How does travel insurance work

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Travel insurance
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How Does Travel Insurance Work? What Is Travel
Insurance? Tourists Purchase Travel Insurance To
Protect Against Unforeseen Events Such As
Inclement Weather, Sudden Business Closure, Lost
Luggage And Other Nuisances. Insurance Policies
May Even Cover Rare Occurrences Like Terrorist
Evacuation And Plane Crashes. They're A Security
Blanket That Could Save Time And Money In The
Long Run.
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However, some argue that travel insurance is
superfluous and a waste of money, pointing out
that many airline carriers cover lost baggage,
while credit cards frequently cover losses from
shuttered transportation concerns. There is also
the danger of scams from unscrupulous,
non-licensed dealers. Fine print problems exist
CNN notes that name ambiguity can shade
regulation and contractual guarantees. Travel
insurance may seem like a good idea, but it's
necessary to study the facts before buying.
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Tricky Travel Insurance Contracts Be sure that
what you're purchasing is actually a
state-regulated insurance plan. Steve Dasseos,
chairman of Tripinsurancestore.com, states that
buyers are often misled by policies called "trip
protection plans." These deals are anything but,
since they're not official insurance policies
with any sort of government policing. Look for
plans that are labeled by name as insurance
products.
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Read the fine print. Just like health insurance,
pre-existing conditions are a way for an
underwriter to deny coverage. This means that a
flight-induced anxiety attack that results in a
hospital visit in the middle of Paris won't
result in a refund of the hospital costs,
especially if the sufferer is under treatment for
mental health issues. Some companies issue
pre-existing insurance waivers, but those require
strict adherence to company regulations to apply.
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What Type of Insurance is the Best to Get? Peter
Greenberg, TODAY travel editor, states that
"while a majority of those who don't buy travel
insurance are familiar with flight and trip
cancellation insurance, many people are unaware
of travel health insurance, baggage coverage and
medical evacuation insurance. " All types of
insurance are not created equal, with some types
a bad value for the money.
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Flight insurance, sold at airports as a
high-priced add-on item, is usually considered a
poor investment. Trip cancellation and
interruption insurance is dependent on the value
of the trip being covered the more expensive the
cash outlay, the more necessary this policy is.
Travel insurance with medical evaluation coverage
is great for those that travel internationally.
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Lastly, baggage insurance is great if you dress
expensively. Otherwise, airline baggage coverage
will probably do. Keep valuables like jewelry and
computers on your person at all times to avoid
trouble and minimize the chance of loss. Source
http//www.ehow.com/how-does_4913534_travel-insur
ance-work.html
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