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Advice about travel insurance
November 2007
If you’re one of the many millions traveling this holiday season, you might consider the benefits of travel insurance.
According to the U.S. Travel Insurance Association, consumers last year spent $1.3 billion on travel insurance covering more than 67 million people n a 20 percent increase since 2004.
Travel insurance does the most good when purchasing a vacation package or flying long distances and overseas when weather and other unforeseeable problems can ruin the trip.
The following are a few options to consider when shopping for travel insurance, as well as Better Business Bureau advice to help you decide what’s right for you:
Lost, delayed or stolen baggage n baggage-loss insurance reimburses you for lost, stolen or damaged bags. You can also get coverage for costs incurred if bags are delayed en route.
Advice: To avoid any overlapping, check the airline’s policy for lost and delayed baggage, as well as your homeowner’s insurance policy.
Trip cancellation or interruption n this covers you if your plans suddenly change and you have to cancel or end your trip early. But it will only reimburse you for reasons on the insurer’s acceptable list, such as hurricanes and other inclement weather, injury, sickness or death.
Advice: Make sure you read the fine print and know exactly what events are eligible for reimbursement.
Emergency medical insurance n if you become sick or injured while traveling, your personal medical insurance will likely pick up the cost of your medical bills. However, if you are traveling to a remote area, it may be wise to buy emergency medical evacuation coverage. If adequate treatment is not available at a local hospital, you would be transferred to the nearest adequate medical facility.
Advice: Check your health insurance policy first, as it may be sufficient. Keep in mind that some travel policies will not cover preexisting medical conditions. Be sure to clarify whether certain aspects of your policy apply only to you, or also those covered by your policy and traveling with you.
Source : http://www.jacksonholestartrib.com
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