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Covers
any number of trips annually and automatically
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As
a fare-paying passenger traveling overseas
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Wide
range of risks travelers are exposed to are covered
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Emergency
Assistance is available 24 hours a day through call
centers
Everyone
is familiar with the "Take One" travel
insurance brochures and coupons at airports or travel
agency offices. However, because of the volume of trips
people are taking each year the insurance industry
decided to offer an annual policy to cover all trips
made during a policy year without the policyholder
having to declare each trip. This eliminates the need to
sign up for insurance before one travels as it is
automatically covered under the annual plan. Some firms
even purchase group plans for a number of their people.
For annual cover to be cost-effective, one should make
over 3 trips per year.
Most policies cover "overseas"
trips, i.e. trips taken as a fare-paying passenger on a
public conveyance from one's country of residence to
another country and back.
Cover per trip is often limited to 90 days. Some plans will
cover trips made over 100 Miles away from one's normal
residence yet within the same country provided the
public conveyance rule applies. Plans can cover whole
families year-round.
Items insured by the policy can vary from one
plan to another. Typically they all cover accidental
death and disability, medical expenses to include
medical evacuation and/or repatriation, hospital daily
cash, baggage and it's delay, personal money, travel
documents, travel delay, trip cancellation, and personal
liability. In some cases the insurance company can
modify inner limits if the standard item limits are not
acceptable. Expect
to pay an additional premium for any alterations.
For frequently traveling people annual
travel insurance is most convenient and practical. And
because of increasing competition the premiums being
charged are very reasonable. New is cover now for
seniors to age 75. The 24-hour assistance centers are
most valuable when a need arises in an unfamiliar
location. This plan is good value and should be
considered as part of one's financial plan and insurance
portfolio.
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