Having a travel insurance policy is one important element that you would not have heard about in travel arrangements for many years. A lot of travel agents feared that they would get resistance from their customers or even end up losing the whole travel deals altogether. This is because travel insurance was for a long time seen as a negative package.
But things have now changed and many passengers have come to realize the value of having a good travel insurance policy before commencing on their journeys. Nobody wants to imagine having their trips ruined and getting out of options away from home because of mistakes they could have avoided. Travel insurance and more specifically the right package for your travel will save you or your family from a lot of unnecessary worry.
You don’t want to imagine that you have lost your wallet or travel documents and apparently you need them replaced and then there is nothing you can do about it. Even worse is when such a need arises when you’re miles away from home. Or you are suddenly taken ill and you need to cancel your trip. Things do happen, sometimes so fast that you may just get to learn that your air line or cruise line has just been declared bankrupt and you have no way to cater for your refunds or getting to your destination.
There are so many things that may happen to you or the members of your family in a foreign land. These may include incidences such as a medical emergency or terrorist attacks in your intended city of destination. That’s why having the right travel insurance policy for your trip or for a member of your family is not an option.
Once you have made up your mind to buy travel insurance, you may want to consider whether you need an annual or single travel insurance policy. But this would have to depend on how many trips you intend to make in a year.
If you see yourself making several trips annually, then you definitely need to buy an annual travel insurance also known as multi trip travel insurance policy. You are also likely to make savings by buying annual travel insurance in comparison to what you would spend if you paid for your travel insurance policy every other time you were to travel.
There are several categories of travel insurance packages and it’s always recommended that you buy a policy that insures you against multiple risks. The common types of travel insurance coverage include trip, cruise and flight cancellation, medical expense, medical evacuation or repatriation and flight death benefits or fulfill Visa requirement.
Then there is a comprehensive package of travel insurance which many people prefer, essentially due to its versatility in risk coverage.
There’s yet another travel insurance policy that many travelers have not known about and despite being accessible to every traveler, the airliners are reluctant to disclose it to you. This is known as excess valuation insurance.
You should persist with the counter agent at the airport for your excess valuation travel insurance option that ideally provides up to $5000 more to your coverage at the rate of approximately $1 per $100 in terms of value. The operators may want to have you disclose the contents of your bags before processing your excess valuation travel insurance and it’s worthy it considering what you would lose if your bags got lost.