Travel insurance usually is one of the conditions in the visa application when visiting certain country especially Europe and United States. There are several kinds of travel insurance based on the requirement and the level of our capacity, also the value of the trip that will be done. If the travel insurance only for the condition for visa, possibly main consideration is the cost.
However, if the insurance is really needed, possibly this matters could help.
The consideration before choose travel insurance:
1. The Scope of the trip territory.
Whether the travel is only on the same level region or worldwide. For the level of the world trip also must see whether it including the US or non US. This will influence the price of the insurance policy because the health service in the US is very expensive.
2. Which travel style that will be use?
Whether it is backpacker or first class. There are packages of the insurance with the backpacker theme that pressed the cost and had the longer duration.
3. Considered whether will be insuring the gift.
Whether carrying valuable stuff or only common traveling. For professional photographer had the special insurance for the camera and the equipment.
Passport and money must be also paid attention to. However, there are limitations for jewelry and cash money that usually do not include the high value.
4. The length of trip duration.
The price of the travel insurance depends on the duration of the trip.
In several terms maximum is 21 days and afterwards count as weekly. The activity what would be doing during the trip? For sport adventures, travel insurance usually will not cover this. Pay attention to sports that still in the policy scope. Bungee Jumping or trill seeker sport occasionally out of terms
5. The Requirement for the personal and the family health.
Do you need the supply of the medicine constantly? Whether there is any certain medicine allergy? Whether there is possibility of being sick during the trip.
6. Consider the possibility of the insurance that include the cancellation or delay.
Especially if all the activities has been ordered a long time before.
How to find the cheap travel insurance:
1. If is possible, buy it online. The online purchase process beside fast also does not need many work papers. Just enough for numbers of the insurance and contact if the emergency condition happening.
2. The high commission in the agency level occasionally also could make the price cheaper.
3. If you doing travel often, choose the travel insurance yearly (annual multi trips). This is cheaper and it gave high flexibility. Negotiated it if the payment is paid monthly.
4. Try to contact the bank or the insurance agency that was used often by your working company. Usually they give the significant discount.
5. Cheap is not mean it is good. Try to search the review about the claim service especially in the important territories. Whether it is good in medical claim or it is bad in the goods claim?
Or the reversal.
The step for purchase travel insurance:
1. At least contact 3 insurance companies. Compare their price and terms. Choose one that met your requirement.
2. Must be paid attention if it is has the special matter: for example the condition before the policy (preexisting medical conditions), old person, the pregnant woman, adventure travel or that planned to work, needed a caution to choose.
3. Get the last health condition. When it is possible, ask the doctor whether it is need special attention for example the injection or medical treatment before and for the trip.
4. Pay attention to each one terms thoroughly. For example, any country that included to one region. Such as Asia, (New Zealand country categorized as Asia-Pacific). Or what country that is not covered because of the reasons in the war condition. The example: Afghanistan, Cuba, Congo, Iran, Iraq, Liberia, Sudan and Syria.
Consideration of Choosing Cheap Travel Insurance
7 causes For Insurance Claim’s Failures ( Unpaid )
In this article, I would discuss any of causes for unpaid insurance claim to the customer.
Customer Mistaken
Not every of claim payment failures were caused by insurance company. Its can be caused by the customer personally too.
Generally, there are five customer's mistakes that can cause for the Insurance claim’s failure :
1.Customer dishonesty
Before someone had the Life Insurance product, previously he must fill up the request form for Insurance. There are many questions that must be answered by a prospective customer, and from that answers the insurance company will consider whether giving the Life Insurance protection’s to you or not.
When filling up, prospective customer did not give the true answer often.For example, the question about: Whether you had been treated in Hospital for the last two years. If you answer no, but in fact you had been treated in hospital for the last six months for example. Then when the death happen to you and insurance company found that the cause of your death is because of the existence of the illness that had made you been treated in the hospital around the last six months, and so don't hope for the insurance company will pay the claim that was promised by them.
2. The exception by insurance company for paying claim.
Sometimes insurance company did not give the benefit promised by them when the cause of your death was exempted (and the exception was written in the policy).
Concerning for this exception, many insurance company determine the number of varying exceptions. However, generally is:
- The death because of the suicide
- The death because of the person doing the criminal act
- The death because of the AIDS
- The death because of the critical illness, where the death happened in the first year since he joint the insurance program.
- The death because of force majeure
Or other matters that could not be avoided, like the war, the natural disaster, or the riot.
The customers did not read these exceptions in the policy often, so it has become the loss for them. Therefore, if you had the Policy of the Insurance, make sure to read the available articles in the policy.
3. The customer was too long to submit their claim.
Generally, insurance company determine the limitation time for the insurance claim’s submission. Usually, the time is limit to be three months. The customers often lodge the claim out of this deadline, so as the insurance company wont pay you. For example, your husband joined a life insurance program with you as his heir. When the death happen to your husband, happening then you could get the benefit of the insurance that was promised if your claim submission still in the deadline of three months after his death. If you did not, the insurance company possibly will not give the benefit that promised by them.
Now, how you could know the limitation time that given by your insurance company for lodging the claim? You could read it in your insurance policy.After that, if later the death is happen, then lodge your claim immediately to insurance company.
4. The Conditions during the claim submission were not complete
Insurance company usually asks for several conditions during the claim submission whenever the death is really happened to their client. That Conditions usually not equipped by the customer's heir, so as the insurance company cannot pay their claim immediately.
Commonly, the conditions that were asked by insurance company when you lodge the death claim are:
- The certificate of the death
- The certificate of the Accident from police (if the death happened because of the accident)
- The certificate from Hospital (if the death happened in Hospital), where the letter was signed by the relevant doctor
- Filled up the form of the claim submission published by insurance company
- Make copy of the Identity So, when the risk of the death happening, don't forget to meet all the conditions that were asked by insurance company. It is not difficult right?
5. The customer not paid the premium in a certain period that has been determined.
It is clear, if you did not pay the premium in accordance with the period that was determined, it could be your insurance policy being expired. That mean you are no longer protected by the insurance. This is that often happened. In the beginning, customer paid the premium regularly, but at one time, the premium is no longer paid, until the certain deadline. This is just the same as if you used electricity and did not pay its bill in the certain deadline, so as your electricity might be interrupted.
Because of that, make sure you know about the premium payment regulation.Do not let your insurance policy not claimable just because you forgot to pay the premium right on time.
Insurance Company Fault
Beside the mistaken from customer, the claim failure also could be caused by the insurance company mistake. There are several mistaken actually, but that was general happened only two:
1. The insurance agent dishonesty in presenting insurance product.
It could be that your insurance agent was dishonest in presenting the insurance product. For example, in presentation he said that insurance company would pay the life insurance claim when the death was caused by the critical illness, including if this risk happened in the first year.In fact it is not like this generally.
It is true that not every insurance company had the same policy. So my suggestion is what is seen and written in your insurance policy that is must be made for your reconciliation, not from the insurance agent said. Generally, insurance company gave a money back Guarantee if evidently you are unsatisfied against the articles that were printed in the policy. You could return its policy, and your money will back. Of course, as long as the return of the policy is in the certain period limitation, that determined by the insurance company, that usually 30 to 90 days.
Then, does all the insurance agents are can’t believed? Of course not. That is depend on the agent personally. Don't just because of having one agent that dishonest, then you compare all the insurance agencies in this world as a same kind. Once more, all that is depend on their respective character.
To prove whether the presentation by the life insurance agent is true, all you need to do is compare with the insurance policy. If it same, that meant your insurance agent is honest and could be believed. When is not, reported to his insurance company.
2. The Insurance company denial.
If you have met all the conditions that were asked for, honest in filling up the claim form, paid the premium regularly, sent the claim submission still in a limitation period, but your claim still not being paid, it could be the insurance company have to deny their liability. Then when it is possible you can hire an attorney to help you out.
Customer Prefer Services than the Cheap Premium
With the many companies in the insurance industry certainly it will increase competition inside. With more competitive of the competition for the insurance business, various methods were carried out by the insurance company to attract the customers. Beside introducing their product through various promotions, many companies packed the new product so that the customer more interested to invest their fund to the insurance.
Further, could be guessed that with the increasing number of companies in an industry, the competition could become the unhealthy competition.That most often to be heard is the “price war” between the insurance companies, where they continue lower their rate although continuing to be just the same aim.
The question is does the insurance company will and can pay the claim when the premium income is small resulting from the decline of its price. In fact the income of the premium is parallel with the amount of its customers. If many customers purchase their insurance then its will increase the premium too and increase company's capacity to pay their customer’s claims. And again, you ought to be felt suspicious when getting cheap price offer. Although the consumer get benefit in the short term. But in the long-term will cause a loss to the customers themselves, which it is related to the company's ability to pay the claim. So as if the customer gave choices, they more prefer for the good and satisfactory services than the cheap premium but the claim is difficult. Because something that is cheapest might not be the best. What do think?
The Definition and Benefits of Car Insurance
What is insurance definition?
When we thought about insurance, the first think crossing in our mind is freest from the financial loss resulting from the unpredictable accident. Because the aim of the insurance basically to reduce the uncertainty from the possibility of the loss that is not expected. Generally, the insurance is define as an agreement where a guarantor made the association with a person by accepting a premium to give the replacement for him because of a loss, damage, or lost that possibly will be experienced resulting from the unexpected incident.
What is the benefit of the insurance?
The insurance that was known is life insurance, loss insurance, and health insurance. The loss insurance is the insurance that protect the property for example the house together with its contents, the apartment, the car etc. The car insurance is aimed to protect from various danger threats that were not expected for example the collision, the theft of several car parts or even the car that was stolen. By protecting the car with insurance, we could drive the car calm and safe feeling anywhere we go on a trip.
The car insurance protection kinds consist of :
- Comprehensive Insurance or All Risk.
- Total Loss Insurance (The Total of Loss Only/TLO).
Beside the protection of like above, the car insurance also provide the insurance expansion for example legal responsibility to the third party and passengers, the chaos (Strike, Riot and Civil Commotion), the natural disaster (Act of God), etc.
At this time, it is easy for you to get the interesting car insurance and in accordance with your requirement because of many insurance companies that competed by offering the interesting program. More people get insured showed that the awareness to protect their property from danger threat possibility has improved. The insurance company currently competes to give the service that is best for the community, from the kind of insurance program until the problem of the claim.
Danger and Risk | Cover it with Insurance
Every human activity could cause the risk. This risk depend on various activity that done by someone. From the aspect of the insurance, the risk is the possibility of the loss that will be experienced by someone that caused by the danger that possibly happened but not known when the occurrence and what will happen.
Because of that we must be better prepare all thing safely before got an incident. To face this risk we needed preparations and the appropriate protection. So as the importance of the insurance is increasingly seen when someone was stricken by the disaster, the disaster indeed is not desired by anyone. But who can refuse supposing the disaster like the occurrence of the social disturbance or the flood disaster that happened some time before in certain place, were not suspected happened.
Was not countable for the loss that must be hold by the people resulting from this disaster. It is grateful, if you have an insurance, you might not very busy earn or look for some money to repair the broken house or car as the impact of the flood. Just lodge the claim to the insurance company, you will receive compensation.
With the often occurrences of the natural disaster like the flood and fire, made the people to look at the insurance as the main choice to reduce the loss on the risk that possibly happened in the future day.This improves the awareness of the insurance.
Total Loss Car Insurance and All Risk
The car insurance usually has 2 kinds: All Risk and The Total Loss Only (TLO) car insurance.
All Risk Car Insurance
This car insurance covers all the risks that happened to your car.From losing, crash, riot, terrorism, the tire lost, the rear-view mirror lost, hit the other person's car (Third Party Liability - TPL) etc.
Its insurance value depended on the insurance company respectively.For example, there is insurance company that gave TPL value $500 for one incident, another gave until $2500 for one incident. You must pay close attention to the packages that were offered. Search for the best protection according to your requirement.
For All Risk Car Insurance premium’s that must be paid, usually between 2% to 3% of the car price. So if your car price is $5000, you must pay between $100 and $150 for one year.
Total Loss Only Car Insurance (TLO)
This insurance covers only if the customer's car is lost or has the damage for minimum 75% until could not be used anymore. If the customer's car has an accident and his car damage until 75%, the guarantor (the insurance company) will pay the customer's claim. There also the insurance company that packed this TLO insurance with TPL (Third Party Liability). This TLO premium is in the range 1% of the car price, can be less or exceed from 1%.
From the two kinds of the car insurance above, which one is suitable for you? If your car rarely used, the often in the garage, and used occasionally for a short distance, the appropriate possibility is TLO car insurance. However, if your car often used for a long distance, or very actively used, you should agree with the All Risk Car Insurance.But the decision is belong to you. If you are sure that your car will not be scratched but possibly lost, yes take the TLO Car Insurance.
Auto Insurance is Important
Automobile insurance is one of those important things that everyone hates to pay, but knows he must have in order to drive. In most states, driving without car insurance is against the law. When you are caught doing so, you can even lose your license which is tragic for most people. Therefore, if you want to drive, there is no way around to hold insurance. You can choose what type of insurance you, however. The best thing to do when you need automobile insurance is to shop. Call around to ask for the best rates for each company. You can also do this periodically after obtaining insurance, you will know if you still get the best deals. After finding the right company, you need the right plan. If you rent your car or your truck, you might need more than your state of the minimum coverage. However, if you own a vehicle, it's really up to you what you get. You should get as much coverage as you can, however, there are few options that you may not need. Keep in mind that the insurance agent does not want to sell you anything, so be careful about your decisions to accept or refuse.