Quotes on Car Insurance, Auto Insurance, Travel Insurance, Home Insurance and Life Insurance

Travelers Discover the Importance of Travel Insurance in Lieu of Terrorist Plots

Springfield, MO (PRWEB) August 12, 2006 -- In light of today’s foiled terrorist attacks in the UK, which have caused severe delays and cancellations at many airports around the world, travelers are becoming increasingly aware of the importance of travel insurance while traveling abroad. According to Derek Patterson, owner of eGlobalHealth Insurers Agency, LLC (www.eGlobalHealth.com), many people are not familiar with the types of coverage available and what best fits their specific travel needs.

Mr. Patterson informs that “travel insurance” is a broad term encompassing many product types. Short-term travel medical insurance and trip package plans are two of the most common categories of travel insurance.

Short-term travel medical insurance is designed to provide health insurance coverage for illness or accident and emergencies while traveling outside of your home country. Typically included in these plans are accident life insurance, repatriation of mortal remains and emergency medical evacuation along with other international assistance services.

Trip package plans, also known as trip cancellation/interruption plans, are primarily designed to reimburse you for non-refundable deposits you put down on a trip if you are unable to go, or are forced to leave early. They will also provide for some limited emergency medical coverage, accident life insurance and other travel assistance services as well.

It is important to note, however, that it will only pay out for cancellation or interruption if you have to cancel or leave early because of a covered reason. Travelers must therefore read the policy for benefits and exclusions or contact a travel insurance broker with experience in this area. Derek states that not all travel medical or trip cancellation plans are built the same and the general public must be informed about the choices they make before purchasing.

Unfortunately, if you are having second thoughts of traveling to Europe this weekend after the recently exposed terror plots, your trip cancellation insurance will most likely not refund you for trip costs due to cancellation or interruption. A disinclination to travel, or choosing not to travel because of fear, is not covered under most policies. It is typically stated that there must have been an actual act of terrorism that has resulted in loss of life or major damage to be considered a terrorist act and therefore eligible for reimbursement. If there were, in fact, a terrorist event, it must typically be within close proximity of your scheduled itinerary or destination city.

Most trip package plans also include another important component, baggage protection. Many travelers have routinely carried expensive equipment such as Blackberries, laptops and cell phones on board the plane. However, these items must now be included in checked luggage and if lost, stolen or damaged, can be very costly to replace. Be aware however, that there are many exclusions on what will actually be covered with trip package plans. Travelers should check their policy exclusions under the lost luggage or baggage delay section of their policy wording. Most insurance companies are currently not covering loss of electronic devices, but this may change in the near future due to these new airline restrictions. If equipment is lost and it is not included in your trip package, contact the airline that is at fault, or as a last resort contact your homeowners insurance company, as you may be able to claim the loss under that policy.

Accidental death and dismemberment (AD & D) is also usually included in the cost of any travel insurance plan, although with a minimal limit of between $25,000- $50,000. “Even though it is a grim thought,” states Mr. Patterson, “travelers should really consider what will happen in the event of your death while you are traveling abroad, whether on board a flight or on the ground at your destination”. Derek continues, “Many people either do not have any life insurance or not enough life insurance”. In case of death, there could be a substantial financial burden left upon a family should they not have supplemental accident life insurance. If you feel you need more accident life insurance, eGlobalHealth Insurers Agency is able to provide what is called High Limit AD & D which can be written for up to ten times your annual income (up to US$ 20 million). This particular AD & D plan can even be written for those visiting some of the most War torn countries on Earth.    

So, it appears that the airlines and the travel industry as a whole will be in another period of change after today’s exposed terrorist plots. Travelers need to have an understanding of what the possibilities are and protect themselves accordingly. A vacation can be a time of relaxation and rejuvenation; however, we have all been reminded today of the ongoing inconveniences and threats our travels may hold. The brokerage team at eGlobalHealth.com recommends that everyone traveling, whether for business or pleasure, fully understand the ins and outs of traveling in today’s quickly changing travel landscape.

eGlobalHealth Insurers Agency, LLC (www.eGlobalHealth.com) is a third generation international insurance brokerage firm. Tracing their beginnings back to 1941, the Patterson’s have helped insure thousands of clients in over 180 countries around the Globe. Their goal is continue to provide assistance and valuable resources to all global travelers who are becoming increasingly aware of the risks they face while living and traveling abroad. Also visit their newly launched visitors medical insurance site at www.VisitorMedicalInsurancePlans.com. Health and life insurance plans are underwritten by A rated Lloyds of London.

###

MORE ARTICLES:

Students Not Always Covered in Home Insurance Policy, Says Only Insurance
New research has discovered that some home insurance policies don't cover students when they move away from home.

2007 Third Quarter Auto Insurance Pricing Report from Leading Auto Insurance Agency, Insurance.com
Insurance.com, the largest online auto insurance agency in the United States, reports that car insurance rates are continuing to decrease depending on geographical location.

Home And Business Property Insurance Claim Help - Dealing With Your Insurance Company
Any time you have property damage to your residence, you have to go through your Insurance Company to recover money for your losses and to rebuild what was lost. If you are like a large sum of property owners, you walked away with a check from your insrance company with barely enough funds to cover half of the work that has to be done to get your home back in shape.

Individual Dental Insurance Plan - Supplemental Dental Insurance For Military Men
If you are in the military, your insurance will cover dental care This coverage will be assured during the time when you are still in active service

Family Dental Plan Insurance - Avoiding Delays in Insurance Claim
Considering the many safeguards that insurance companies are now putting in place to preclude errors in their settling of claims, you would find it hard to be paid your insurance claims if your claims are not put in good order You have to consider the risk the insurance company will be facing if they will just pay without fully verifying your medical claims especially now when fraudulent claims are on the rise

Whole Life Insurance | Whole Life Insurance Is Superior Then Other Life Insurance Policies
In most cases where people do not take up a life insurance and if you ask them the reason for not taking up the life insurance, you will come to know that people feel that investing money in life insurance is a dead investment and waste of money But that is not the case if you study and do a research, you will find that people generally get more then what they have invested

What Is The Difference Between One Way Insurance And Full Coverage Insurance
When traveling, especially when going abroad, it is often fundamental to have an insurance policy for your trip. When going to foreign countries that you often know little or nothing about, it is very important to do all you can to insure your trip goes as planned, with as few setbacks as possible. Unfortunately, unplanned events that are completely out of our control often come up, this is one reason why insurance policies are a necessary part of traveling. Whenever preparing for a trip, be sure to consult your travel agent about insurance plans and fees.

Affordable Health Dental Insurance - Supplemental Dental Insurance Plan
There have been many instances whereby insurances that include dental care will fail to fully support the expenses incurred for dental care of a family These would tend to create financial problems as the family would have to spend their own money or even borrow just to cover for the expenses created by the dental care of a family member due to insufficiency of insurance coverage

Combined Insurance: Consider Supplemental Accident Insurance and Disability Insurance During Safety Awareness Month
Safety Awareness Month an Ideal Time to Take Stock of Supplemental Insurance Protection

Florida Health Insurance Web Blasts New AMA's Health Insurance Proposal
"Do Doctor's or Drug companies get paid to keep you healthy? Or do they get paid to keep you sick?" Florida Health Insurance Web wants to know. With that in mind, Morgan Moran took a look at the new AMA health insurance proposal, hoping to find some shred of hope for Florida's residents, but Moran said, "It looks like more of the same from Washington" and "he'd like to look into the AMA's campaign contributions."

Florida Public Insurance Adjusters And Property Damage Insurance Claims
Florida Public Insurance Adjusters are growing in popularity throughout Florida. Whether it is hurricane, fire, flood or catastrophe damage, more and more home and business owners are finding it necessary to acquire the assistant of a Public Adjuster because of underpaid property damage insurance claims.

Business Insurance Now Teams Up With Philadelphia Insurance to Offer Colorado Insurance Brokers Coverage
As one of the most knowledgeable and extensive providers of small business insurance on the Internet, Business Insurance Now has currently teamed up with Philadelphia Insurance in order to provide coverage for all individual Colorado insurance brokers.

Take Stock of Life Insurance Coverage During Life Insurance Awareness Month
Leading Supplemental Insurance Provider Stresses Importance of Assessing Life Insurance Needs

Kwik-Fit Insurance First UK Car Insurance Company Offer Motor Insurance e-certificates
Online Car Insurer agrees deal with solutions company SSP to deliver fast online certificates for web users.