Best Travel Insurance

The concept of travel insurance is a contract of indemnity, wherein the insured person is protected from all kinds of risks that may arise in cases where he or she is traveling. Now there are several terms and conditions regarding the application and applicability of travel insurance, its premium, time span and coverage. The general convention is the premium of the policy is one paid and the coverage lasts from the start of the trip to its end.

About Travel Insurance Plans and Policies

One very harsh truth, that all of us have to accept, is that when we travel, there is an inevitable risk. Accidents, falling ill, theft of baggage and getting lost, arrested or abducted are just a few of the many risks that can arise in the due course of travel. Fact is, risk is inevitable but a travel insurance can easily get us out of trouble in cases where accidents or some problematic event does take toll. A travel insurance specifically, includes certain medical, emergencies and financial expenditures that can arise as a result of some or the other undesirable incidence. The insurance policy categorically ensures that you reach home safe and sound.

The mechanism of travel insurance policies tends to differ from case to case, or from company to company. In most cases, as mentioned above, the premium is paid once coverage lasts for the duration of the travel. The premium of the policy differs in accordance with the age, distance and destination, ailments, etc. Businessmen frequent flyer's and corporates tend to have a comprehensive travelers insurance that extends to some years. Travel insurance, which involves flying, is also known as aviation insurance. Typically the best insurance plans tend to cover medical expenditure, expenditure related to emergency, evacuation, emergency flights due to medical emergencies, legal assistance, government and immigration related expenses, custom and tax related difficulties (note that these two expenses are applicable, only in cases where the expenditure is unexpected and applicable only in cases where the insured person had no knowledge of the expenditure), delayed departure expenses, emergency communications, etc. Some important variants of this insurance include, trip cancellation insurance and international health insurance for travelers both of which are available globally.

Best Travel Insurance: Reviews

In real life there is nothing such as a 'best' travel insurance policy as every insurance policy is bound to have some or the other drawback. Hence in such a situation, you will have to consider some other facts, such as, premium, coverage, and most importantly ratings. A. M. Best is a firm that looks after a rating model of most insurance companies and also their policies. Hence, if you want the best companies that provide travel insurance, you will have to take a look at the ratings of A. M. Best. Financial ratings by this company include A++, A+, A, A-, B++, B+, B, B-, C++, C+, C, C-, D, E and F.

Travelex Travel Insurance (A+), Travel Guard (A) and Travel Insured (A) are the three prominent companies that are rated by A.M. Best. Here are some of the best travel insurance policies:

• The first one is a policy by Travelex Travel Insurance and is known as 'Travel Basic'. Travel Basic is a $15,000 sickness insurance coverage plan and also covers $15,000 worth of accidental assistance. In addition to that, it provides $100,000 for emergency evacuation coverage and $500 for lost baggage. Travel Basic is a travel insurance policy for families on a vacation, or people who have a tight budget for travel.
• The second one is My TravelGuard, by Travel Guard, which covers a wide number of sub-coverage. This include medical assistance and individual health insurance coverage in slabs of $10,000, $25,000, $50,000 or $100,000. A coverage for theft of luggage again in slabs of $500, $1,000, $1,500 or $2,500, plus a medical evacuation coverage in $100,000 or $1,000,000 slabs. The specialty of this insurance policy is that you can choose the slab that you find most convenient and also useful. People who want to have flexible coverage can choose these slabs.
• Another company, Seven corners provides RoundTrip to vacationers. It provides $50,000 emergency medical insurance coverage, $1,000 coverage for baggage theft and a very healthy $250,000 for medical evacuation.
• CSA Travel protection provides a very good insurance policy known as WebDirect. This policy carries $50,000 coverage for emergency medical assistance, $1,000 coverage for delay and $1,000 for baggage theft or damage

Some of the other insurance companies that provide very good travel insurance include MH Ross Travel Insurance, Access America and HTH Worldwide. Note that, to get travel insurance, you will have to obtain quotes, as in case of these policies the quotes differ from person to person on the basis of several factors such as age, income, medical condition, health, destination, etc. In some cases where the person is very old, or has quite a fragile health, the coverage is simply denied.