The above explained term is one of the most overlooked aspects of preparing for a trip. It is most important to get a right insurance cover. By choosing a wrong policy you will not be covered – so be aware that what you are covered for and what you need to arrange separate insurance for. Visiting a foreign country on a short city break is of very low risk and you might well be covered for medical expenses by national reciprocal agreements, in the same way. So the travel insurance recommended by the traveling agents is extremely expensive, due to commission plus administrative costs.
Basic Guide to Travel Insurance
EXCESS: it is the initial portion of any insurance claim, which a policy doesn’t cover. If you have an excess of $50, and claimed for $300, then you will receive $250 since you would be responsible of paying the first $50 yourself.
REPATRIATION: the act of returning to the country of origin. Returning you to your country of residence, with regards to travel insurance, and a as result of accidental injury or illness.
ANNUAL MULTI-TRIP: It is not often suitable to live away from your country of residence for long periods, so insurance for multiple trips during a year, limits the number of days you can be away from your home.
SINGLE TRIP POLICIES: for a specific period of time, covering a specific destination.
WINTER SPORTS COVER: snowboarding and skiing are the potentially risky winter sporting activities are covered under this field. Here some policies are quite restrictive in terms of off-piste skiing.
PRE EXISTING MEDICAL CONDITION: the insurance companies are needed to be informed about any pre-existing medical condition. They will not cover you or even increase the cost, you may not be covered if you don’t inform them and something unrelated happens. If they can find a technicality on which to avoid paying out, be upfront about everything with the insurance companies, they will.
PERSONAL LIABILITY: it is the legal liability for accidental injury to a third party and/or accidental damage to their property.
Good article, very informative!