Tag Archives: travel
Importance Of Travel Insurance
Travel is one of the lifes greatest joys but even the most carefully planned trip can be complicated by unforeseen events. Whether it is lost luggage, cancelled flights, or medical emergency, an unexpected mishap can turn a relaxing vacation into a taxing experience. But by opting for a good holiday travel insurance policy, you can save your money, safeguard your journey and make your vacation a truly memorable one.
There are many things to consider when planning for a vacation where to go, what to pack and what do once you reach your destination. No matter how well you plan, there are some things that go out of your control. This is where travel insurance comes to your aid by compensating you for the unforeseen emergencies while traveling.
What does travel insurance cover?
Trip Cancellation/Trip Interruption: Reimburse travelers who are unable to take their trip due to illness or death, weather, airline strikes, terrorism, bankruptcy, becoming unemployed or home being rendered uninhabitable due to fire, flood etc.
Medical/Health: Reimburses medical or emergency dental costs. All most all insurance plans work by reimbursing the traveler after he has paid locally for the treatment. Medical evacuation insurance covers the cost of an air ambulance, attending physician and nurse if you are badly injured or become so ill that you are unable to come back home.
Accidental Death:
Air Fight Accident: Covers death during an air flight only. Usually covers the highest amount of coverage due to lower risk.
Common Carrier: Covers death while traveling in public transport such as ferry, train, bus or taxi.
Accidental Death: Covers death at any time on your trip. Usually provides the lowest amount of coverage due to higher risk.
Travel Delay: Reimburses travelers for hotel, food or clothing expenses in the event of a flight delay.
Baggage Loss: The plan includes reimbursement to travelers for their, lost, stolen or damaged personal items. This coverage is generally for the duration of the trip and not confined to baggage damaged or lost by the airline.
Rental Car Damage: A specific amount is reimbursed to the traveler for damage or loss of a rental vehicle.
Is travel insurance necessary?
One issue that often strikes us while planning for a vacation is the necessity of travel insurance. Nobody likes to think of the odds that could make you cancel or shorten a vacation. No matter how well you plan for your vacation, things go wrong due some unavoidable circumstances. And it is here that you seek for shelter of travel insurance.
As with most things in life, we are exposed to a certain amount of risk when we travel. This is the sole reason why we require travel insurance. Now, whether a person is a student or a professional, it is applicable for both. For students, however, there are certain separate rules and regulations compared to the insurance policies for the other groups of people.
So before you finalize your vacation plans, be sure you have given careful thought to whether you need to purchase an insurance policy while you are traveling. There are circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling. Travel insurance provides you with that extra protection cover you need.
What Does The Best Credit Card Look Like?
What is the best credit card? Is it an elusive fairy tale that doesn’t exist or is it a tangible item that you could one day obtain?
Believe it or not, the best credit card is indeed out there, but one person’s best credit card is another man’s nightmare.
Here are seven questions to help you find the best credit card for you.
1. Do You Hate a Balance?
If you pay your balance off in full each month and you can’t stand the thought of accruing interest, a rewards credit card is probably the best credit card for you. After all, you don’t pay interest anyway so a low-interest credit card isn’t going to do you any good.
You may as well be rewarded for your good spending habits and take advantage of the perks that rewards cards have to offer.
2. Do You Have High Debt?
If you carry large amounts of debt on your credit cards, a low interest credit card will be the best credit card for you. Rather than paying more for rewards (that don’t pay for themselves, no matter what they tell you) you will pay much less in interest and will be able to get your balances paid of faster.
3. Are You Planning To Make a Large Purchase?
Need to buy a stove, fridge, television or other big-ticket item? Then consider getting a credit card with a low introductory APR. If you only need six months to pay off a large purchase, a credit card offering an intro APR of 0-percent for six months is the best credit card for you.
4. Do You Travel Frequently?
Are you a jet-setter? Do you like to travel the world? If so, the best credit card for you would be a travel rewards card. In fact, some travel rewards cards even let you double dip.
What does this mean? Certain credit cards not only offer you miles for the purchases you make, but also allow you extra points for each dollar spent, which can be used for room upgrades at hotels and other travel perks.
5. Do You Believe in Charity?
If you like contributing to charities, you might be surprised to find out that there’s a credit card out there specifically for you. While some cards offer rewards, others will donate 1 to 2 percent of the amounts you charge to a specified charity.
While these cards also have higher interest rates than the low-interest credit cards, if you pay your balances in full each month they are a great way to do some good without spending anything out of your pocket, making them the best credit card for you.
6. How’s Your Credit?
If your credit has taken some significant hits lately, a secured card may be the best credit card for you. While a secured credit card does require a security deposit (acting as a savings account for you), it is a great way to rebuild your credit history and improve your creditworthiness in the eyes of lenders.
7. Are You All About Appearances?
Are you the type of person who really doesn’t care about interest rates, but you definitely want perks and you want to be recognized as the upper-class, respectable individual you are?
Then a carte blanch card (such as Diners Club and American Express) is the best credit card for you.
As you can see, the best credit card for one person isn’t necessarily the best credit card for everyone. After you have answered the above questions, look for an offer that matches the best credit card for you.