What is the difference between travel insurance and travel medical insurance?

Travel insurance usually includes trip cancellation, trip interruption, baggage loss and baggage delay in addition to medical and medical evacuation. There are often limited or no deductibles and must be purchased prior to departing for your trip. If you are traveling 30 days or less, travel insurance is more comprehensive and often more economical.  Travel […]

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Will my travel insurance pay for medical bills upfront?

Most travel insurance policies are reimbursement. This means you may have to pay for services and file  a claim with the insurance company for reimbursement. However, an insurer will usually advance a payment to secure your admission to a hospital because of accidental injury or sickness.

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What happens if my travel insurance company goes bankrupt?

The economic uncertainty in recent months have left many travelers wondering what happens to a  policyholder if their travel insurance company goes bankrupt?  Insurance is regulated at a State level with  the requirement that licensed insurance companies maintain enough capital in reserves to pay policyholder claims.  So what happens if there is not enough money in […]

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How do I know if my travel insurance company covers my airline?

Check your travel insurance policy to see if they have a list of suppliers that are either “covered” or “not covered”.  Some insurance carriers like Access America and Elvia maintain a Covered Supplier List while some like Travelex, Travel Guard and Travel Insurance Services maintain a Supplier Restricted List of suppliers that are no longer […]

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How do I protect myself if my travel agency goes bankrupt?

The easiest way to protect your trip investment is to  buy travel insurance that covers the financial default of a travel supplier and purchase the  insurance from a third party.  Even though many  travel insurance policies will cover supplier failure, they do not cover the financial failure of the organization that sells you the insurance.

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I currently do not have any health insurance and am traveling for the holidays. Can I purchase travel medical insurance?

Yes, you may purchase a travel medical policy to cover you for accidents and illnesses while traveling outside your home country. Be careful if you have any pre-existing conditions however because travel medical policies usually exclude cover for pre-excluding conditions. You may also wish to consider a comprehensive travel insurance policy which includes benefits like […]

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