Wednesday, May 12, 2010

Travel Insurance: Different Plans For Different Purpose

Insurance is considered a burden by many, but only until they get a chance to take advantage of it. It pays back multiple times and the ones who have experienced the agony through a crisis know it best! As people have begun appreciating the importance of investing in insurance plans, you now have insurance for every purpose, be it your health or your pet!
If you are trying to get yourself travel insurance, you must first know that there are different kinds of plans offered. One way to make the insurance plans work for you is by choosing the right ones. This way, you get to minimize the premium amount, but make the maximum use of it. This article will take you through some of the insurance plans that are favored during travel.
Single Trip Insurance
You may not be a frequent traveler. It may be a one off instance where you and your entire family are planning to take a vacation and you are considering getting insured before you start. This is a wise thing to do since we may not know what emergency situation pops up during the travel, but you will have the confidence that the insurance amount will back you up when needed.
Annual Insurance
Annual travel insurance plans are well suited for those who have to constantly travel as part of their job. Or you may even be one of those who believe in taking regular holidays with your family. Make plans for travel as frequently as you please as you will have the constant support of the insurance plan you have invested in.
Business Travel Insurance
When you are running your own business, you feel responsible towards your employees too. You will have to let them know you care about their health and welfare and what better way to do this than the business travel insurances that your employees can take advantage of!
Group Insurance
Planning to travel as a group? If your whole group is considering investing in insurance, it sure calls for a lot of paperwork! Fortunately, there is an easier alternative for you. You can opt for insurance as a group which will reduce the amount of paperwork to be done. This will also help you save a lot of time.
Insurance for a Long Stay
You are planning to visit another country, but not for a brief visit. If you intend to stay there for a couple of months, you will have to look out for worldwide travel insurance policies that give you the cover for longer periods. There are specific policies that have been tailored for this purpose designed so they fetch you maximum benefits.
If you want your money to work wonders for you, make sure you invest it in the right policy. Take time to clarify if the cover is extended to all the aspects you expect of your policy and then proceed to the final step. 

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To get all updates on the latest travel insurance plans and solutions to your worldwide travel insurance needs, make use of the website

Wednesday, May 5, 2010

Guide to Purchasing Visitor's Insurance

So you have understood the basics of why travel insurance makes so much sense when undertaking a foreign trip but you aren't sure about buying a travel insurance package? For starters, don't be too hard on yourself since you aren't the only one facing this predicament. The field of international visitor's insurance is a relatively recent, insurance trend and most consumers are just beginning to understand the dynamics of travel insurance products. By browsing through the following tips and understanding the overview of various travel insurance constituents, you would be able to make a more informed decision when evaluating various insurance packages.
Basics of Travel Insurance Plans Please understand that every kind of visitors insurance plan is essentially a medical insurance product. This means that the main onus on such insurance plans is to provide financial coverage for injuries, illnesses and accidents suffered when traveling overseas. Thus, when you are comparing various, visitor's insurance packages, your main consideration should be the kind of coverage that is being provided for the healthcare costs. In this regard, you should seek a plan that covers most of the common ailments along with a long list of diseases and hospital procedures. It has been noticed that the usual, visitor's insurance plans peddled by the travel agents aren't the best ones in terms of providing extensive coverage.
These are often called plans with scheduled benefits. Here, a much smaller list of conditions are put forth that are eligible for medical insurance coverage. These plans are ideally suited for customers who are seeking travel insurance purely for precautionary purposes and really don't bother about the degree of risk associated with traveling in a foreign, unknown travel destination. However, there are Visitors insurance plans that are very comprehensive and include nearly every kind of medical treatment. These plans might cost a few dollars more than the ones with scheduled benefits, but they provide the comfort of knowing that nearly every kind of medical expense would be covered by the insurance provider. These comprehensive, medical insurance travel plans are also called Global Health Insurance packages.
Comparing Costs of Travel Insurance Products The basics of the travel insurance niche say that the packages with a broader coverage feature are always slightly, more expensive than the token, travel insurance plans. However, this should not be interpreted as travel insurance being overpriced. Please understand that the healthcare costs in nations like the US or other European nations are very high. The simplest of procedures that require a few hours of inpatient services can put forth a bill running into astronomical sums of money.
Further, medical procedures here are accompanied by a long list of diagnostics tests and accompanying, micro-procedures to ensure that cases of medical negligence are negated. Hence, the token, supposedly 'cheaper' travel insurance plans can only cover a partial amount of the medical bills that are furnished in most of the important, travel destinations.
Yes, you should compare visitor medical insurance plans upon the basis of their costs but this should be after confirming that each of the chosen plans offer broader, more comprehensive and a bigger range of insurance coverage.
When calculating costs of visitor's insurance products, the following entities need to be understood:

1. Out-of-pocket expenses
Out-of-pocket expenses refer to the costs borne by the insured. This can be understood as the cost of the visitor's insurance plan. The total cost is beyond the perspective of the premium amount. This also includes copayments and deductibles. The co-amount is a fixed, token amount of money that the insured agrees to pay to the attending medical staff, every time he seeks medical services. Deductibles are initial payments that should be done by the insured to kickstart the insurance coverage. Deductibles can be paid in a lump-sum form also. Those who have undertaken multi-year visitor's insurance can make their deductible payments every year also. Again, most insurance providers extend a range of options regarding the payment mode. Premiums can be paid in the form of a single payment for the entire year or for a single trip or in the form of monthly installments, when seeking an annual, Visitors Insurance Plan.

2. Differential costing according to choice of plan
The more accomplished of visitor travel insurance providers have started offering a range of travel insurance plans to address the varying insurance needs of different overseas travelers. Here, there are two major types of products:

Single-trip Visitors Insurance-these are smaller, more compactly-retailed travel insurance plans that offer the convenience of seeking insurance for just one, scheduled trip. These plans are ideally suited for vacationers or the occasional travelers. Generally, most of the single-trip plans aren't the most cost-effective plans since they span across a rather short duration. However, such plans do offer a vast range of coverage benefits, comparable with the more comprehensive plans.

Multi-trip Visitors Insurance-these plans are ideally suited for the more recurrent fliers or serial foreign travelers. Since the idea is to provide a packaged products that covers the travel insurance needs for the entire year, this is a slightly better priced and more customizable product. The insured is given more options to vary the components of his insurance plan and the costs seem to be more reasonable since the insurance provider realizes that the customer would seek his services for at least a year.

About the Author

Overseas travelers wanting to buy visitor insurance should spend a few minutes on the internet tocompare visitor medical insurance plans offered by different insurance providers.

Thursday, April 29, 2010

Travel Insurance Requirements for the Sick

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Yes, travel insurance is also a form of medical insurance. Just like other insurance documents, the travel insurance policy literature too has many clauses that should be clearly understood before purchasing an advertised plan. In this regard, the fine print of the insurance documents is particularly critical for those who are vulnerable to falling sick or those who have been diagnosed with diseases or those with a recurring medical problem. Please understand that most of the travel insurance documents carry two kind of categories under which all medical conditions are listed. These are called Pre-existing conditions and list of Exclusions.
Understanding Pre-existing Conditions Nearly every kind of visitor travel insurance document consists of a clause that clear states that medical care sought for medical conditions that existed at the time of signing the medical insurance contract or disease that the insured was already suffering from will not be covered. This clause essentially refers to the fact that if the insured has a history of diseases and the same needs medical care when traveling overseas, the resulting costs are outside the realm of travel insurance benefits. If due to any pre-existing condition, the insured develops a new set of symptoms or his condition gets medically complicated in any way, even then the insurance provider is not bound to pay for the medical bills.
Thus, if you have a history of lower, lumbar pain in your back and upon reaching the foreign destination the pain radiates to your upper leg area, the medical services employed due to such symptoms will not be covered. If you feel that any of the existing medical problems that you are suffering from may precipitate into a bigger problem when traveling abroad, it is advised that you share it with your insurance provider. Most of the insurance providers try their best to ensure that at least some of your current medical conditions are somehow adjusted into the coverage. If not the entire amount, the effort is to ensure that you gain some percentage of the coverage in form of medical insurance for these conditions.
Understanding Exclusions Apart from pre-existing conditions, there are certain diseases that are listed as Exclusions. Here, visitors health insurance contract simply says that it will not offer coverage for any medical bills incurred due to seeking treatment for the listed diseases. Most of these diseases are life-threatening diseases or those like cancer that are known to have very expensive treatment methods. Most of the travel insurance providers don't offer financial coverage for such conditions. However, there are no rules against trying to seek coverage for the same. This means that as a customer you can try your best to request your travel insurance provider to offer some sort of coverage for an excluded medical condition. Usually, such requests are considered for slightly higher premium charges.
Understanding Medical Evacuations The more comprehensive travel insurance packages or international health insurance plans offer a very significant form of medical insurance coverage that is referred to as medical evacuation insurance or emergency medical evacuation.
This insurance covers the expenses that are borne when an untreatable, life-threatening medical condition develops midway, during the journey. Please understand that these are considered niche medical insurance services and can be provided by established, globally-renowned travel insurance providers only. This is because such evacuations often include employing the services of air-ambulances and requesting stoppages of international flights. However, as explained earlier, if the cause for the medical evacuation is an excluded or pre-existing condition, your insurance provider has the right to refuse insurance coverage for the resulting expenses. Medical evacuation services are very expensive and none of the other travel insurance resources like credit card insurance or employer insurance or your personal medical insurance policy is entitled to provide coverage for it.

About the Author

People who plan to buy visitor travel insurance should consider the more comprehensive and globally-respected travel insurance products that are retailed as overseas travel health insurance packages. Details for such plans are listed at resources like

Friday, April 23, 2010

Understand Travel Insurance Options

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For many of us traveling overseas is an occasional event. Most of us tend to travel abroad as a part of vacationing or visiting someone, settled abroad. However, for many folks, traveling to an overseas destination is routine, i.e. they need to travel internationally as a part of their employment profile or their personal, business requirements. This means that the more recurrent travelers are also more prone to the vagaries of international traveling.
In fact, this is a matter of probability. This means that those who use international cruising or air-travel routes more often are more vulnerable to the risks associated with international traveling. As a result, various issues like loss of baggage at the airport or medical emergency or unannounced changes in travel plans are likely to happen more often for regular travelers. This aspect points towards one very important requirement for regular overseas traveler-they need to have a very comprehensive and affordable form of travel insurance.
Why multi-trip insurance plans make sense? Such folks should not use the more regular kind of visitor health insurance packages. Most of these travel insurance plans are essentially single-trip plans. This means that after the return-journey date, the policy expires, automatically. Yes, there are some visitor's insurance plans that provide the convenience of re-activation of a travel insurance package for a small, renewal fee. However, even if such features are considered, most of the conventional travel insurance plans don't make sense for regular, global travelers.
For starters, buying a visitor health insurance plan before every scheduled trip can be very demanding. Secondly, even if the insurance provider extends the luxury of renewability, the renewal fee itself is an added expenditure.
The more prudent solution lies in buying a Multi-trip travel insurance plan. These plans are fundamentally similar to any other travel insurance package but they offer greater ease-of-use and more savings.
Understanding Multi-trip Medical Insurance Plans Most of the multi-trip insurance plans are sold as annual plans. After paying the premium amount, the insured are covered for the entire year. Their travel insurance coverage protects them without the need to pay renewal fees or request re-activation of their visitor's insurance contract. Within the realm of annual multi-trip insurance plans, two kinds of products are usually offered.
Firstly, plans that allow unlimited trips during the year. Secondly, visitor's insurance plans that issue certain limitations such as the maximum number of trips during the entire year or with a fixed number of trips divided along a monthly schedule. Either of these plans should be evaluated by a customer after thoroughly calculating his traveling requirements.
Multi-trip Insurance Means Greater Savings If people compare visitor insurance with multi-trip insurance features, they will realize that such plan offers substantial savings. This is because most of these travel insurance policies are sold as annual packages, offering various, bundled features. Here, the customer is offered greater number of options to customize his insurance plan. This means that the customer can demand insurance coverage for a medical condition that might have been listed in the list of 'Excluded' conditions in the policy document. The customer can also ask for more comprehensive travel insurance features such as: 1. Medical evacuation or emergency evacuation 2. Repatriation of bodily remains
Please understand that such features are not provided in the conventional insurance plans. They are usually extended at slightly higher premium amounts. However, in multi-trip insurance plans, such features are added as a part of the bundled product. The entire idea is to make the medical insurance coverage so widespread and all-inclusive that the customer doesn't feel the need to re-negotiate his insurance or approach the insurance provider for any possible reason.
In fact, some of the insurance providers have started offering medical insurance for activities that are traditionally not covered under most travel insurance packages, i.e. in multi-trip insurance packages. This includes coverage for risky activities like deep-sea diving or bungee jumping.
Though travel medical insurance is essentially a short term insurance, substantial savings can be made if an individual is ready to assess his traveling and healthcare needs and choose the most appropriate plan.

About the Author

Recurrent travelers or business travelers should ask for multi-trip insurance features when they are about tobuy visitor travel insurance. Multi-trip insurance is perhaps among the wisest and most pocket-friendly ofvisitors travel medical insurance plans for regular travelers.

Sunday, April 18, 2010

Worldwide Travel Insurance: 4 Reasons To Consider Purchasing It

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There are a number of different kinds of insurance out there in the market. But the frequent traveler, one of these is more important than the others. Even if you are not a particularly frequent traveler, you can still benefit significantly from worldwide travel insurance.
Today, people want to avoid risks as much as they can. One way in which they manage to achieve this is by incorporating worldwide travel insurance. In this manner, they remain protected regardless of where they are and what they might be doing.

Uniform Protection

The best part about the worldwide travel insurance is that you remain protected without having to fill in paperwork and sign up for things every single time you visit a new destination. With just a single policy, you can confidently enter places and try out new things knowing all well that you are completely covered.
This is an important asset, as you spend less time trying to find out things and more time enjoying where you are. For the traveler wanting to go an adventure, there is quite no option like this one. Hence, it makes for a rather interesting coverage to have.

Cost Effective

Instead of purchasing individual policies every time you go to a new place, you can just pay one price and remain covered throughout the globe. For people engaging in a lot of travel, or even a decent amount of travel, this is quite an effective solution in terms of price.
It is definitely cheaper to have this form of coverage rather than pay and obtain coverage that might not necessarily be as effective. You will want the money for your other expenses, which might be incurred while on the trip. Hence, for the traveler on a tight budget, this is definitely an effective solution.

Trip Cancellation Protection

Another equally important form on worldwide travel insurance is the trip cancellation insurance. With this, you will have the peace of mind in knowing that the money invested in your trip will be returned in case you decide to cancel the trip later on due to an emergency.
When purchasing tickets to far off destinations, it is important to know that the cost of the ticket is insured against unforeseen circumstances. With this kind of protection, you get just such a feature for a very short amount of money. It is definitely worth considering if you frequently tend to change your schedule.

Flexibility in choosing

When you have something like trip cancellation insurance by your side, you even have the flexibility in choosing the exact dates that you would want to fly out, without having to think twice about the cancellations.
Hence, it is quite an effective solution in the end, something that you would want to have if you don't like to be tied down to a single date. If you compare costs, it is still an effective thing to have and will ensure that you don't end up spending a lot of money if you decide to change your dates by even a single day later on.

About the Author

If you are curious to learn more about worldwide travel insurance, as well as about trip cancellation insurance, click on