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10 Types of Insurance Frequent Travelers Blow Off

Posted February 3rd, 2012
by Staff Writers

For families that only take one vacation each year to a domestic destination, travelers’ insurance isn’t something that comes to mind. Though it’s certainly a good idea for all vacation planners to look into the various types of travel insurance available, these are ten of the plans that frequent travelers should consider, but often don’t.

  1. Trip Insurance – Trip insurance can cover the costs of prepaid and non-refundable expenses in the event of unforeseen circumstances that prevent you from departing such as the death of a family member or an illness.
  2. Vacation Rental Insurance – Coverage for vacation dwellings such as villas, condos or cottages is available through many traveler’s insurance companies to cover your personal effects in the event of natural disaster or the cost of securing other quarters if the property you originally rented is damaged before your arrival.
  3. Travel Medical Insurance – Because most health insurance plans provide extremely limited or non-existent coverage during foreign travel, it might be a good idea to secure travel medical insurance in the event of an overseas injury or illness.
  4. Work-Related Cancellation Insurance – Work-related cancellation insurance plans can provide protection from the loss of prepaid and non-refundable trip expenses in the event of a trip that’s cut short or canceled altogether because of unexpected employment or business conflicts.
  5. Lost or Destroyed Luggage Insurance – Many insurance companies now offer policies that cover luggage in the event of loss or destruction. Anyone who travels frequently knows that this is coverage will eventually be needed, as baggage will inevitably become lost or damaged at some point.
  6. Inclement Weather Insurance – If your vacation lodgings or destination becomes uninhabitable due to inclement weather, there is insurance coverage available to offset the cost of a spoiled vacation.
  7. Accident and Emergency Travel Insurance – In the event of a life-threatening accident or emergency, specialized travel insurance can cover the cost of medical transport back home and cover the loss non-refundable vacation expenses. Emergency medical transportation can be financially devastating for foreign travelers, so this might be a good investment.
  8. Embassy Visa Insurance – Some foreign embassies require that visitors from abroad obtain a certain amount of travel insurance to secure a travel visa. For minimal coverage to maintain compliance, many insurance companies offer no-frills packages designed to keep you eligible for your travel visa.
  9. Trip Interruption – Expensive vacations that are interrupted by travel complications, inclement weather or other factors out of your control can be extremely frustrating, to say the least. Purchasing trip interruption insurance can reimburse a sizable portion of your lost investment under these circumstances.
  10. Cancel For Any Reason Insurance – For especially cautious vacation planners, there are insurance policies in place that will cover any non-refundable expenses you incur for a trip that is canceled for any reason at all, no questions asked.

There are combination plans available that offer facets of each of the above-mentioned plans under one policy to varying degrees; doing a bit of research can help you get a great deal on coverage that will protect you from the hazards of frequent travel.

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