|
|
|
Colorado travel guide
A Google search of the word ‘Colorado’ reveals a list of websites ranging from the website of the Government of Colorado to the websites of various educational institutions and universities. Among the diverse tourism websites mentioned, the one that...
Four Ways to Free/Low cost Travel Around Greece...and not only!
FOUR WAYS TO FREE/LOW COST TRAVEL AROUND GREECE...AND NOT ONLY! By Liana Metal 1.Free lodging! Find a pen friend. Maybe you haven’t thought of this. It’s the best solution to your budget problems, but you can’t have it overnight! Greek people are...
Jasper – Travel to Canada’s Rocky Mountain Paradise
Mention the Canadian Rockies, and most people instantly think of Banff. As the main tourist destination in the Rockies, Banff is very much a commercial town geared to tourism. But for those who like their Rockies a little quieter, 250 kilometres...
Travel Kashmir at cheapest price
Set like a jewelled crown on the map of India, Kashmir is a many faceteddiamond, changing character with the seasons - always extravagantly beautiful.Three Himalayan ranges, Karakoram, Zanaskar and Pir Panjal - snow capped,majestic, frame the...
Travel To Russia - Kamchatka
Among the mysteries of the Russian language there is an expression "Sitting on Kamchatka" which in school slang, this idiom means, "to sit in the back row of the classroom, far enough from the teacher's strict gaze. This geographical idiom...
|
|
| |
|
|
|
|
|
|
Is Purchasing Travel Insurance Smart?
To answer the question "is purchasing travel insurance smart?" let's look at what insurance is.
When you purchase insurance - health insurance, homeowner's insurance, car insurance, life insurance, or travel insurance - you're not making an investment. It's not the same as going to the bank and depositing money and expecting to reap financial rewards at some point. No, any insurance including travel insurance is about sharing risk in case of unforeseen catastrophic events.
For thousands of years, risks have been shared during times of tragedy. The first formal insurance company, Lloyd's, was formed in 1769, and their insurance concept remains today - to gather the premiums of clients as a pool of resources to return to clients who experience covered events.
Is purchasing travel insurance smart for you, then? Do you need a pool of resources from others' premiums to help you out in the event of a travel emergency? Or can you take care of any unforeseen circumstance on your own? It's not just about money, either.
To decide if purchasing travel insurance is smart for you, let's take a look at just a few of the things that could happen while you're traveling.
It's your first time in Europe and neither you nor your spouse speak any foreign language and your wallet is stolen. Your credit cards, your airline tickets, your passport and your money are all gone. What do you do now? Money may not be
the primary problem here as you can always call your bank and have a wire transfer completed. Or can you? Do you know the international rules and capabilities for this? Where are the banks and do the tellers speak English? What about replacing your airline tickets? What about money to get to the airport and check out of your hotel? Your passports are the primary issue probably. They took a very long time to get. Now you can't get out of the country without them. Where do you go to replace them? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"
Your child is involved in an accident and must have medical assistance but you find out your insurance does not cover you outside of the United States, and medical care is not adequate where you are anyway. How do you get your child back to the United States for medical care? If you had known this was going to happen, how would you have answered the question, "is purchasing travel insurance smart?"
So, to answer the question, "is purchasing travel insurance smart?" consider what could happen while you're abroad and determine if you might be grateful for outside assistance.
About the Author
Steve Cogger, an active traveler, has developed http://www.1-Happy-Traveller.com for your convenience. Visit today for all of your travel insurance needs.
|
|
|
|
|
|