make a huge difference in the cost. Tuesdays through Thursdays are usually the cheapest days to travel by air.
2. Consider alternate airports
Sometimes, flying into a different airport can save hundreds of dollars per ticket per flight. Larger cities typically have multiple airports.
3. Consider travel to and from the airport as well
Try to save money getting to and from the airport. If you take your car, you will need to pay for parking at the long-term car park. There might be cheap transportation to and from the airport, but it might be cheaper and less hassle to take your car if you have a lot of people and/or a lot of luggage.
4. Don’t overpack
Airlines can charge a small fortune these days for checked baggage. Pack each carry on for each family member carefully for maximum usefulness in the minimum amount of space.
5. Watch out for fuel surcharges and airport taxes
These should usually be included in the price of the ticket, but if you are booking online, that "cheap fare" might actually end up giving you sticker shock.
6. Book packages if possible
A flight, hotel and car rental for one inclusive price can be a good deal.
7. Collect air miles
Air miles can all add up to a big savings on your next vacation as long as there are no high fees for booking. Charges will usually be highest for last-minute travel, such as less than two weeks prior to departure.
8. Go in the off season
Avoid flying at the height of the holiday and summer. Try spring and fall getaways instead.
Going by Car
9. Make sure you have the car serviced before you go
You don’t want to end up with breakdowns and/or any costly repairs on the road.
10. Check the tires, especially in warm and cold weather
The state of the tires can have a significant impact on fuel mileage.
11. Look for good gas prices
If you have more than one option, shop around.
12. Pay cash for your gas
This can save you around 10 cents a gallon because so many gas stations these days are passing along the credit card company charges to the customer.
13. Go all-inclusive
Consider an all-inclusive coach holiday, especially if you are not fond of driving. They can be very cost-effective and offer sightseeing to top locations.
14. Bus passes
These are popular in Europe and other locations where people like to see the sights by bus. You could get a pass offering unlimited travel for 7 days, for example. Compare the price of the pass with the individual prices of the tickets between all the destinations you want to visit.
15. Train passes
As with bus passes, these can be a really cheap way to see Europe and the rest of the world. Note that some train systems will have first, second and perhaps even third-class options. The latter should be the cheapest, and reasonably clean and comfortable in most cases.
16. Book a cheap cruise
A cruise is your transportation and hotel all rolled into one. All you have to do is unpack once and relax. Before booking, check out each destination carefully to make sure there will be enough to do. Some will stop at interesting destinations, while others will spend most of their time off the shore of their own company-owned island for people to do water sports and other activities.
Look for last-minute deals and packages if you don’t live at a cruise shop port of call and have to fly to get to your ship.
Planes, Buses and Trains
17. Consider group travel
Traveling with a group, usually 4 to 10 people, can really cut down on expenses. Larger groups can get the best rates if they plan ahead.