Author Archives: hesty

Timing is Everything — Especially With

Few things in life are as satisfying as a trip abroad, and most of us can hardly wait until we leave on our great adventure. Anticipation of things to come merely heightens our delight. Planning our trips is part of the enjoyment. Running around, buying our tickets, luggage, clothes and other items that we plan to take with us don’t even seem like chores. It’s not even painful to pay for these things because we know that soon we’ll be exploring places we’ve never been before. However, there is one “fly in this ointment”, one more expense that we’d rather not have because even though it costs us money, we receive no tangible benefit. What am I talking about? Why, , of course!!!

Is Buying at the Last Moment Okay?

I don’t know about you, but as far as I’m concerned, paying for is not exactly my favorite way of spending money. Could it be because travel health insurance is not exactly sexy? Or is it because it just adds to the cost of an already expensive trip? Whatever the reason, I’d rather not spend the bucks on travel medical insurance. However, because I know that it really is a necessity, I buy it. Nevertheless, I tend to put off the purchase as long as possible because it still feels like an “extra”. Am doing myself a favor or not?

Are You A Gambler?

Is keeping my money in my pocket for as long as possible helping me or hurting me? By delaying my purchase until the day I leave, I’m actually hurting myself. This is because I’m actually gambling that nothing will happen to me before I buy my insurance. I’m betting that I or someone in my family won’t fall ill or get injured prior to departure. Also, if I haven’t bought it and something bad does happen, I won’t have any insurance coverage and I’ll be out of luck. Wouldn’t I be smarter to get my ASAP in order to minimize my risk and maximize my potential benefits?

Don’t Lose Your Pre-Existing Condition Coverage

There is another reason to buy without delay. Sometimes we make our travel arrangements in stages and don’t book our flights at the same time. We travelers are eligible for pre-existing medical condition exclusion waivers provided we buy our from 7 to 21 days (depending on the policy) of making our arrangements. If we wait longer, we may not be eligible for those benefits, especially if a previously unknown health condition should materialize.

Don’t Wait To Finalize Everything Before Buying

Whenever I have traveled, I have known in advance what my plane tickets were going to cost, but what about you? Maybe you’ve made travel plans but have not yet bought your plane tickets. I suggest that it’s a good idea to buy your even if you haven’t bought your tickets because doing so will ensure that you will qualify for the pre-existing condition exclusion waiver. If you don’t know what your flight will cost, estimate the cost and include this figure in the total cost of your trip. Later, when you have purchased your flight tickets, you can advise the insurance company. That way you will not risk being ineligible for coverage for a medical conditions that crops up prior to departure.

What If You’ve Already Left on Your Trip?

I happen to be one of the world’s greatest procrastinators. My motto is, “Never do today what you can put off until tomorrow because you might get lucky and not have to do it at all!” Maybe you, too, are a Great Procrastinator and you avoid buying before you leave on your trip. What happens if you have delayed buying your or expatriate insurance until AFTER your departure? Are you out of luck? Are you ineligible for insurance because you didn’t buy it before you left home?

Fortunately, the good news is that, even if you decide to buy after departure, you are still eligible for insurance. If you can get access to the internet, both and expatriate insurance can be found and purchased online, even after you’ve left on your trip or taken up residence abroad. As the old saying goes, “Better late than never,” especially in this case!

Can You Get Insurance for Someone Else Who Has Already Left?

Here’s another scenario. What if there is an emergency and a family member (including minors) or a friend or employee has not bought but has already left on their trip? Do they have to travel uninsured? The answer is no, they don’t have to go without . You, or someone else they designate, can go online and purchase on their behalf. It’s good to know that when friends, family or employees are too busy to get their own , they don’t have to go without it.

In this case, all you need to do is fill out an online application and make the required online payment. You’ll get instant confirmation and can even print out a copy of the policy. There is one cautionary note though. If you’re purchasing on behalf of a minor, you’ll first have to register as an adult in order to get the insurance. It is also important to note that they will not be eligible for coverage for pre-existing medical conditions that occur during the trip after departure and prior to purchasing their insurance. This is merely another reason why purchasing should not be delayed.

In the World of , Timing Definitely Is Everything

Timing is everything, they say. Purchasing travel or expatriate insurance was probably not on the mind of whoever coined that phrase. Nevertheless, those words apply as much to buying as they do to anything else. Given the potential for financial ruin if you’re not insured, the time to buy yours is before you need it because buying it after you need it is impossible and much too late. Learn from the “Great Procrastinator” and get the insurance you need before you need it.

FAQ

is an essential part of any trip and is something that should not be put aside. Most soon-to-be travelers usually have heard about , but might not know the specific reasons why they need . This is an important article about frequently asked questions for . This article also provides a link for further reading about .

What is protection?

is a type of insurance that covers you financial for any losses or illness that may unfortunate occur while you is on your trip. can be bought for international or national (within your country) trips.

Why should I buy ?

Since protects you while traveling, this will help and provide the necessary protection you will need in the occurrence of a unfortunate event. Any individual traveling anywhere without will be in a dangerous situation if an accident occur.

What is the coverage for ?

should provide coverage for medical cost, transportation to a medical facility, and reimburse you for certain or some nonrefundable costs due to a interrupted trip, and financial loss of funds.

How much does cost?

How much the cost of your will be depends on your insurance company provider and their policy. The cost of usually will range up to 12 percent of the cost of your vacation/trip.

Is really important and how many people actually get paid for their claims?

is highly recommended, there are usually about 10% of people who file claims. Sometimes some travelers make have taken a overly expensive trip that they would have to pay out of their own money if they have not bought .

What is the medical care coverage?

When there is a case of illness or serious injury, medical transportation to an appropriate medical facility, and medical treatment will be covered. You should also have coverage for if it is deem necessary to bring you back home.

Does cover business trips?

This will depend on the insurance company. Most insurance companies will provide for a business trip, but the coverage may be separate from the standard coverage.

How long will provide coverage for me?

You can often buy starting from as little as two weeks, up to a year. Different insurance companies may vary with their service of coverage.

When is the best time to buy coverage?

The best time to buy is as soon as possible before you go on your trip or vacation. You want your active during your whole trip.

What will happen if my money is lost or stolen?

If you can not receive traveler checks replacements many insurance companies provide a service where a travel agent can arrange a money transfer or traveler check for you to receive. You will have to ask more about this to your provider.

– Got You Covered

Planning to be traveling soon? Should you buy ? It’s a tough call whether spending the extra money is worth it. Are you over 50? goes up significantly as you get older. If you’re spending a lot of money on a trip, is a must.

Coverage

covers these basics:

  • Trip Cancellation Or Interruption
  • Medical
  • Emergency Evacuation
  • Baggage
  • Flight Delays and Cancellations

– What Does It Mean For You?

Trip Cancellation refers to canceling prior to your trip whereas trip interruption refers to a problem during your trip. What if you or one of your travel companions gets hurt or sick and you need to cancel your plans. This is where comes to the rescue.

What if you have a medical emergency? Think you’re covered by your medical insurance? You might be. But most medical insurance policies don’t cover you outside of the United States. Medicare never covers you when traveling abroad. Find out if you’re covered when traveling to your next destination.

What happens if you do sick and need to be airlifted? Or you need medical care on your flight home. This can be very expensive.

Have you arrived at your destination just to find that you have no luggage? What if you’re ready to board a cruise? Now what? will pay for essential items until your luggage is found and delivered to you. What if it never shows up? Make sure to have a list of items that you packed for your trip. Better yet, keep as many receipts of these items as you can. If your luggage was stolen, make sure to file a police report. This will help in making an insurance claim.

Did you get to the airport just to find out your flight has been delayed? What if the delay causes you to miss your connecting flight? will reimburse you for hotel stays and meals while waiting to get out on the next flight. But what if your flight leaves on time and you get held up in traffic and miss your flight? You probably won’t be covered.

– Do I really need it?

Check with your homeowner’s policy. It may already cover such things as lost luggage. Be sure to check the maximum amount of coverage as it may be limited in the payout. Check your medical insurance and find out what is covered when you’re traveling away from home. Verify if you’re covered when traveling abroad. Finally, check your credit card coverage. Some credit cards will provide a limited amount of insurance if the trip was booked with their credit card. If you have an airline’s credit card, check with their coverage. They may have better coverage if you’re traveling with them. But credit cards may not cover you being airlifted back home. Both health insurance and credit cards don’t usually cover travel emergencies.

Once you decide you need , read the fine print. Check to see if there are any time limits concerning the purchase of insurance prior to your trip. Find out if the entire length of your trip is covered. Make sure your destination is covered. If the government is warning you not to visit a particular country, you may not be covered if you go there.

What if you get sick? Make sure you list all medications you’re currently taking. Failure to do so could invalidate your policy. What if a family member back home gets sick and you want to cut your trip short. Most policies don’t cover this unless it’s a death in the family. There is an option called “cancel for any reason”. If you have older relatives back home, you may want to consider this option for peace of mind. This would allow you to cut your trip short and return home for any reason. Even if you just changed your mind and decided not to go.

Check the fine print and decide if purchasing is right for you. You may be glad you did!