Showing posts with label Volcanic Ash. Show all posts
Showing posts with label Volcanic Ash. Show all posts

Thursday, January 26, 2012

SHOULD I BUY TRAVEL INSURANCE?

I am frequently asked if and when to buy travel insurance.

Yes purchase travel insurance and do it right away.

In this age of delays, bankruptcies, and strikes it is wise to have insurance coverage for your travel investment.

The general rule with most insurance companies for best coverage is to purchase insurance coverage within 14 days of you initial trip deposit. So if you wrote your check out on May 15th and mailed it out, you should purchase your insurance no later than May 29th.

BUT to cover unforeseen things like natural disasters such as the volcanic eruptions in Iceland that grounded flights a few years ago, or flight delays due to sun flares as is now happening, etc…GET the insurance soon as you write out your check or give your credit card number for payment.

The less of a time gap between your trip deposit payment and purchase of travel insurance, the less of a chance there is of events such as a new strike happening that would not be covered.

If a strike breaks out, a volcano erupts, etc before you purchase coverage then it will no longer be a covered incident. It then is a re-existing incident and thus not covered. So do not wait till the last minute.

Check the insurance company’s Alert and Strike Lists. Here you will find carriers and tour operators that are not covered, and any announced and on-going strikes that are excluded form coverage.

It is always best to purchase third party insurance. Yes, the cruise ship company you booked your cruise with will recommend you purchase their insurance policy, but if the cruise company goes under there will be no one to pay insurance claims.

Many insurance companies allow you to purchase insurance for the amount of the deposit, but you must remember to add coverage when you pay the balance for your trip.

NOTE: All insurances have a loophole for civil unrest. Some cover it up to 1 day prior to departure for a hefty premium. Shop around for the best coverage to your circumstances and chosen travel destination.

Live, Laugh & Travel!

Erja

Wednesday, April 28, 2010

INSURANCE UPDATE

From Travel Guard:
"... any new volcanic issues in Iceland are now considered new situations for travel insurance coverage, except for travel in and out of Iceland since Iceland airports are not back to normal yet.

Volcanic Ash follow up questions & answers:

When is the eruption of the Iceland volcano on 4/14 considered to have ended?
The event of 4/14 is considered to have ended on 4/22/10 when Eurocontrol announced that air traffic had returned to normal level.

If I purchased a policy on or after 4/14 would coverage apply to a future eruption?
As long as your policy is purchased prior to any future eruption occurring, you would be covered under most of our U.S. products.

You can purchase Travel Guard Coverage through Eurynome Journeys or your travel agent.