Find The Best Trip Cancellation Insurance For You – 5 Tips

Traveling is always safer and more fun when you are backed by travel insurance. Insurance is and always has been mostly about buying peace of mind before engaging in certain activities, like driving or traveling.

Typical insurance policies cover all of the expected things that can happen… well… unexpectedly while you are away, including: trip cancellations (by the carrier or tour agency), lost baggage, and medical expenses.

However, there is another type of coverage that is less commonly-purchased than all of these, and yet that some types of travelers prefer to buy: trip cancellation insurance that allows the traveler (rather than the carrier/agency) to cancel the trip for any reason before they embark.

If you are looking for the best trip cancellation insurance for you, here are 5 tips for landing yourself the best policy:

1. Determine what type of standard insurance coverage you will need:

Before buying your cancel-for-any-reason insurance policy, decide what other types of standard coverage you will need. For example, if you are going by plane, consider lost luggage insurance. If you are going to be in risky situations, think about medical coverage or even death-and-dismemberment coverage.

2. Figure out how often you will be traveling over the next year:

Next, determine how often you will be traveling in the coming year. Why? Because, you may want to consider buying annual travel insurance (ask your insurance agent or tour operator for more details).

3. Get a quote from the first travel insurance company – but do not buy yet:

Next, go ahead and request a trip cancellation insurance policy quote from your travel agent or insurance company. But, do not buy yet. Rather, use this opportunity to talk with the agent on the line (or via online chat) about the types of coverage options they have. Once you have a final list of desired coverage options and coverage limits, you are ready for the next step.

4. Request 4 more quotes from other companies:

Now you are in a position to request an apples-to-apples quote from multiple insurance companies. Be sure to insist upon identical coverage and coverage limit options to what you got from the first company. That way, you can easily compare quotes.

5. Before purchasing, search online discussion groups for positive or negative comments about the companies on your list:

Hold off on making your final purchase until you have had the chance to search online discussion groups. Find out what people are saying about the 1-2 lowest-quote insurance companies you found. Make sure you like what you read before buying the policy.

Take action on these 5 tips in order to find the best trip cancellation travel insurance.

Discover the Secrets of All Inclusive Vacation Packages and Simplify Your Vacation

You’re vacation is coming up and you’re backlogged at work with overdue projects and obligations. You’re running out of time to do research or make extensive searches on the Internet for the best flight times and accommodations.

You know where you want to go but that’s about it. You’ve figured out a budget that fits your time frame and your destination. You just want to hop on a plane, forget about the job for a week or two, kick back and have a good time.

Sounds easy. But who’s going to arrange it all?

What you need is a good travel agent and an all inclusive vacation package.

Any travel agent that’s been around the block can hook you up with a dream vacation in the form of an all inclusive vacation package.

You just tell the travel agent where you want to go and how much money you’re willing to spend. The travel agent takes it from there.

When I lived on the east coast I loved to travel to different islands in the Caribbean. Problem was, with the business I was in I could usually make my reservations only two to four weeks in advance.

So, I called Roberta, my travel agent, told her where me and my girlfriend wanted to go, and she came back a day later with several options. And they were all great.

Travel agents have inside information on all the best airfares, the reputable hotels and resorts, transportation choices, touring opportunities and information about the most popular tourist activities.

It’s as easy to arrange the all inclusive vacation package as it is to eat an ice cream cone.
Travel agents know where to look and how to book your vacation day’s activities, if that’s your thing. It can’t get any easier than that.

How to find a good travel agent

Shop around for a travel agent with a good track record.

  • If you have friends who have booked their vacation packages with an agent who lived up to their claims, go visit that agent. Interview them.
  • Look online for travel agents who specialize in all inclusive vacation packages.
  • Visit travel message boards and chat with other travelers. You can get some valuable leads there.

What does the all inclusive vacation package come with?

All inclusive trips cover everything, from airfare to accommodations, all the way through a guided tour of the Coliseum or a scuba diving excursion.

What to ask your travel agent before you go

Make sure to check on travel insurance and eventualities – like what you should do if you find your hotel room is unacceptable or overbooked.

Even though all inclusive vacation packages cost more than self booking, you are covered in case of a snafu.

Before you go ask your travel agent just what backup is available if you find yourself stranded. An experienced and reputable travel agent will have the answers for you and can handle any problems, should they arise.

Your travel agent can also advise you on the details needing attention before you travel. For example visas, passports, airport security, currency exchange rates, and more.

So, are you ready to pack your bags, kick back and party and enjoy some all inclusive travel? Then go for it!

Why That Dope Has Money and I Don’t

There’s a reason why some people have money and some don’t. Of course, I’m not counting getting laid off, family tragedy, a stock market collapse, that sort of thing. Those are things that are unpreventable. However, some people are savvy with money in ways others are clueless. Some multiply their money while others waste it. Some invest their money wisely, while others choose overly risky investments. Some establish multiple streams of income, and others depend only on that lone paycheck each week. Some find tax shelters and save on taxes, while others get eaten alive.

I own my own website on which I get cash back for everything I buy and commissions on everything friends, family, and acquaintances buy. You can buy almost anything on the site, including exclusive vitamin supplements, event tickets, flowers, insurance—plus you can shop from 700 department stores. In many cases, you also get free shipping. So I’m not only saving on items or services I purchase, but I’m also earning commissions on everything others buy on my site.

Not only that, but my site is also a travel booking site like Expedia or Travelocity, and is, incidentally, as user friendly and competitive price-wise as those sites. I am essentially a travel agent with all the benefits that includes. I save money on my own travel. I can take online classes with particular cruise lines and receive a free cruise. I earn commissions if acquaintances, friends, or family book travel on my site. I can set up group tours or cruises for great prices, and the larger the group, the greater the commission. And if I book eight cabins on most cruise lines, I get to travel free—sixteen cabins and I can take a friend or spouse free too.

But, perhaps just as valuable as earning nice commissions, as a travel agent, all my travel can be a tax write-off. Finding legit tax write-offs is a huge way that savvy people protect and save income. In the book Lower Your Taxes Big Time, Botkin writes, “If you were a travel agent and went to various cities and checked out the hotels, restaurants, accommodations, or meeting facilities, you would be able to deduct all your expenses and not even be subject to the 50 percent rule.”

Also, the organization of which I’m a part offers this huge buying/selling site free to non-profits: associations, charities, and faith-based groups. Many of these groups will accept such a freebie and promote it. You obviously don’t make any money up front, but you earn modest commissions on all the business they do through the site.

It’s a little sad. Many people who could be doing better financially fail to see the obvious benefits a business like this offers. But I find that those who are not desperate for income are often most likely to purchase this online business because they see how much money it can save them and earn for them at the same time. Go figure.

Don’t Risk It, Get the Protection and Security You Need With Travel Insurance

Let’s face it, getting travel insurance can be a very overwhelming and tedious process, making it easy to put off and even forget entirely. But before you head off on your international adventure, you might want to consider getting coverage through some travel insurance, just to be on the safe side.

With some luck, you’ll be glad it’s something you have and won’t need to use. But we all know that in life things happen, so it’s a good idea to find a travel insurance policy that fits your individual needs, travel agenda, and budget. Many travel agents and private companies offer travel insurance, and they have a wide variety of types and options to choice from.

What does Travel Insurance cover?

Basic coverage of travel insurance includes some financial losses while traveling, as well as limited medical expenses, including medical evacuation. The most common type of travel insurance is trip cancellation or trip delay insurance. This type of policy covers you and your travel companions in case you need to cancel, interrupt or delay your trip. However, the acceptable reasons for canceling or interrupting your trip will depend on the insurance policy, but most likely you’ll be covered for the following reasons:

o Sudden business conflicts
o Change of mind
o Delay in processing your visa or passport
o Illness or injury
o Weather related issues

In case your flight is canceled or delayed, travel insurance companies may provide additional coverage such as expenses that the airlines won’t cover, like taxi fares to the hotel or meals during your wait at the airport.

It’s also a good idea to have a plan with medical coverage of up to $1,000,000 in the case you become ill, need medical assistance, or have a flight accident occur. It’s also good to review the amount deductible by your insurance plan (this is the amount you’ll need to come up with before the insurance company picks of the rest). Make sure it covers repatriation (evacuation to your home country, rather than the nearest regional medical facility); make sure that does not mean you will be sent to the country where you purchased your travel insurance plan either, but your home country. If you’re planning a visit to multiple countries, make sure all the countries are included in the region covered by your insurance policy.

To learn more about these types of coverage and more specialized coverage, read The Basics of Travel Insurance.

To invest or not? How to make travel insurance work for me.

Purchasing travel insurance is great for insuring your money, should any unforeseen events pop-up, especially if you invest large sums of money on extravagant travel packages. To determine whether you want to invest in travel insurance your not, ask yourself these questions:

o Did you invest a lot of money into your travel plans?
o Are you traveling overseas?
o Which regions or countries are you visiting and for how long?
o Are you planning on participating in any extreme sports?
o Can you afford the cost of your trip back home if any emergency arises?
o Will you be able to afford medical care if you or someone you are with gets sick and needs immediate medical attention?
o How old are you and how is your overall health?
o Do you have any pre-existing conditions that need regular, special attention?

You can purchase your travel insurance for a single trip, multi-trip, or with an annual policy, all depending on how frequently you travel and the length of your trip. Comprehensive travel insurance can cost anywhere from 4% to 8% of the cost of your trip, depending on type of coverage, the length of the trip, the destination, and the age of the travelers. It is best to purchase your travel insurance between 7 to 21 days of purchasing your travel itinerary. Usually the maximum coverage period for insurance providers is for one year abroad.

Go through the fine print on your policy and check whether you will have to pay on the spot and redeem the money later for any medical expenses, or will the insurance company pay providers directly. If you have to claim it later on, you will want to hang on to all documents.

If you have a pre-existing medical condition, get an insurance policy that will specifically cover it. Also examine which adventure sports and activities the plan does and does not cover (rarely does it include scuba diving and hang gliding). Lastly, for your benefit, a policy that is flexible and can be extended while you’re already away is recommended. You never know whom you’ll meet, and you just might want to extend your trip.

Another good tip would be to get in touch with your credit card issuer before investing in travel insurance. At http://www.creditcards.com/, a credit card information site, suggests calling your credit card issuer to see if you have any free travel benefits that you may not be aware of, for example, insurance on lost or damaged luggage. However, according to USTIA, canceling a trip at the last minute and being reimbursed by your credit card company is the most common misconceptions among travelers. And sometimes credit card companies have limitations on only cover up to 3 months of travel. It’s worth investigating.

Lastly, if you have existing health coverage, it would be wise to get in touch with them before hand, especially if you will need vaccinations and other medicine for your trip. Depending on your health insurance plan, ask for a ‘travel packet’ and they will send you important information regarding your coverage, if any, while abroad. It might turn out you might already be covered for somethings, but not for others.

Where can I purchase Travel Insurance?

There are many sites and companies offering travel insurance online. Among them are leading companies such as World Nomads, Travel Guard, and InsureMyTrip, just to name a few. A new online resource called Squaremouth, helps travelers easily and instantly compare all the major travel insurance plans at one site. You’ll be able to get immediate quotes from several major, reputable travel insurance providers and compare policies and their prices. It’s a good starting point and one that you can trust.

Helpful Tips for once you’ve purchased your Travel Insurance:

o Scan your insurance policy electronically and save it somewhere securely online
o Make one copy for yourself to bring on your trip
o Make another copy for a trusted family member to keep at home
o Have the emergency hotline number accessible during your trip, but make sure you try it out before leaving home to ensure its operating and correct
o List out any medications you are taking (including vaccinations for your trip), and a list of allergies you have; keep this with your insurance emergency number
o Keep all receipts at home
o Review all the fine print in your insurance policy and determine which adventures you will be taking and which risks might not be worth it

Finally, get ready for a trip of a lifetime! Hopefully you’ll avoid ever using your insurance plan, but it will give you and your loved ones more security knowing you’re protected.