What’s the difference between an underwriter, administrator, and agent? In the world of tangible goods, you have a manufacturer, a distributor, and a retailer. The manufacturer designs the product and decides what materials to use in making it. The distributor negotiates prices with the manufacturer and arranges for the product to be sold by retailers. […]
Medical coverage vs. Trip cost coverage
In the world of travel insurance, there are two basic types of coverage. Medical expense coverage. As the name suggests, this will provide coverage for your medical expenses while outside your home country. If you break a leg, or get sick while traveling, this is the coverage you would want. Go to the hospital, give […]
What about my baggage?
When many people think of travel insurance, they think of canceled vacations and lost baggage. The medical coverage offered by package policies is almost an added benefit, especially if you are traveling in your own country. Travel insurance companies offer what is called a package policy, which includes some travel medical, trip cost, and medical […]
Glossary: Pre Existing Medical Conditions-Travel Insurance
Legal Version: A pre-existing condition is defined as any injury, illness, sickness, disease, or other physical, medical, mental or nervous condition, disorder or ailment that existed at the time of application or during the past duration(specified by each insurance plan) prior to the effective date of the insurance, including any subsequent, chronic or recurring complications […]
Who is eligible for travel insurance?
Eligibility for different travel insurance policies can vary. Most people traveling from the US can buy a policy online with guaranteed acceptance, no medical exam, no waiting; just print it out and go. Foreign citizens may experience more limitations on policies that will cover them in the US, but usually there is some level of […]
Recent Egypt bombing raises concerns about terrorism coverage
Is terrorism covered by travel insurance policies? It depends. Over the past 5 years since 9/11, many insurance companies have addressed terrorism coverage in their policies. They will provide coverage for trip cancellation if there is a terrorist incident in one of the cities on your itinerary. As always, read the policy certificate thoroughly. You […]
Accidents caused by alcohol not covered by travel insurance
Will I be covered by travel insurance if the injury is alcohol related? No. This is a standard exclusion in travel insurance policies. Basically, it states that injuries or losses suffered while under the influence of alcohol (or drugs) are excluded from coverage. It only makes sense that an insurance company needs to exclude injuries […]
Who uses travel insurance?
Who uses travel insurance? Any traveler could use travel insurance. That’s not to say everyone needs it, but every traveler and every trip type has an element of risk. Many people only think international travelers or safari adventurers can benefits from travel insurance. The truth is, most policies are sold to everyday travelers going on […]