Travel Insurance: Don’t Leave Home Without It
Learn the Basics to Save You Time and Money
by Raymond Kim
If you are planning to travel for business or vacation, you may want to consider purchasing travel insurance. Travel insurance is an excellent tool that protects you and your family in the event of an unforeseen accident.
Reasons to Purchase Travel Insurance
Cruises, package tours, and airline tickets typically require full payment in advance. If you need to cancel or change your plans, it can be extremely expensive. By purchasing travel or ticket insurance, you protect your investment and guarantee that you will still be able to travel at a later date, without paying the full price of a new ticket. Emergency Medical Expenses insurance provides coverage for any unforeseen expenses that occur should you get ill or otherwise injured while traveling. Emergency Medical Expenses insurance is commonly offered when traveling to remote areas or third world countries.
Provisions and Limitations
Some travel insurance will not cover pre-existing conditions, or medical problems that arise from the use of illegal drugs or self-inflicted injury. with cruises or package tours, travel insurance protects in case the company goes bankrupt or the cruise operator fails, leaving the policy holder stranded. However, certain policies only pay if the policy owner has been stranded for a certain number of days, which could add to the overall cost of your trip.
Baggage Insurance or Personal Effects Coverage
You can also purchase baggage insurance for your personal belongings in the event that they are stolen, lost, or damaged during your trip. Before purchasing this type of coverage, find out how much insurance the airline or trip operator provides for your belongings. Some homeowners insurance will provide coverage for off-premises theft, which means that you do not need to purchase additional insurance. You can also purchase individual insurance for almost any valuable item at a relatively small annual cost.
Accidental Death
This type of insurance provides coverage if you or a family member die on the trip. Life T insurance also covers this but you may want extra coverage in the event of an emergency. Investigate your policy fully, as accidental death policies can require large advance payments and have many contingencies.
You can purchase travel insurance from a travel agent, your insurance company, and often from the airline or cruise company. Shop around and compare prices to get the best possible deal for your money. Be sure to read all the fine print and understand your policy fully before signing anything.
Since 1997, CashAdvance.com has been the most established and trusted name in the cash advance industry, connecting over a million consumers with payday loans from its vast network of reliable lenders.
© 2012 CashAdvance.com All Rights Reserved.
CashAdvance.com is Hawk, LLC, which is a limited liability company chartered pursuant to the laws of the Ute Indian Tribe and is wholly owned by enrolled members of the Ute Indian Tribe. By your use of this website you consent to the laws and jurisdiction of the Ute Indian Tribe as it relates directly or indirectly to your use of this website.
Consumer Notice: A cash advance, also referred to as a payday loan or payday advance, is a small, short-term loan that is intended to cover a borrower's expenses until the following payday. Cash advances are intended for short-term financial relief and do not constitute long-term financial solutions. Consumers facing debt and credit difficulties should seek out debt and credit advisory help. Consumers are encouraged to consult our State Consumer Resource pages to learn more about the risks involved with cash advances, local laws and regulations that may be applicable to cash advances, possible loan alternatives and recent developments in their state.
Legal Disclaimer: This website does not constitute an offer or solicitation to lend. CashAdvance.com is not a lender, does not broker loans, and does not make loan or credit decisions. The operator of this Web Site is not an agent, representative or broker of any lender and does not endorse or charge you for any service or product. CashAdvance.com provides a service only and is not acting as a representative, agent, or correspondent for any service provider or lender. CashAdvance.com's aim is to inform users of possible lenders who may be able to satisfy the needs of a particular consumer. CashAdvance.com does not endorse any particular service provider, lender, nor loan product. You are under no obligation to use CashAdvance.com's service to initiate contact, nor apply for credit or any loan product with any service provider or lender. Service providers or lenders will typically not perform credit checks with the three major credit reporting bureaus: Experian, Equifax, or Trans Union. However, credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, which typically will not affect your credit score, may be obtained by some service providers or lenders, in certain circumstances. You will not be charged any fees to use CashAdvance.com's service. Learn more on our Rates & Fees section.
Availability: Residents of some states may not be eligible for a short term cash loan based upon lender requirements. CashAdvance.com does not guarantee that completing an inquiry form will result in you being matched with a service provider or lender, being offered a loan product with satisfactory rates or terms, nor receiving a loan from a service provider or lender.