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London Travel InsuranceWhat is Travel Insurance? Travel insurance protects a traveler's vacation cost against cancellation and interruption while also providing medical, lost or damaged property and travel delay coverage. Travelers are reimbursed if they have to cancel or interrupt their travel, they are also covered should the need arise for emergency medical treatment, medical evacuation and a number of other situations. Travel insurance can be broken down into the following major categories: Trip Cancellation – Reimburses travelers unable to take their trip due to Illness (of the traveler or a family member), weather, airline strikes, bankruptcy, becoming unemployed, jury duty or their home being rendered uninhabitable due to fire/flood etc. Trip Interruption – Reimburses travelers if they have to cut short their trip due to Illness (of the traveler or a family member), weather, airline strikes, bankruptcy, becoming unemployed, jury duty or their home being rendered uninhabitable due to fire/flood etc. Medical/Health – Reimburses medical and emergency dental costs. Almost all travel insurance plans work by reimbursing the traveler after they have paid locally for treatment. Claims are usually paid within 7 to 10 days. Pre-Existing conditions are covered by most policies if the policy is purchased within (at the most) 21 days from the date the traveler made the first trip payment (deposit). Medical Evacuation– Provides emergency transportation to either a local hospital in the event the traveler is unable to get there by themselves or back to a hospital near the travelers home. If family members are covered on the same policy they can return home also. Baggage Loss – Reimburses travelers for lost, stolen or damaged personal items. This coverage is usually for the duration of the trip and not confined to baggage damaged or lost by the airline. There are two policy limits, total claim and per item maximum. Some policies also place limits on the type of items that can be claimed for such as jewelry, laptops and sporting goods. Rental Car Damage – Reimburses travelers for damage or loss to a rental vehicle. It is designed to allow the traveler to decline CDW (collision damage waiver) coverage offered by the car rental companies. Liability coverage should still be purchased through the car rental company. Rental Car Damage coverage is also often included with the credit card used to pay for the car rental which is often identical to the coverage provided in the policy. If you travel outside your home country for business and pleasure the health care plans you may have in your home country may not be designed to provide coverage while you are out of the country. However, travel insurance is necessary if you want to feel safe and protected on your trip. A travel insurance policy is a very good idea. It is the best way to protect you against medical costs through illness or injury, against theft or loss of possessions and other accidents that may occur during your travels. Coverage depends on the type of insurance that you buy. You should ask for details on any policy before you decide to buy. In addition, buy travel insurance as early as possible before you start your travel. If you worry about getting sick away from home, consider purchasing medical travel insurance and carry your ID card in your purse. If you need to cancel or interrupt your trip, or if you become ill during your travel, travel insurance will reimburse you for the expenses you incur due to your bad luck. |
London Travel Insurance |
