7 Things You Should Know about Travel Insurance ...

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Travel insurance is an interesting type of insurance as people are often divided as to whether it’s worth the money or not. These things to know about travel insurance are not designed to add to the debate or help you with sneaky little ways to find cheap travel insurance, but they are designed to help you better understand the subject in general. So take a look at these 7 Things You Should Know About Travel Insurance and become more enlightened!

1. Rental Car Null and Void

When people decide to take out a rental car, they will also take out some form of rental car insurance.

Good travel insurance covers exactly the same things as rental car insurance so why do you really need both?

The answer is that you don’t.

2. Cancellations

If you cancel your trip then you are certainly going to get at least some portion of your expenses back, but you won’t get the full amount back unless it’s for a very specific reason such as a natural disaster or you have been warned against travelling due to a terrorist attack.

You can purchase trip insurance that offers cover for any reason of cancellation but of course it is going to cost a lot more.

3. Travel and Life

One of the most important aspects of travel insurance is the medical cover it provides.

The last thing you want to think about when planning a trip is anything going wrong but it is best to be prepared.

One of the things to watch out for is policies that allow you to choose your medical care provider.2

Sometimes in developing companies, the nearest hospital may not be the best option.2

If anything serious happens, the cost of air ambulances from abroad is astronomically expensive and in the worst cases, even good insurance falls short of covering all the costs.

In the worst case scenario, should death occur, travel insurance at least provides some financial compensation for loved ones.

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