There are many possible circumstances that can occur during travel. Travel insurance policies ensure that travelers don’t take a financial loss if something unforeseen happens on or before their trip.
Types of Travel Insurance
Just as there are several types of home, auto and life insurance, there are various kinds of travel insurance policies. As with any type of insurance, it’s wise for customers to find out exactly what type of policy is appropriate for their circumstances. Travelers may be covered for one or more of the following possibilities:
Trip Cancellation -This type of policy covers people who must cancel their trip due to a reason such as illness, a death in the family or some other unexpected event. This type of policy may not cover travelers who cancel trips for less serious reasons. Airline tickets, cruises, hotel reservations and other travel packages are not always refundable beyond a certain date. This makes trip cancellation insurance a helpful safeguard in case someone cannot travel due to a serious problem.
Travel Health Insurance -Typical health insurance policies do not always cover people who are traveling to foreign countries. That’s why it’s a good idea to purchase a travel health insurance policy when traveling abroad. This type of policy is recommended not only for people taking vacations but also business travelers and students who are studying in other countries.
Travel Accident Insurance -This type of plan covers people who die or who are seriously injured while traveling. This is actually a type of life insurance policy
Trip Interruption Insurance -Whereas trip cancellation insurance applies to canceling a trip, trip interruption insurance pertains to trips already in progress. If, for example, someone become ill in the middle of a trip he or she may have to return home earlier than expected. This type of policy might also cover unexpected delays in the middle of a trip.
Comprehensive -A comprehensive travel insurance policy will usually include all of the above and possibly additional scenarios. This type of policy is recommended for travelers who want to be covered for almost any possible situation pertaining to travel.
Why Travel Insurance is Important
Insurance agents can explain the different types of policies and the situations that each covers. For many travelers, a comprehensive travel insurance policy is the safest choice. However, not everyone needs this type of policy. For example, some people have health insurance policies that cover them while they are traveling, so travel medical insurance is not necessary.
There are many possible events that can cause a trip to be canceled, delayed or cut short. Travel insurance is a way to prevent such circumstance from resulting in serious financial setbacks. People considering travel insurance should thoroughly research what type of policy is most suitable for their needs.
Trip insurance is a write and an avid reader. When he’s not writing about business, marketing, health, pets, or relationships, he’s immersed in his latest book. When Weston was little, he would have to sneak a book light into his room so he could read until the wee hours of the night.
Image from page 221 of “The industries of Saint Louis: her advantages, resources, facilities, and commercial relations as a center of trade and manufacture;” (1885)
Click here to view book online to see this illustration in context in a browseable online version of this book.
Text Appearing Before Image: anufacturers of jeans and Staple Clothing, for Men, Youths and Hoys: 519 St. Charles Street. In the history of this firm is found an illustration of the progress and success that awaitthose whose enterprise and business knowledge merit such reward. Commencing in the re-tail line, Messrs. Jos. Kaminer and Benho Prinz succeeded therein, and about nine years acobecame manufacturers and jobbers of jeans and staple clothing, which include satinets,cassimeres, and cotton and worsted goods such as are ordinarily worn by sons and daughtersof toil. The estal)lishment at 51,9 St. Charles street comprises a spacious building, four storiesand the basement being occupied by the firm. In the manufacturing, from 200 to 250 girlsare employed, . and four traveling salesmen are constantly on the road. The trade of thehouse now covers Illinois, and the North, West and South, and is constantly increasing inamount and territorial extent, and this success is fully deserved by the enterprising pro-prietors.
Text Appearing After Image: Mesker & Bro.—(See opposite page.) THE INDUSTRIES OF ST, LOUIS. 21^ F. D. HIRSCHBERG. Insurance: 120 North Third Street. Mr. F. D. Hirschberg, of 120 North Third street, is a life long resident of St. Louis,and one of the oldest insurance men in it. He has been doing business by himself forabout ten years, having now the interests of the following strong corporations to attend to:The British America Assurance Co., Toronto; I^ion Fire Insurance Co., London; ScottishUnion and National Insurance Co., Edinburgh; Louisville Underwriters, Louisville. The following figures show the extent of the business done by these companies and theirstanding. The Louisville Underwriters is a Fire and Marine Company. Its assets are8,612.82; its paid up capital, 0,000; its surplus, 9,995.24. Its Missouri businessin 1884 amounted to ,688,597 of risks written, ,974,472 being fire and 4,125 riverrisks. The British America Assurance Company, of Toronto, has deposited in the UnitedStates a
Note About Images Please note that these images are extracted from scanned page images that may have been digitally enhanced for readability – coloration and appearance of these illustrations may not perfectly resemble the original work.
Business travel insurance is designed to protect people who need to travel to do a particular job. Find out about the benefits of business travel insurance with help from a licensed health and life insurance agent in this free video clip.
Expert: Adam Bates
Bio: Adam Bates is a licensed health and life insurance agent with 13 years of experience.
Filmmaker: Anthony Miles
Series Description: Insurance can be a complicated topic, so its always important to do an adequate amount of research before locking yourself into a policy. Get tips on picking out, buying and generally understanding different types of insurance with help from a licensed health and life insurance agent in this free video series.
‘Insurance’ is a term that scares away those who know less about it and is already with the rest of them who understand know what does it means to be. There are many types of this financial security measures available in the uncertain times. Travel insurance (for family or individuals) is just one of many, needed by the people for different kinds of travelling needs in store.
Insuring the Journey- Before and After
Travelling is inspired by motives like business relationships, escaping from the mundane rote or exploring newer facets of a place (or anything for that matter) as a hobby. But, this requires a certain amount of preparation so that any untoward incident could be taken care of. Also, there could be health or accident issues due to the new locations, which could be covered under insurance (or in specific clause) for the specific purpose. Additionally, having insurance is also mandatory when border crossing is involved. This further requires an understanding of various types of insurances required while travelling.
As many people will think of leaving their hometown only if for a holiday, knowing about holiday travel insurance comes at the very first. Also, it is often deemed unlikely for families to tag along on a business tour. And if inferred to an approximation, a large number of people plan for holidays rather than the later one. A word of caution, such policies also have the coverage for extreme sports lover but beware of the selling tricks if you do not fall in that category.
Need to travel for a reason of pure financial motive can also be deterred by unseen and unexpected but very real emergencies. Facing a claim on a stranger land could be tackled with the help of the support through them. Also, when it is business we are talking about, the partners of the group along with the business equipments (like PC, gadgets, projectors, etc) are as important as family, and hence to be covered under business travel insurance.
Under many conditions you may have the reason of abandoning a travel opportunity, leaving your pocket wounded with all the travel costs going to waste. Business, backpacker or family travel insurance is a cost effective alternative to the imaginary yet painful wounds we were talking above. Just do not forget to check the terms and conditions (along with exceptions) in the policy!
Image by geishaboy500
Equipment for US Trip
Insurance and customs pictures. Also a nice record of time and equipment to look back at when we are all shooting tiny HD cameras with insane resolution sensors…….
If you have ever tried to acquire a business travel policy, you will realize that they are fairly different from the regular travel policies. Insurance companies take cognizance of the fact that travel for business purposes may involve different kinds of risks as compared to travel for pleasure. Which is why they customize the business travel policies to match the risk assessment.
In a business trip, one is likely to carry certain kinds of equipment for work related purposes. Laptops, Palmtops, printers, cell phones, additional luggage to make a few are certain kinds of equipment that one may carry while on a business trip. Since these are high value items they are at a considerable high risk of theft and damage.
While developing a business travel insurance plan there are various factors to take into account to ensure that all the possible risks are covered and assessed. Some of the elements that are considered are the time taken to travel, the destinations that the business personnel is visiting and the purpose of travel. To give an example, a journalist traveling to Afghanistan will probably be offered a business travel plan with a higher premium as compared to a sales executive traveling to Boston to make a sales pitch. Some insurance companies may offer joint insurance plans.
Before and after you have chosen a particular insurance plan make sure that you go over the booklet provided along with the insurance documents. A few minutes spent on the information may prove to be very useful if the need arises to file a claim.
This booklet contains useful data like the policy number that needs to be quoted in all communication that is made with the insurance company. Some insurance companies insist that the policyholder contact the company within a certain period of time of an incident if a claim is required. Which is why it is vital that this small book be with you all the time. Some companies have a 24 hour hotline which can be accessed in times of an emergency and if cash is required immediately. If the claim is mad on the basis of a medical situation relevant proof and documentation shall be required. Avoid sending the original bills and prescriptions and send only copies unless if is mandatory and mentioned in the policy guidelines.
Be careful also to review the document before deciding where you plan to stay since some companies stipulate that the policyholder should stay in company provided accommodation to be eligible for the claim.
Know your insurance better to be able to utilize it more efficiently and judiciously!
Image by Ed Yourdon
These pictures were taken during a trip to Rome in Jun 2008, where I presented a 2-day seminar on "Web 2.0".
I noticed this couple, sitting on the railing that separates the vehicular roadway from the pedestrian part of the Piazza del Popolo. I couldn’t tell if they were arguing, engaged in a who-blinks-first? contest, or just having a thoughtful conversation…
I can’t help wondering if this couple had any idea how many people would look at their picture (a little over 14,000 as of January 2012), and how many different bizarre blog postings — well over a hundred, at this point, from all over the world — would use the image of their conversation to illustrate their message. To see all the places where the photo has been published (at least, all of the ones that I’m aware of), see below…
Is the demand for business travel insurance increasing in the UK?
Recent reports have indicated that business travel is set to increase in 2014. In this video, we take a look at the survey as well as discuss the importance of business travel insurance.
A survey conducted by the GTMC has revealed that business travel is set to go from “strength to strength” in 2014. The survey was conducted in the final quarter of 2013 and the positive results indicate that that an increased demand for business travel will be seen in 2014.
Howard Holt, a spokesperson for the Health Insurance Group recently said…
In a globally connected world, international travel is no longer an activity preserved for only the bigger companies. Instead, companies of all sizes and industries are expanding beyond not just their locality, but beyond their country. With this worldwide commerce comes the increasing need for affordable international travel insurance for business executives.
Standard travel insurance may not be suitable for business travelers, especially if they are taking business equipment with them overseas, so the services of an independent insurance broker specialising in travel insurance and international healthcare are crucial to ensure that appropriate cover is in place.
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