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Friday, July 3, 2009

Benefits Of International Travel Insurance Coverage

By Ray Sondeo

There is always a direct relation between the duration of your journey and the number of things you take along with you. You may rush for last minute preparations while planning for a trip abroad. You may even scratch your brains to get everything right. International travel insurance is one right thing that should accompany you in your journey abroad.

US as well as non- US citizens get medical insurance from their international travel health insurance. Companies possessing outstanding A.M. ratings such as Lloyds, AIG, Nationwide, etc. underwrite travel insurance plans.

The risk of accidents increases with the increase in frequency of travel. Moreover, illness or accidents are uncertain. Insurance for international travel takes care of all your financial difficulties incurred due to a medical emergency. It offers a comprehensive package policy for international travelers including medical expenses, as a result of illness or personal accident.

Trip cancellation charges are also provided by some policies, besides covering the usual medical expenses. The non-refundable part of the cost of your trip would be reimbursed by your policy in case your trip is cancelled due to some reasons. You will have to purchase an Worldwide travel insurance policy before the beginning of the trip. It would be best if you purchase it just after making the first payment for the trip. The policy gives you other coverage such as cover against loss of baggage or passport, air ticket, medical reparation or evacuation, transport cost to and from the hospital, hotel charges in case your flight is delayed etc.

A PPO (preferred provider organization) network is followed by most travel insurance policies in the US. Cashless claim settlements are done with the help of the PPO network and therefore it is very beneficial. By simply filling up a form, after or before starting your journey, you can buy such travel insurance policies.

A wide range of deductibles is offered by the travel insurance companies, besides a wide variety of policy plans. Short-term deductibles range between $0 to $2.5K, while long-term deductibles range between $0 to $10K. The preferred level of coverage and the length of coverage required determine the insured amount. For short term the amount can be up to $ 1 million while for the long term it may be up to $8 million.

It is important to find a policy that fits your budget and needs. Comparison between different policies by experts is readily available online. The reliable and advanced research system enables comparison of Worldwide travel insurance policies with prices and benefits in just a few clicks. You can buy travel insurance online as well as get the insurance documents emailed to you.

Even though you are away from home, your traveling related necessities are fulfilled by your travel insurance. It will help you against spending a fortune in an emergency. If you want a trouble free trip then make sure that you purchase travel insurance policy.

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