Holiday Travel Insurance Deals

Posted in Health Insurance

December 15th, 2009

Everyone chooses to celebrate the holiday season in their own, special way. If you are planning on a little R&R thanks to a last minute flight or cruise deal, purchasing travel insurance to provide financial protection “just in case” may be a wise idea. According to the U.S. Travel Insurance Association, consumers buy travel insurance for “peace of mind, protection against the unexpected and concern over losing the financial investment in a trip.” And it’s for good reason as you never know what can happen in a foreign place.

Travel Insurance Coverage Options

Travel insurance for life changing trips costing thousands of dollars, can easily be justified. Some coverage options include:

• Excess Valuation/Baggage Insurance: If you are preparing for your lifetime excursion and have loaded your luggage with every type of device for properly documenting the journey, this type of coverage is a must. It can be bought directly through the airline and will raise the minimum coverage the carrier will pay you for delayed, damaged or lost baggage.
• Cancellation and Interruption: Buying this type of coverage from an independent provider will give you financial relief in case the travel company goes out of business or if you have to cancel your trip unexpectedly. This type of coverage may also kick in to cover expenses such as accommodations, meals and new travel arrangements if the carrier changes your route unexpectedly.
• Medical Coverage: Every country has a different health care system and even though you may be covered in the states, your policy may not extend to your destination or even carry onto your cruise as many ships are registered abroad. With the right policy in place, the policyholder will get help immediate treatment and medical evacuation in case they fall ill.
• Non Refundable Ticket Purchase: Most the time, purchasing a non-refundable ticket or vacation package is the way to get the best price but there are risks involved. Even with the best of intentions, sometimes a change in travel plans or a complete cancellation of the trip is necessary. In that case, with this insurance you will be covered.
• Document Protection: If while abroad your travel documents are lost or stolen, this coverage can assist you financially.

When it comes to booking travel, a consumer’s best bet is to use a credit card. You should use a card to finance the trip, and even for the car rental. Credit cards typically provide a small level of coverage for flight accidents, rental cars or limited baggage insurance. The terms vary from provider to provider and sometimes an additional level of insurance may be desired.

Travel Deals

Right now, travel deals are plentiful and available. East Coasters can take a 7 Night Eastern Caribbean Cruise on the Oasis of the Sea, and West Coast folks can partake in a 7 Night Mexico journey (prices range from just over $1000-$3500 per person). For those who prefer land-based trips, the “Body Holiday” at the all inclusive LeSport Resort in St. Lucia (daily rate ranges averages $250 per person, airfare not included) may be up your alley. Whatever you choose, your grand total can cost thousands of dollars and only by protecting the investment with the appropriate level of travel insurance can you ensure that your holiday season is merry and happy.