With hurricane Dolly barring down on southern Texas or northern Mexico, this serves as a good reminder to purchase vacation insurance that offers some protection for your trip costs should a hurricane strike. Millions of vacationers this year could lose their vacation deposits if a serious hurricane strikes where they are traveling. If possible, you should avoid traveling to hurricane prone regions such as Florida and the Caribbean. The hurricane season starts in June and usually ends some time in November. Unfortunately, many travelers are not aware of this.
There are many reasons to purchase travel insurance. Here are just a few:
- If you don’t get travel insurance, you are taking the whole risk on yourself. Why not pass that onto the insurer’s shoulders.
- A serious sickness or injury can seriously jeopardize your finances. It is not unusual to see medical and evacuation expenses exceeding $100,000 USD.
It has recently been reported by the UK press that one in four UK citizens do not take out travel insurance when they travel. According to Sainsbury Finance, nearly a third claim that they do not even need travel insurance while one fifth state that they can’t afford travel insurance. The poll was conducted recently of 1000 travelers for the company.
It has recently been noted in the news that the US Travel Insurance Association has urged Americans to purchase travel coverage for covering the delay. The Bureau of Transportation Statistics stated that the country’s largest airlines had a mishandled baggage rate of 7.35 reports per 1,000 passengers in the first three quarters of 2007. That is a lot of bags lost!
Many people purchase excellent travel tickets and vacations at the last minute. In fact, there are a significant number of web sites and companies who offer great deals on vacations and airline tickets for travelers who purchase their vacations and tickets at the last minute. You can obtain great prices because the travel company doesn’t want to leave that seat unfilled and will discount the fair or vacation to fill it.
The recent swine flu or H1N1 epidemic that has caused a great deal of concern for people who plan to travel this year. The illness has also made purchasing travel insurance even more important.
To further assist you with information, the Centers for Disease Control (CDC) on its Web site, http://www.cdc.gov/, offers these precautionary tips on preventing the spread of the flu. Consult your doctor for more information or the CDC web site for up to date details and advice. Here are some quick tips that also apply to all flu and many other contagious illnesses:
Business persons who are traveling should make sure that they get adequate travel insurance when they travel on business. The Travel Industry Association of America recently reported that business travellers are taking approximately 5 work related trips per year. Business owners should make sure that they are and their employees are covered by a comprehensive travel insurance policy that will cover medical and evacuation expenses. Such costs could cripple an employee’s finances and he or she may look to the employer to cover these medical costs, especially if they are on company business.
1. What does it usually cover? Travel insurance coverage varies from insurer to insurer, but there are two major types: Travel Medical & Evacuation Insurance: This covers the medical emergency expenses while you are on your trip Trip Cancellation & Interruption: This vacation insurance is probably the most common type of travel insurance policy sold in […]
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Note: Some of the products and services described or advertised on this site may not be available to residents of certain jurisdictions, depending on regulatory constraints, including Canada and the U.S. Please contact TFG Global Insurance Solutions Ltd. for more information about your specific jurisdiction. If you or your company requires a policy that is billed to the USA, please contact us and we will refer you to a broker located in the USA. The policies we offer via TFG Global Insurance Solutions Ltd. or its related web sites are not available to citizens permanently residing in the USA when taking out the policy.