Travel insurance carriers release position statements when current events affect coverage. The following is a position statement from Travel Guard on the recent earthquake in Turkey. “Turkey experienced an Earthquake with a magnitude of 6 this morning, Monday 03/08/10 that caused destruction and deaths. Insurance would have to have been purchased prior to 03/07/10. Coverage for earthquakes would be [...]
Archive for the “Insurance Tips” Category
Do I Have To Insure The Total Trip Cost?
Most travel insurance plans provide coverage for trip cancellation and trip interruption. Normally, the amount of these two coverage benefits is based on the amount of trip cost listed in the quote. Trip cost should include all pre-paid and non-refundable expenses of the trip. This can include the costs of transportation, lodging, or entertainment so [...]
What If I Don’t Have Domestic Health Insurance?
Many travel insurance plans have emergency medical and dental coverage. This benefit will either be primary or secondary coverage. Primary and secondary determines what insurance policy is first to receive a claim. If a traveler does not have a primary domestic health insurance plan, then a travel insurance plan with secondary coverage will be the [...]
Travelex Supplier Restrictions as of March 11, 2010
Travel insurance companies can choose to exclude travel suppliers and destinations from coverage. The following are travel supplier restrictions from Travelex as of March 11, 2010. Please refer to this page for information about suppliers for which Travelex Insurance Services has restricted or eliminated coverage on the following protection plans: Travel Plus, TraveLite, Annual Multi-Trip, [...]
Is the Premium Cost a One Time Charge?
After getting a travel insurance quote on squaremouth.com, the premium cost listed is a one time cost. All fees are already factored into the premium amount that is listed. The coverage available is based on amount of time and number of travelers on the quote. By purchasing the plan at the premium cost listed, the [...]
Does Rental Car Damage Cover Third Party Liability?
Some travel insurance plans offer rental car damage coverage. This will cover the cost of the rental car if it is damaged by an accident, vandalism, theft or natural disaster. This benefit does not include any third party liability. This means that if there is an accident with another vehicle, the other vehicle and that [...]
Three Things Everyone Should Know About Health Savings Accounts
Millions of Americans are looking for simple ways to reduce their monthly healthcare spending without changing the quality of their lives – or putting their healthcare in jeopardy. While many Americans are researching alternative health options, it is important for them to take a closer look at Health Savings Accounts. On average, consumers can save [...]
Types of Whole Life Insurance Policies
It can be a little difficult, especially at first, to sort out all of the whole life policy options. While a life agent can help with the details, the fact of the matter is that it can be useful to go in armed with a little bit of knowledge to begin with. Once you’ve decided [...]