Why Is Travel Insurance Important?
by Efefiong Akpan

    Travel is subject to unforeseen misfortunes, therefore the uncertainty constitute risks, which can be reduced if an average traveler has travel risks coverage; particularly when one can never predict how serious a loss might be. Travel insurance among other types, enables credit or cash compensation for such losses therein experienced.
    Accordingly travel Insurance is pre-arranged protection policy or cover offered or acquired for unforeseen problematic or harmful circumstances through a journey period. Travel problems usually include flight delays, loss of baggage, theft of money, health/ medical, even loss of lives. International travelers, especially tourists need travel insurance to help recovery from such misfortunes. A clear example was the loss of tourist lives in the September 11, 2001 terrorist airplane crashes into notable targets in the US, and the South East Asian Tsunami 2004, which may have affected with their called tsunami' impacts.

    Given the frequency of inconveniences away from home, there is a big advantage in a comprehensive travel policy, including air ambulance support, even contingent cash just in case. . In case of illnesses or accidents, the United States Health Maintenance Organization (HMO), for example covers overseas travels, making other covers unnecessary; but those on Medicare will certainly need special travel arrangement, from their travel agents.

   However accident insurance could also cover losses and delays, through 24hr medical support. Trips outside the US and Canada usually have covers of 100dollars per night. Chances are that you will have best foreign hospital treatment, if you worked closely with your medical protection provider. Therefore early payment for accident indemnity will assure you to travel or not to.

   To be self assured in addition to your travel insurance, airport signs must be subconsciously understood, given travel excitement, likely to obscure thoughts about luggage termini. This is the moment thieves exploit. Therefore aside from budgeting, a check list is necessary as it is better to be prepared than regret loss. Otherwise in any case of loss during travel, it is important to call while you are still away; and make available policy papers to have your claims promptly.

   Take note: foreign cash credit card withdrawals are usually treated as cash advance, subject to interest charges, meaning conversion loss, plus or minus 3dollars service charge. Finally with a well planned travel, there are chances you will a very enjoyable trip, especially in countries where services are either at the whims of service providers, or criminal preys. Especially in developing countries, where the service industry is not quite developed: you might end in wrong hands without proper airports identification.

http://www.helium.com/items/1226738-travel-uncertainty-is-risky

Insurance

Why Is Insurance Important? Do I Really Need It?

If you were to die could your family or dependants, pay for your funeral, organize the financial affairs, service pre-existing debt and continue their current standard of living without you? This is why life insurance is important.

If you were to be seriously injured could you pay for your hospital costs, ongoing treatment, time off work, pay the living costs for you and your family until you are fully recovered, if you are fully recovered?. This is why Total Permanent Disability insurance can be important.

If you are injured and are unable to continue working are you able to service your debtors and maintain any standard of living? This is why you need income protection insurance.

If you were to be in a car accident with two other cars and it was determined that the accident was your fault, could you go to a car showroom and buy yourself a new car, pay for repair or replacement of the other two cars and pay for the medical bills of the other drivers and their passengers? This is why motor insurance can be important.

If you are ill and need immediate treatment at a hospital but the wait is massive as the public health system is suffering lengthy delays and you deteriorate to the point that treatment is very costly. This is why health insurance can be important.

If your home is broken into and your possessions are stolen, can you replace all the items taken and pay for all the damage to the property caused by the burglars? This is why home and contents insurance can be important.

If you are running a business and someone is injured on your premises by falling over a step or is injured during a robbery, can you cover the cost of their medical treatment and any impending court costs and rulings? This is why public liability insurance can be important.

If your business fails to meet a loan payment due to a cashflow problem can you afford to pay the default fees, or find money to pay for other leasing contracts, staff, utility payments and rent? This is why business expense insurance can be important.

Insurance is generally low cost and the cost to cover all the above scenarios with insurance is far, far lower than trying to service them if they arise. Just one situation not going your way can far outweigh the cost of insurance. Are you willing to bet a 100% record?

At some point you will probably need to call upon some kind of insurance. The law of averages means at some point you may well get ill, or you will get burgled or your flight will lose your luggage or your car will crash, and you definitely will die at some point in the future.

Unless you are independently wealthy or have strong consistent income streams you may not be able to meet the level of expenditure necessary if you are sacrificing insurance.

http://www.insurancecompared.com.au/insurance.php