subject: 3 Things To Look For In Any Travel Or Cruise Insurance Plan [print this page] 3 Things To Look For In Any Travel Or Cruise Insurance Plan
Travel insurance and cruise insurance are intended to cover you in the event that you need emergency medical treatment or you have to cancel a trip due to a medical problem. Travel insurance and cruise insurance plans differ in the benefits and limitations included. When purchasing travel insurance or cruise insurance, there are three things that you should look for.
If you become ill or have an accident while traveling, this type of coverage will help you to pay for treatment and may cover the cost of evacuation if necessary. Be sure your policy has an adequate amount of coverage in case you need to bring a family member over to help you while you are ill and accompany you back home. It should also provide at least $50,000 for medical evacuation expenses.
Look at the way in which the benefits are paid. Some plans pay the medical costs directly, while most are set up so that you have to pay for them and be reimbursed by the insurer. Be sure that you understand the kind of plan that you are purchasing so that you can be prepared to pay out of pocket expenses if necessary. Beware of any exclusions, such as many adventure activities like scuba diving, rock climbing, or bungee jumping. If you were injured during any of those activities, you would have to pay those expenses yourself. Be sure you understand what is covered and to what extent when purchasing travel insurance or a cruise insurance plan.
Trip interruption is intended to reimburse you for the cost of the trip if you are unable to travel due to a medical condition. Check that the policy you buy also includes Financial Default, meaning that if the trip supplier should go under, you will be reimbursed. It should also include Trip Delay so that if you have to pay fees to reschedule a trip you will be reimbursed for those expenses.
Travel insurance or cruise insurance are inexpensive ways to be sure that you are not at financial risk when making travel plans.
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