When To Get Travelers Insurance

2007-03-08 10:33:40

( Travel )



If you are considering getting travelers insurance, you need to read the fine print and really clarify what you are paying for before you get your policy. Travelers insurance can get a little bit expensive especially if the coverage that they offer is already being offered by your health or auto insurance carrier.

However, there are also a lot of reasons why you should get travelers insurance. One good example is when you have paid for your ticket way in advance. Travelers insurance will protect you against cancellation due to unforeseen circumstances or the company itself canceling their offered flights due to bankruptcy or political-related incidents. Cancelled or interrupted travel plans for any reason happens most of the time and most people are disappointed because they were not able to get a refund. You can protect yourself from this through travelers insurance. Pricing for these types of travelers insurance is usually a percentage of the cost of your ticket. It also depends on the length of time you are traveling and your age.

You should always know what you are paying for when it comes to insurance. If you are getting travellers auto insurance and you are using your credit card to rent your vehicle, you have to make sure your credit card does not already offer similar coverage. Same goes for theft insurance. A homeowner’s or a renter’s insurance policy cover theft of declared items when traveling.

One important thing to consider is travelers health insurance. You may already be covered by your health insurance carrier, but this policy may not apply overseas. It may be prudent to get a separate policy while traveling. However, if you purchased your ticket using a credit card, you may already be covered. Call your credit card company’s customer help line to clarify you exact health insurance coverage while traveling.

Again, read the fine print. Make sure you get what you paid for and you are not paying two different insurance carriers for the same coverage.


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