Is Travel Insurance Necessary When Travelling Abroad?

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TRAVEL INSURANCE
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Is Travel Insurance Necessary When Travelling
Abroad?
Travel insurance provides an easy way to insure
against trip cancellations, trip interruptions,
emergency evacuation, accidental death and loss
or damage to baggage or personal effects.
Millions of dollars are wasted each year by
travellers who purchase unnecessary travel
insurance or travel assistance policies. Taking
care in purchasing any travel insurance or travel
assistance policies is a prerequisite although
these products may be valuable to some travellers
only in limited circumstances. Buy only the
insurance you need. Frequently, several types of
insurance are bundled together and sold as
comprehensive travel insurance. Make sure you
purchase what you need only after reviewing this
chapter and doing comparison shopping among
several travel insurance policies
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Decide on the type of travel insurance after
analyzing the type of coverage you already
possess. Specific consideration of following
facts is required. While you are travelling,
provision of liability and personal property
protection can be provided by home owner's or
rental's insurance policy. Do check the specific
limitations and exclusions of the policy even if
there is a probability of your health insurance
providing you with some coverage. Your automobile
insurance policy can also provide cover for a car
on rent which is being used by you. In some cases
your credit card can offer some protection when
you rent a car or if you want to cancel or change
your flight. You can opt for excess or secondary
coverage through many travel insurance policies.
If any other coverage can be applied to the loss
first, such as homeowner's insurance in case of
theft of your personal property, then it means
that the travel insurance will provide coverage
only for amounts which are not paid by the
primary insurance like deductibles.
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A major problem with travel insurance is that
most policies contain a number of exclusions and
travellers often don't learn about the exclusions
until they try to use the coverage. At the time
of reviewing a travel insurance policy you should
check the exclusions and definitions carefully to
determine how much protection your policy is
really offering. Since there are losses which are
not covered by any other insurance which you may
already have, therefore trip cancellation and
trip interruption insurance are probably
considered the most important types of travel
insurance. In terms of protection, trip
cancellation and trip interruption insurance are
different although you cannot deny the fact that
they are closely related. Now you can be insured
and be sure of getting your money back in case
you plan to cancel your trip, by opting for the
trip cancellation insurance before you travel.
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Trip interruption insurance helps you by
providing cover during your trip and reimbursing
certain expenses if you cut short or change your
trip. Since the exact terms of the policy may
vary but the answer to validity of trip
cancellation insurance for reimbursing you for
non-refundable and prepaid trip expenses lies in
following three things. Your travel companion
or you may have to give immediate attention to a
situation or if you are in a spot which forces
you to abandon your trip though arrangements have
been booked. Trip cancellation insurance is
applicable before your departure. After you
purchase your trip cancellation insurance, you
should make sure that you are covered by the
insurance policy when you move from your home to
your departure point. In the same manner, trip
cancellation policies expire when there is
possibility of occurrence of last time crisis. If
you purchase cancellation insurance, make sure
you are covered during the entire period of time
before your departure. Source
http//ezinearticles.com/?Is-Travel-Insurance-Nece
ssary-When-Travelling-Abroad?id5980005
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