Three basic steps when considering purchasing travel insurance.
First, determine your needs. Can you afford the financial risk of losing your vacation investment if something goes wrong due to illness, weather, or other unforeseen circumstances? Also, does your health insurance cover you while in a foreign country? And if you become injured abroad, can you afford the cost of a medical evacuation? You may be surprised to learn that 50 percent of Medicare recipients may not be covered abroad.
Second, evaluate your current coverage. What is and isn’t covered by insurance coverage provided by your credit card or other existing policies?
Third, once you decide travel insurance is right for you, compare policies.
First, determine your needs. Can you afford the financial risk of losing your vacation investment if something goes wrong due to illness, weather, or other unforeseen circumstances? Also, does your health insurance cover you while in a foreign country? And if you become injured abroad, can you afford the cost of a medical evacuation? You may be surprised to learn that 50 percent of Medicare recipients may not be covered abroad.
Second, evaluate your current coverage. What is and isn’t covered by insurance coverage provided by your credit card or other existing policies?
Third, once you decide travel insurance is right for you, compare policies.
Nice post, People needed to be fully aware what these exclusion clauses apply to and avoid exposing themselves to the potential risk.
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