Jim Grace Presents "The Purpose of Travel Insurance"


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Travel Insurance 101. A guide to what travel insurance is, and what you should and should not expect from your policy.

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Jim Grace Presents "The Purpose of Travel Insurance"

  1. 1. Jim Grace Purpose The Presents: of Travel Insurance Travel Insurance: 101 Hint: not a guarantee that nothing will go wrong. @JimGrace3 JimGrace.com
  2. 2. Travel insurance is often seen as a “luxury” purchase or something that’s “nice to have, but not necessary.” While that may sometimes be true, such as the traveler who is planning a trip for a few days away but stays relatively close to home, this is more often not the case. @JimGrace3 JimGrace.com
  3. 3. The purpose of a travel insurance policy is not to guarantee nothing will go wrong while you are traveling. A travel insurance policy does not mean you won’t be inconvenienced or end up canceling or changing your plans. @JimGrace3 JimGrace.com
  4. 4. Travel insurance policies seek to provide you with the knowledge that if a delay, cancellation, or disaster does occur that impacts your plans… you will be able to recover some of the costs you may have lost and have access to assistance services that may not have otherwise been available to you. @JimGrace3 JimGrace.com
  5. 5. It’s not a one-size-fits-all product. It’s crucial to read any insurance policy’s terms carefully and be sure that you fully understand them before purchasing. Since many claims issues eventually arise because travelers are not aware of the limitations of the policies they have purchased, it’s essential to do your homework and know exactly what is covered, and what is not. @JimGrace3 JimGrace.com
  6. 6. Travel insurance is also often intended to act as a supplement to insurance coverage you may already have, so be aware of which coverage is considered “primary” … and which are “secondary.” @JimGrace3 JimGrace.com
  7. 7. Medical Insurance providers may provide you with some level of medical coverage while traveling, but only up to a certain threshold. A travel insurance policy with secondary coverage can bridge the gap to fully protect you against an unforeseen medical emergency that happens while you’re away from home. @JimGrace3 JimGrace.com
  8. 8. True, homeowner’s insurance or insurance offered as part of your credit card membership may give you some protection against financial loss in the event your belongings are lost or damaged… but a comprehensive travel insurance policy can supplement those benefits with secondary coverage that will offer more complete protection. @JimGrace3 JimGrace.com
  9. 9. Knowing what travel insurance is intended to do can help answer questions you may have about purchasing a travel insurance policy for your next trip. Prepare: read, research, and understand different policies and their benefits. Keeping expectations realistic and knowing what you’re looking for in a travel insurance policy can help you make a more @JimGrace3 JimGrace.com confident purchase that will be right for you.
  10. 10. Asking questions during the researching and buying process is important. I can help, and know dozens of other trusted and experienced resources available to consumers. Reach out to me on twitter, follow my blog, and most importantly, know what you are purchasing. @JimGrace3 JimGrace.com