Interesting articles about insurance
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Is your Travel Insurance in order?

Everything you need to know about travel insurance

Why do we need travel insurance? Travel insurance protects travelers against adverse events such as cancellation and interruption of travel. It reimburses the traveler regarding medical expenses incurred, loss or damage of property and transit delays.

How can you make the most of your travel insurance?

There are four main categories of travel insurance, namely Health & Medical, Delays & Cancellation, Death and Damage or Loss of property.  

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Health Cover forms part of Travel Insurance

Emergency evacuation: Guarantees emergency transportation to either a local hospital in the event that the traveler is unable to use own form of transport. Another option is to have the traveler transported to a hospital closer to home.  If family members are covered on the same policy, they can also travel back to their home destination with the patient.     

Medical reasons: Reimburses emergency medical and dental costs incurred by travelers. The majority of holiday insurance policies reimburse the traveler after they have paid locally for treatment. Medical claims are usually paid within 7 – 10 working days. Pre-existing medical conditions are covered by most policies if the policy is purchased within a maximum period of 21 days from the date the traveler made the first payment or deposit.

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Airport Delay

Cancellation: Reimbursement comes into effect if travelers have booked and paid for a holiday, but are unable to follow through with their plans due to personal illness or injury, death of either the individual or a family member, adverse weather conditions, transport strikes, terrorism, sudden unforeseen unemployment or by sustaining serious damage to their home caused by a natural disaster. 

Delay: Travelers are reimbursed for hotel, food or clothing expenses in the event of a flight delay. 

Interruption: Insurance companies usually reimburse travelers abroad if they have to cut their trip short due to illness, death, terrorism, weather, airline strikes and other adverse conditions. These conditions refer to events outside the control of the traveler.

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Airplane medical emergency

Accidental death: Covers death or dismemberment at any time of your trip.

Air Flight accident: Covers death or dismemberment during an air flight only. 

Common carrier: Covers death or dismemberment of the traveler while traveling on public transport such as a plane, ferry, train bus or taxi.

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Tag your baggage properly

Baggage loss: Reimburses a traveler for lost, stolen or damaged personal items. This coverage is usually not confined to baggage damaged or lost by the airline, but covers the duration of the trip. 

Hire Car damage: Reimburses travelers for damage or loss to a rental vehicle. Liability coverage should still be purchased through the car rental company. 

Assistance services: Guarantees a 24-hour telephone advice and assistance service to travelers. This service can be used anytime a traveler needs advice. Be sure to keep this number in several places in your luggage or on your person when you move around.

We trust that these travel insurance guidelines will alert you to the issues you should address when taking out travel insurance for your next trip.

Bon Voyage!

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Cancer insurance is an optional supplemental health insurance to assist in managing the risks of cancer. As a relatively new trend, it is meant to ease the costs of cancer treatment and therefore financial support to the policy holder. Support that is based on the terms of a policy. Premiums will depend on the risk related to covering the disease. Cancer Insurance emerged only around 50 years ago to meet demand coming from cancer sufferers.

Cancer insurance is not intended to replace standard health insurance coverage but to supplement such insurance by giving cover for a disease that often results in high medical costs. In recent years, new areas of cover developed such as uterine cancer and breast cancerin males. There are many types of plans that cover various forms of cancer.

 

Benefits of Coverage

Cancer insurance policies typically offer wellness benefits to help those suffering from cancer or at risk, to change to healthier lifestyles. These benefits can offer financial support for programs such as tobacco cessation, gym memberships, and dietary changes.

The insured may get access to information regarding healthy lifestyles and to wellness tests for early detection of disease. These tests include mammograms, Pap smear tests, colonoscopies and others.

The benefits are often designed to diminish the effects of cancer or encourage the prevention of it. Benefits differ amongst companies. Many benefits relate to medical expenses, which may include cancer treatment. Other benefits relate to non-medical costs such as transportation, food, home and child care and certain bills.

Coverage Concerns

Because of the risks of serious health issues such as cancer, Health Insurance companies often exclude coverage. Standard health insurance policies do not offer coverage for cancer. Therefore supplemental insurance policies, designed to cover cancer, will be useful. Eligibility to qualify for cancer insurance, vary from insurer to insurer and could sometimes pose a problem.

Some myths regarding cancer insurance are:

  • If I get sick, my policy will be canceled; which is untrue. As long as you pay the premium there is no reason to cancel your policy.
  • I have to use special health care facilities. This only applies to your health insurance, never to supplemental coverage
  • If I’ve had cancer before, I can’t get this plan, which is also far from the truth. If you’ve been cancer free for at least 5 to 10 years, you can apply for approval.

 

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This article originally posted on http://insuretodayblog.com/and re-posted here with permission.

 

Ref.:  http://www.cancerinsuranceinfo.com/

         http:// en.wikipedia.org/wiki/Cancer_insurance

 

 

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