11:57 10 January 2013
When we think about going on a trip, we usually look forward to all the nice things that we’ll see and experience. We seldom think of the problems that might arise along the way.
However, certain problems are sometimes unavoidable when we explore the world.
Sometimes, you’ll lose your baggage at the airport or you suddenly get ill and need emergency medical assistance. For your peace of mind, it’s recommended to take out travel insurance policy before you go.
Travel insurance policy; what is it?
Travel insurance is a type of policy that provides coverage when you’re on holiday. This provides protection against certain events that may arise while you’re travelling.
There are different types of travel insurance. The first and the most common is referred to as individual trip protection. The policy is valid for a single trip and it covers just one traveler. This one is the most inexpensive.
Another type is multi-trip protection, which is highly recommended for those people who are travelling more than once every year.
There’s also a comprehensive travel insurance that covers broader ranges of eventualities. Such plans can include emergencies arising from rafting, bungee jumping, mountaineering, and the like.
Meanwhile, group coverage is recommended for traveling families. It works just like single or multi-trip policy (which ever you chose) but it’s generally cheaper as insurance companies are often willing to give discount for this type of policy.
There are also travel insurance policies for older people. These provide coverage for those who are over 50 and who would like to travel. These policies are commonly more expensive as the elderly are most likely to make a claim.
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