Any unexpected expenditures in the course of your travel abroad need to be preplanned well ahead of time. Travel insurance is indispensable whenever you are planing a trip to a different country, sometimes you are on your own and any unforeseen incidents such as accidents or illnesses will be borne by you wholly. With Travel insurance your medical expenses or any other unexpected expenses will be covered.
It?s basically a contract between a traveller and an insurance company by which an insurance company is required to cover all of the losses that you might incur during the trip abroad. An insured individual pays the premium either in single or multiple installments.
Which is the right time to get the travel insurance?
For frequent travelers you will find more broad permanent travel insurances that protect you throughout all of your trips that meet certain requirements. Such on-line travel insurance coverage can be bought straight from insurance companies but also from travel specialists or travel companies.
What happens in case of pre-existing medical conditions?
Anyone with a severe pre-existing medical condition would find it tricky to attain a travel insurance. However, it is not impossible, travel insurance companies rule out all claims connected to pre-existing medical conditions. Some insurers covers for pre-existing circumstances with out any extra premium. Other travel insurance companies may have a medical screening system, typically carried out over the phone or online. You?re asked a series of questions to be able to assess the risk involved and to determine whether you can be given insurance, in such case you may have to pay an additional premium to cover the risk of pre-existing condition, or exclude any claims relating to risk.
What all am I covered for in such insurance?
The most common risks which are covered by travel insurance are flight delays, cancellations, limitations. Theft of luggage, delay or loss of personal possessions up to a certain amount when undeclared and as much as any amount when declared and included in the policy is covered under such travel insurance. It?ll also cover for medical costs whether due to illness or accident. This consists of transportation to and from hospitals and clinics, physicians? fees, medications, etc.
In case of death, all funeral costs, benefits of accidental death, will be covered by the insurance. Legal coverage like legal fees, personal liability for accidents in case you are responsible for the accident and have to bear the injured person?s medical expense. Furthermore, there are other risks for which insurance can be bought jointly or separately from a regular travel insurance contract.
If you buy a travel package to a high risk destination, probabilities are that the policy will already contain those clauses, exactly the same can be applied if you employ all the services needed to perform the high risk activities from the same agent. However, you should carefully read the policy before committing to anything and make sure that you are sufficiently protected.
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Source: http://article-heroes.com/travel-insurance-protects-all-travellers-from-risks/
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