Enhanced modes of transport have made extensive travel a common indulgence. However, there is a distinct need for the 21st century traveler to check out insurance coverage on every segment of travel to ensure real value for the money spent. Travel involves adventure and risk and hence the need for insurance. It is essential to have travel coverage in place, especially in the case of a frequent traveler. This way, you get to enjoy the trip to the maximum and within the security of insurance. If you are adventurous, a sport enthusiast, a globe trotter or a business person who travels extensively, there are a myriad of insurance offers to finance you and take care of everything from ticketing to accommodation. Travel insurance is designed to minimize the financial risks that a traveler faces due to last minute cancellations, medical emergency, delay or loss of baggage or the ultimate nightmare - loss of cash!
A traveler cannot rule out the possibility of a missed departure or loss of passport and the subsequent legal expenses. Such occurrences can really drain you of patience and the leisure time on hand. However, it is better to be safe than sorry. These emergencies cannot be ruled out and hence, need to be covered via travelers insurance. The insurance will largely depend on the category of traveler you fit into. You could be categorized under single trip or multi trip, short or long trip, one time or frequent or tourist or adventure sport enthusiast. Whatever the category, there is a traveler's insurance designed for you.
The insurance company covering you under the traveler's insurance supports every effort made to plan the trip or vacation and ensures that nothing untoward happens. In other words, the travel insurance is a designed 'back up' for the unexpected turn of events, if any do raise their ugly heads. The covers provided under the different insurance packages include ticket reimbursement and medical expenses. It is important to understand that the ticket expenses are reimbursed in event of the trip getting cancelled or interrupted due to ill health. This could also be the case in event of the sudden loss or serious condition of family member. The traveler's medical insurance plan takes care of all medical expenses, including hospitalization during travel.
There are other specialized package plans available for particular travelers, like the student's plan that covers the student for a semester or even a year of travel. There are insurance plans that cater specifically to students studying abroad. In these travelers insurances, the premium is calculated on the basis of the plan module and the additional expenses that are naturally applicable to an overseas student, which differ from one cover to another. The backpacker's travel plan is designed for individual and extensive travelers. Since most of such trips involve trekking and road travel, the overages offered too relate to associated expenses.
There is a traveler's insurance plan specially designed for senior citizens who travel around the world, post retirement. However, the premiums calculated are higher since the insured are senior citizens, who are more likely to fall ill and make claims. The businessmen who travel frequently can invest in a special plan put together for them, which offers them the choice of an annual plan or a multi trip plan insurance coverage. The insurance plans designed for travelers also cover toddlers who are exposed to the risk of getting some infection or disease in transit. In such an unfortunate event, if the family trip stands cancelled, the plan provides for eventualities.
There are traveler's insurance covers that also provide for various types of groups. These include club member tours, tours organized by the civic authorities or the church or some youth organization. The group is covered for both a tour within and outside the country and covers the young and older members of the group. The risk factor associated with extreme sports like bunjee jumping, jet-skiing, parascending, water rafting, windsurfing, yatch racing and scuba diving cannot be denied. Such travelers are covered by the travel insurance companies under separate packages at extra costs. They cover the hazardous activities and calculate the premium according to the risk and age factor. info from googleitt.com
About the Author
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Sunday, July 20, 2008
Travelers Insurance
Wednesday, July 16, 2008
4 Simple Tips for Choosing Texas Individual Health Insurance
If you're shopping for an individual health insurance plan in Texas, it's easy to become confused by all the different options and terminology.
HMO's, PPO's, indemnity, riders, inclusions and exclusions... it's enough to make your head spin. But, never fear - all you really need to know are a few simple tips to help you choose the best policy for you and your family:
1. Know the policy limits of coverage. When choosing Texas individual health insurance coverage, it's important to understand the differences between coverage limits. Most plans you find are what is known as "managed-care" plans. Managed care plans cover your health costs even if they exceed the amount you've paid into your policy, up to the policy limits in your plan.
So, it's important that you know what the policy limits are so you can be prepared in case of a catastrophic, life-threatening, or extended illness. This is a very personal decision, and should not be made lightly; by all means, make sure you get the coverage limits you are most comfortable with.
2. Know the difference between HMOs and PPOs. HMOs arrange for or provide health care services on a prepaid basis, and generally limit you to providers that are in the HMO's network. On the other hand, PPOs often provide more flexibility, both in the levels of coverage provided as well as by allowing you to see the physician of your choice. So, most folks, when given the choice, would prefer a PPO over an HMO, since the PPO offers the greatest flexibility in coverage and choice of health care providers.
3. Know the policy limitations on preexisting conditions. Many health coverage plans contain limitations on preexisting medical conditions. These exclusions are governed by federal law, and are generally limited to conditions you received care for or were recommended to receive care for in the six month period preceding your enrollment dates. So, be aware that any preexisting conditions that fall within those guidelines may be excluded from coverage under a new health care coverage plan.
4. Know what the deductibles are. The deductible is the amount you have to pay out-of-pocket before the insurance company is required to pay your expenses. Generally, a higher deductible means a lower monthly premium, and vice versa. Make sure that, if you choose a higher deductible, that you have the means to pay it in case of a hospitalization or major surgery. Those lower monthly premiums could very well end up costing you dearly down the road; make sure you plan accordingly.
So, to recap... Know your limits of coverage, know the difference between HMOs and PPOs, know what the limitations are for preexisting conditions, and know what the deductibles are for the policy you are considering.
About the Author
Mike Massie is an independent insurance agent specializing in individual, family, and small business health coverage for Texans. He offers instant texas online health insurance quotes at his website, http://www.easytexashealthinsurance.com/ .
