A Guide to Buying Travel Insurance
So, you are going on vacation. Or, maybe business takes you out of the country for a few days. You have
packed your bags, checked your itinerary, and off you go. But wait! Did you purchase Travel Insurance?
There are various "types" of travel insurance. I am not talking about baggage insurance, or trip cancellation
insurance, I am talking about what could happen if something happened to you. Although the other items
are "important" as there is a financial interest at stake if something happened to your stuff, or your vacation,
but what if something happened to you? Have you ever thought how much that would cost? One thing I
can guarantee, it would cost more than the replacement cost of your belongings.
Travel insurance is unlike Life Insurance. Life insurance pays a defined amount in the event of death
provided the contract with the insurer is in force and the premiums are paid. Travel Insurance policies will
have Limitations and Exclusions which define when an Insurance company won't pay. I won't get into too
much of a detailed discussion, but if you click here and go to our website, you can get more information on
So, what should you look for in a travel insurance policy?
1) Is there a pre existing condition clause?
If you have been to the doctor in the past 6 months, and received consultation or advice on a health issue,
than that health issue may not be covered. Some companies will medically underwrite your program in
advance, so even if you do have a condition, if it is medically approved in advance, it would be covered. Be
2) How long can you be away?
Policies can be purchased for the length of your trip. However, if some unforeseen event happens while
you are away, which causes you to be at your destination longer than originally planned, then your
coverage may run out. Policies can be purchased for up to 30 days, 60 days, or 180 days.
If you travel regularly, you can buy coverage that allows you to come