On your next overseas holiday, be mindful of these commonly forgotten insurance types. These insurances can help save you a significant amount of money if an accident occurs. Many people who have accidents on holiday are often put in a financial bind. A financial bind may cause significant hardship on a family and cause them stress and loss of assets. Every family should have insurance while on a holiday. Here are the most important types that I have found. 1. Overseas Medical Insurance Emergency and accidental medical insurance policies are necessary if you are traveling overseas. This type of insurance ensures that you are reimbursed or covered for medical expenses during a trip. With overseas medical coverage, travelers are reimbursed or covered when they incur medical expenses during the trip. Some overseas medical insurance will cover pre-existing conditions, but may not cover certain extreme sports. These policies simply require that they are informed prior to the trip. Other policies will not cover prior conditions. Some insurance companies will cover medical evacuation in cases of political unrest or better medical care in another area. 2. Travel Insurance Baggage loss and theft is often a reality of travel. Travel insurance will cover […]
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Having travel insurance has now become a necessity for people travelling either on vacation or for business purpose worldwide. More and more travelers are now seeking a reliable insurance agent who can insure maximum travel risks. While looking for a suitable policy from a dependable insurance agent, misunderstanding regarding their coverage tends to be one of the biggest mistakes that they encounter. Instead of just making assumptions that may put you into trouble, it is recommended to ask yourself the following questions before buying a travel insurance. Will my pre-existing medical condition be covered? For proper protection while claiming and for ensuring sufficient coverage, clarifying your doubt is essential to consider additional coverage for unstable pre-existing conditions. These days, it is possible to cover such condition by buying additional supporting policies. Before buying the insurance, you will have to read your medical questionnaire thoroughly wherein you will have to reveal about your unstable medical condition. Did you know an incorrectly answered questionnaire can charge you a deductible of $5,000? Is travel insurance offered by my credit card? This is the most common doubt that all credit card holders have. A few credit cards do have health and travel insurance, whereas […]