Importance of Travel Insurance

Importance of Travel Insurance

Editor's Note: This is a Guest post from Sarah Washinton

Travel Insurance is quite important when you are traveling abroad or even within your nation. When you plan your vacation, you have to plan your flights, connecting flights, accommodation, local conveyance and all such things in advance.

All these services need to be booked some weeks prior to your departure and that asks for advance payment. The planning can be done in a perfect manner but what if your flight gets delayed due to some natural calamity? It will ruin whole of your vacation. If one flight is delayed then you will also miss your connecting flights and may be your hotel bookings also require some changes. In that case, you require proper assistance that will get you the alternative mode of transport and also bare your unnecessary loss. This can be achieved only by buying Travel Insurance. The travel insurance will assist you at the time of delayed flights, damaged luggage, lost baggage, medical expense and so on. The travel insurance company offers 24 hours customer assistance and that also 7 days of week. They will assist you whenever you require an alternate flight, accommodation, medical assistance or any such help. You can call their toll free number to get help or solve your queries.

The travel insurance company will also help you in case your baggage is delayed or lost. They will pay for your necessities and also assist you in finding your lost baggage. You can trust them for all your needs. They will also help you in case you meet with an accident while driving your rental car. There are certain aspects that need to be studied before buying travel insurance. You should first contact your family physician to know your requirements as per your medical history. He will guide you about your needs and hence help you find the best travel insurance policy. Then look for all the available options in the industry. Talk to a travel agent to know about the Travel Insurance policies. When you buy travel insurance on annual basis for combined trips then it will turn out a cheaper option compared to the travel insurance bought for just one trip.

Further, check with your credit card company about their offers as many times on buying the air tickets with credit card will fetch you free travel insurance. Even check with your current automobile and home insurance provider whether they also provide travel insurance as it will be offered at cheaper premium.


Insurance: A Guide

"Remember kids, I have life insurance" - Adam Savage

This is a guest article from Tatyana Levin

These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).

 The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.

A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed.  But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.

Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.

 These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason.  The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.

The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.

About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com