Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

What You Should Know About the Two Types of Travel Insurance

By Tracy McManamon Subscribe to RSS | February 29th 2012 | Views:
loading
 
  



Travel insurance is an essential for traveling, whether you are going on a family vacation or a business trip. When starting to look into Travel Insurance you may be a little lost and a little overwhelmed by all the choices. Though it may seem like there is a lot that goes into it, it can be quite simple if it is laid out for you. There are two types of Travel Insurance: Vacation Plans and Travel Medical Plans.

Vacation plans, as you probably know, is a great plan for those going on a vacation. You may also know them as: “Package Plans, Travel Insurance, Trip Cancellation Insurance, or Trip Insurance.” What very few people realize is that “over 95% of travel insurance sales are Vacation Plans”. A Vacation Plan is an incredible way to be covered especially if you run into any unforeseen situations. Vacation Plans cover: “canceled trips, interrupted trips, medical emergencies, emergency evacuation, delayed baggage or trips, lost baggage, and 24/7 assistance,” along with other types of coverage as well.” The second type of insurance is the Travel Medical Plan.

The Travel Medical Plan will cover you when you are on a trip out of your homeland, but will not cover cancellations like the Vacation Plan does. One thing that can be overlooked when traveling is considering if your health insurance plan, which you have in your country, will cover you once you leave your country. In some situations, you might be covered, but this is very rare. Make sure that you check with your health insurance company before purchasing a Travel Medical plan so you do not have two types of insurance that cover the same thing. The travel medical plan will cover two things, which would otherwise be very expensive for you to pay out of pocket. It will cover: “medical expenses, and emergency evacuation”. It is crucial to have this kind of coverage or you will possibly end up paying tens of thousands of dollars to cover your medical expenses in the destination country.

In addition to the vacation plan and the travel medical insurance plan, there are special plans that cover specific situations. You can purchase: Evacuation Plans, Travel Accident Plans, and Rental Car Plans. Evacuation plans are for medical emergencies and cover your transportation to the best hospital facility. Accident plans are primarily for injuries that result in dismemberment or loss of life. Rental car plans cover you for accidents you may have while driving a rental car. The most important thing is that you purchase either a vacation plan or travel medical insurance plan when going on a trip. Any of the three additional plans would be great to look at once you know the type of traveling you will be doing and the situations that you may run into.

Tracy McManamon - About Author:
Tracy McManamon is a consultant at One Source Benefits. He helps clients choose from a slew of travel medical insurance plans from leading travel insurance providers.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/what-you-should-know-about-the-two-types-of-travel-insurance.htm

Related Insurance Articles Subscribe to RSS

Your insurance in your means, demands and needs
Published by Ahmadgill on December 3rd 2011 | Insurance
There are many companies that are giving bets rates but all these companies are not batter for you a...
 
Affordable medical insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
Medical treatments and preventative care are not cheap. For the 40 million citizens of the United St...
 
What do self-employed people need to know about health insurance?
Published by Andrew Low on February 10th 2012 | Insurance
If you live in the UK and take out health insurance, it is unlikely that you will be able to offset ...
 
Get compensation by business interruption insurance for disastrous circumstances
Published by Andrew Edwards on January 2nd 2012 | Insurance
If you are running a business successfully and happy earnings gained on regular basis...
 
Oklahoma- the home of the best car insurance
Published by Usautoinsurances on January 16th 2012 | Insurance
All motorists deriving on the Oklahoma roads need to carry with them proper auto insurance. This is...
 
Benefits of income protection insurance
Published by Benroger on February 28th 2012 | Insurance
Right from the beginning of the world everyone knows how much unpredictable their life can be. Our l...
 
How to get low cost auto insurance Connecticut?
Published by Auto Insurances on January 16th 2012 | Finance
Who doesn’t want to save money in such high period of inflation? Of course everyone does. But, whe...
 
Inexpensive health insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
HealthInsuranceAdvisory.org offers Inexpensive Health Insurance rates for most Americans by allowing...
 
Know more about a balance car insurance program
Published by Stevediaz on February 25th 2012 | Insurance
You bought a car and you know you have made one of the biggest investment. Now you cannot afford any...
 
General and special coverage with commercial insurance
Published by Andrew Edwards on March 2nd 2012 | Insurance
Safe business is prime requirement for us; it gives us plenty of advantages which can be utilized...
 
Hold unexpected situations with ease, obtain business interruption insurance
Published by Andrew Edwards on February 20th 2012 | Insurance
Fix your business issues quite generously as it is quite important to keep a hold on unexpected situ...
 
Tips to find cheap classic car insurance
Published by Anneshirley on March 20th 2012 | Insurance
Classic car insurance coverage is different from the regular type of insurance coverage. The definit...
 
Know more about cheap car insurance
Published by Anneshirley on April 12th 2012 | Insurance
It is not a tough thing to find car insurance, but yes it is very hard to find the classic car insur...
 
Participate careful game by choosing authentic Car insurance quotes
Published by Carolina James on December 9th 2011 | Insurance
The instant you are planning to make your purchase it is certain that you should to make your select...
 
Significance about the automobile insurance
Published by Shyam Singh on March 5th 2012 | Insurance
Renegotiate the automobile insurance handful of folks consider. But maybe it's completed each year. ...
 
Finding cheap car insurance with best coverage
Published by Robmichae on March 16th 2012 | Insurance
Everybody is seeking ways to reduce their monthly expenses in today’s economy. As a matter of fact...
 
How to find affordable auto insurance for your child
Published by Jerry on March 14th 2012 | Insurance
When you need to get a car for your child, chances are that you may want to make sure that it is as ...
 
Coverage commercial general liability insurance offers to insured company
Published by Andrew Edwards on May 22nd 2012 | Insurance
CGL is quite popular plan while business owners want to cover-up the liability issues and transfer...
 
Inexpensive health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
For those of us not fortunate enough to have group dental insurance offered through ours or our spou...
 
How can medical insurance companies prove helpful in improving the medical insurance condition in India?
Published by John Smith on March 5th 2012 | Insurance
The current condition of health insurance of India is not good enough. People are still deprived of ...