5 Types Of Travel Insurance Policy

By Author: Augustine Starcic
Total Articles: 10
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Leaving the country, or staying in the country but moving around, we are all after sufficient insurance cover knowing that if something goes wrong, then there is financial back up to rectify any potential mishap. You''ll want covering for illness, for any loss, damage or theft of property, and also for other important aspects such as delayed baggage upon arrival abroad.

There are alternative insurance packages in the marketplace for the various types of trip you could possibly be taking. Anybody going abroad should make themselves aware and think in advance of where you''re going, what activities you could be doing there and for what duration.

Holiday Insurance is specific cover for a one off trip which will not cover any time which falls outside of that. This is conveniently available through the agency you booked your travel through but is more than likely to be on the basic side, so you are advised to go to a specialist travel insurance company in order to compare quotes and services.

Annual Travel Insurance is if you go abroad more than once a year, or indeed are taking part in various types of travel ...
... throughout the whole year. This type of package is designed and formulated for this purpose so you don''t need to buy holiday insurance with every trip that year. That of course would be unnecessarily costly in the long run, and wholly impractical over the short term.

Backpacker Insurance is not quite the same as it is designed for the roaming trekker who is abroad constantly for an extended period of time. Flexibility exists within the policy to extend cover if the need arises and sports cover is also included covering certain activities.

Winter Sports Insurance does not come without specific rules. Skiing is not covered under medical costs in policies, but could be included as an added premium. Cross country skiing with a guide is provided for, but if this activity becomes competitive then cover is invalid. Always check the fine print as policies differ, but this is a typical example.

Some Business Travel Insurance offers endless extras in terms of what''s covered but other companies have a far more basic approach in order to keep their costs down to win their market share. For example, basic cover will only include business equipment under a pre agreed limit. Money, both personal and business should be covered also, and another important aspect available here is Replacement Personnel, relevant for when something goes wrong with the first person.

More travel insurance''s are available, such as for gap years, and for things like airport parking and diving. It is recommended that you undertake research into any destination you may be wanting to visit in order to prepare yourself for when you do have to start looking at the finer detail of the policy. Augustine Starcic recommends that you always take out annual travel insurance.