Travel Insurance is essential, and everybody should take a look at it, before hitting the road. The right insurance can easily spell the difference between a bargain flight and a financial disaster. On the other hand, many people buy insurance, which they do not need at all. Or, they buy insurance coverage which they already have through their credit card.
There are three general types of travel insurance
Health related insurances covering the risk of sickness or an accident on the road
Luggage insurance
Insurance covering change or cancellation penalties
I want to make a few points for each category.
Travel Health Insurance
People need coverage of medical expenses at home. On the road you need it even more. The first step before buying special health coverage for your trip is a check of the policy of your existing health insurance. On the road you need treatment costs, including expenses for hospitals, and transport back home, to be covered. Very helpful is an emergency phone number, where you can reach somebody familiar with the country you are in. He may know the right doctors, have an idea which hospitals are good, and have a relationship with them allowing for treatment without the need to pay the hospital before you are admitted. Continue reading ‘Travel Insurance 101’ »