|
|
Additional
Resources
|
|
Cheap Car Insurance -- Young Driver, 7 Ways To Pay Far Less
By Chimezirim Chinecherem Odimba
Cheap car insurance -- Young driver, you can pay less if you understand a few things I'll discuss in this article. The fact that insurance companies charge you so much isn't because they hate young Read more...
|
|
|
|
dhyansanjivani.com
Below, you'll find extensive
information on leading life insurance policy articles and products to help
you on your way to success.
Why Take Out Travel Insurance?
By Greath Owen
It seems that many people in the UK ask themselves this question and conclude that there isn’t a reason to take out travel insurance. For a very few this may actually be the right conclusion, mainly those with enough money to cover any costs they may face, but for the vast majority of us, travel provides necessary safeguards against mishap on our journeys, whether for business or pleasure.
Below I will detail some reasons, but by no means all, for having a travel policy and possible consequences of not having one, but as everyone is different it is incumbent upon each person to make an assessment of their own needs in deciding whether they need to buy a travel policy or not.
The major expense you may face when abroad is the cost of emergency medical treatment, please note the word emergency as travel does not cover routine medical treatment or any treatment that the insurer considers could have waited until you return to the UK.
It does include the cost of transport to a hospital for emergency medical treatment, such as an ambulance, as in many countries the ambulance service is provided by private companies who charge for the service.
Most travel policies also provide for repatriation to the UK once the attending doctors consider the patient fit enough to travel and this can include the costs of a doctor or nurse to be flown out to travel with the patient on the return journey where necessary.
It should be noted, however, that most travel policies require you to notify the insurer as soon as possible if any treatment to be received is likely to cost above a set figure, and this figure can be as low as £250, in order to get the treatment authorised, failure to notify the insurer may invalidate any claim, so you must read the policy documents and familiarise yourself with the claims procedure. This is why it is vital to have a copy of the travel policy and documents with you when you travel. Always err on the side of caution and call the insurer’s claim handling number if you are unsure.
The range of cover available for emergency medical treatment included on a travel policy is often within the range of £1 million to £10 million.
Most travel policies include some cover for emergency dental treatment but often this is for no more than a few hundred pounds and usually only for treatment to stop pain, not for any remedial work.
Most travel policies, and especially the cheaper ones, do not cover pre-existing medical conditions, mainly because the costs to the insurers for claims by people without pre-existing medical conditions are significantly lower and, therefore, the insurers can keep the premiums down.
If you have pre-existing medical conditions you have a choice to make, namely do you buy a travel policy that will cover emergency medical costs arising from an episode that can be attributed, either directly or indirectly, to the pre-existing medical condition or not.
Bear in mind that you will only be covered on a travel policy for costs of medical treatment that require immediate attention, so you have to decide if your condition(s) is/are the type of thing that could flare up suddenly and require you to need emergency medical attention and I would suggest that you discuss this with your GP if you haven’t already.
It is not mandatory to declare a pre-existing medical condition to an insurer and pay the extra cost to have it covered, but if you choose not to you must accept that the insurer will reject any claim
Additional
Resources
Life Insurance: What, When, Where, Why And How
By Roger Kelley..
Why Should I Invest In Life Insurance?Having life insurance when you die could possibly determine whether of not your spouse and children will continue to enjoy the same good life that you've Read more...
|
Additional
Resources
Looking For Quality Cheap Car Insurance ?
By Calvin A Leonard
Let's dispell a myth, cheap car insurance for woman drivers is not really any different than cheap car insurance for men except that in some cases it might be a little cheaper or at least a little Read more...
|
We strive to provide only quality articles, so
if there is a specific topic related to insurance that
you would like us to cover, please contact us at any time.
And again, thank you to those contributing
daily to our life insurance policy website.
|
|
