Travel Insurance for the Frequent Flyer

As a frequent flyer, you might already get perks from your credit card company that help defer certain expenses such as airplane tickets, hotel rooms, rental cars, and complimentary meals. Frequent flyers are constantly bombarded with special treatment and privileges because they are a niche population that are attracted to what could help them save money any way possible. They become quite knowledgeable in all of the perks and amenities that they are privy to because they are frequent flyers. However, as someone who constantly has to take flight for business or pleasure, information should also be shared with you regarding a way you could protect yourself, your money, and your family. Frequent flyers might learn a whole lot about what they could get for less or even for free, but they are not always educated on travel insurance, which could turn out to be much more valuable.

If you need to gain insight regarding insurance for travel, then you should definitely research multi-trip travel insurance and annual travel insurance. As its name suggests, mult- trip travel insurance covers multiple trips in one year. Instead of buying one insurance plan for every trip you take, you could save money by purchasing one multi-trip travel insurance plan for all of the trips you have to take. The benefit of this kind of insurance plan is that it offers trip cancellation benefits in case, for any reason, you are no longer able to go on your business trip or vacation. With this benefit, a percentage of the cost of your airfare could be reimbursed.

Depending on the coverage that you choose for annual travel insurance, you could have a plan with medical coverage, medical evacuation, and repatriation. Accidental death could also be covered. If you happen to pass away in an airplane accident, then the named beneficiaries on your insurance plan would receive benefits that will help them with any outstanding debt you might have had. It would also give comfort to your loved ones who would not have to stress over how they are going to make ends meet if you are no longer with them. In the same manner, if you become injured in a flight accident, you and your family could receive some benefits if you are disabled and unable to work.

As someone who is always flying, being insured will give peace of mind to you and your family if something were to happen. Whether you become injured or pass away, your family will be grateful that you did not leave them in a financial hole without money to help them with funeral arrangements, hospital expenses, or money to help pay bills if you are no longer able to work and earn a steady income. It is already stressful enough to have to always leave your family members behind when you travel frequently, and so you and your loved ones should feel as comforted as possible, knowing that you have taken important measures in insuring yourself in case of an accident.

Considerations of Travel Insurance

We all know travellers all have one thing in common: a need or desire to explore new destinations. But from first-timer backpackers to business travellers to families or seasoned adventurers there is another common denominator: they’re all human and, as such, are at risk of the vagaries and foibles of this wonderful world. Accidents happen, luggage gets lost and flights get cancelled, but if you’re planning to embark on just one trip abroad during the year, a simple single trip travel insurance policy can guard against the financial woes of any of these things.

Don’t think you don’t need it

Many insurers offer single trip travel insurance and can tailor it to a two-day break in Paris, a conference in Europe, a trip to see family in far flung places, or for the annual family holiday in the Spanish sun. But it is just as essential and easy to tailor for winter sports trips to Europe during the ski periods, for example.

Knowing you have cover provides peace of mind and enables you to get on with your holiday; because it is just a single trip travel insurance policy, it is not only cheap, but very effective as well. It also covers the possessions you are taking on your trip.

Just how much will it cost?

For most people, single trip travel insurance policies can be bought for as low as £4.95 for travelling to Europe or just £8.67 for a trip to Majorca. The bonus is that even at such low prices, the policies can include several free aspects, such as cover for children, golf equipment, car hire excesses and for those going on cruises.
How do I choose?

Some of the best tips for seeking a good insurer for such a policy range from quality of service, speed of dealing with enquiries, ease of getting in touch with your insurer and the clarity of advice they provide.

For any policy, the general advice is always to read the small print and question any information you are in doubt before agreeing to the policy. A decent insurer will give clarity on any information a potential policy holder has queries about.

Good insurers will be available to the general public 24 hours a day, seven days a week, and will usually have a bank of employees who are fluent in the language of the country you are holidaying in.

Having an appropriate policy puts you in control when you have to confront a crisis, such as huge medical expenses. Check with your insurer for limits that apply to the cost of treatments and operations in hospitals abroad as well as the expenses for a stay.

Even taking a business trip abroad can be a big step if you are travelling alone, but taking out good coverage will give you peace of mind, which will enable you to conduct your business efficiently and with no worries.

For a family holiday a decent umbrella policy to cover the entire group is the best option, as it can cover all those unpredictable elements of a holiday your could encounter – whether it’s a traffic accident, a trip or fall at your hotel, or even a loss of luggage.

How Can Travel Insurance Be Beneficial?

Why do you need Travel Insurance?

When you go on a trip there are many things that you need to plan, like where you should go, what you should pack, what are you supposed to do once you get there. However, no matter how well you do your planning; there are somethings on which you cannot have your control like and these are the exact things that travel insurance covers:

  • Your flight may get cancelled.
  • Your luggage may get lost, which may also be having your medicines or prescription in it.
  • Your wallet and passport may go missing, and you may need a passport replacement and emergency cash.
  • You may meet with an accident and do not get any medical attention.
  • You may need to cancel your tour due to unavoidable circumstances.
  • Your tour operator, airline or cruise line may become bankrupt. In such a case you will need the non-refundable costs covered and reach your destination.
  • You may fall ill in a foreign land and need immediate medical attention.
  • A natural disaster forces you to leave your hotel.
  • A terrorist attack happens in the city you have planned to visit, forcing you to cancel your trip.

What are the different types of Travel Insurance?

Depending your unique circumstances there are different types of policies that you can choose from. The different circumstances may include the length of your trip, the people you will be travelling with, the activities that you will be performing while on the tour, etc.

Now let’s have a look at the different coverages that you can opt from:

Single Trip Travel Insurance

As the very name suggests, this policy covers you only for a single trip. You can use it for yourself or your family by buying it before you go on each trip. This can be expensive depending on how often and how many of you go on a tour.

Annual Multi Trip Travel Insurance

Under this you can travel as many times as you want for the particular span of time during which the policy is alive, which is possibly a period of 12 months. Hence, if you are a frequent traveler, this can be cheap for you.

Some users restrict the number of trips that you can have, while others do not have any such provisions.

Worldwide Travel Insurance

If you are planning to tour two or three continents then you may need this type of policy. You will not need this cover if you are willing to tour only Europe, but if you plan to tour Australia, America and New Zealand as well. Such a policy may be apt for a backpacking tour or a gap year, if it is bought as an annual policy.

Winter Sports Travel Insurance

This type of cover is needed if you are planning to go for a snowboarding, skiing, sledging trip, etc. This policy however, charges a high premium because it is extremely probable to get injured while being on such trips.

These are only a few main types of trips; there are several other types of insurance policies that you can pick and choose from. The idea is to have a travel policy, rather than touring around vulnerable to financial disasters. Insurance is mandatory while you rent a car as well.