| About Us | Newsletter | Youth Support | Career | Activities | Contact |

Newsletter

2014 4th Edition (Other Editions)

INSURANCE FOR TRAVELERS

LIFE INSURANCE

Although many travelers may not have been notified by their travel agents, flight insurance that use to be an automatic benefit with every ticket purchased from a travel agency has been eliminated by most agencies due to the cutbacks the airlines have made in travel agency commissions.

Although, this sounds like a large cutback, one might pose the question why do I need additional insurance for airline travel. Airline travel is known to be one of the safest modes of transportation. When there is an airline crash, there are many more fatalities at one time, but many more individuals are killed each year driving automobiles than flying. The question then more appropriately becomes - do I have enough life insurance to cover my death in any given situation. Your financial advisor will be able to do an analysis to make sure that your family is adequately covered in the event of your death in any circumstances.

Most airlines offer a maximum of US$75,000 per lost life on their carriers. While this is a consideration it should not be your primary consideration for additional insurance.

BAGGAGE INSURANCE

Baggage insurance, provided by the airlines, covers liability for loss, delay, or damage to baggage. Liability is limited unless a higher value is declared in advance and additional charges are paid. For most international travel the liability limit is approximately US$9.07 per pound for checked baggage and US$400 per passenger for unchecked baggage. Excess valuation may be declared on certain types of articles. Some carriers assume no liability for fragile, valuable or perishable articles. Further information may be obtained from the individual carrier.

TRIP INSURANCE

Additional trip insurance is available ensuring your peace of mind for all types of travel including cruises, tours vacation packages, and air and rail tickets. It also provides unique insurance coverage, specially designed to protect your travel investment from events such as:

This type of coverage may contain special pre-existing condition waivers and benefit limitation. The policy should be closely evaluated to be sure the coverage you need is provided.