What is Travel insurance?

• Travel insurance covers the incidents that may occur during a trip, from its cancellation to the loss of luggage and many more coverage.
• You can hire a policy for a specific trip, for one of long duration and even for several that will be made in a year.

During trips, whether on vacation or for work reasons, the risks multiply. The user may miss the flight, the luggage, get sick or even be forced to cancel the flight or the hotel. Making the reservation of the accommodation or of the transport without a travel insurance that covers it can have as a consequence the loss of the amount paid if it is finally necessary to cancel it or if the airport is not reached at the precise time, for example. In addition, when the destination is outside the borders of the country itself, vacations can multiply their cost if, while there, the traveler becomes ill and requires healthcare, extend the days of stay due to the inability to travel or even return to their country of urgency

To cover all these circumstances, and many others, insurance companies offer citizens the possibility of contracting specific policies that guarantee their safety and well-being when they are away. Travel insurance is not mandatory, but it is recommendable because it covers the risks that surround stays outside the home.

Travel insurance

Travel insurance is an insurance product that allows the user to travel safely and carefree in order to enjoy it. They offer coverage throughout the world so that the displacements do not prevent the user from enjoying the best assistance and protection.

Their guarantees are adapted to their duration as well as to the chosen place of destination or to the purpose of travel. It can include a wide variety of benefits, among which are the possibility of canceling or interrupting the trip, receiving emergency medical assistance or not having to face the medical expenses that may be needed throughout the stay. Thus, this insurance covers the previous risks but also the unforeseen that may occur in the enjoyment thereof.

Hire an insurance to enjoy the trip

Traveling always carries risks, and more if it is done abroad. Some credit and debit cards offer insurance coverage that can be applied to them and even some health insurances have coverage abroad. In addition, public transport has Compulsory Travel Insurance, but hiring a specific policy extends the user’s protection.

These policies are usually contracted for the determined duration of the trip, but there is the possibility to subscribe them for a longer time depending on the user’s needs and even opt for an annual coverage. The guarantees are decided by the insured to select the ones that suit him best and are adapted to his specific case and choose the best travel insurance for him.

Information about the trip

Travel insurance offers many possibilities. For example, specific protection can be obtained according to the duration of the trip or the reason for it. In addition, depending on the number of people who will do it, the companies offer the possibility of covering several travelers or groups of more than more than 10 people in the same policy.

Reason for the displacement

The reason for the trip is one of the points that insurers use to make categories among their Travel insurances and thus be able to adapt the coverage to the specific case. So, depending on whether it’s a vacation, a cruise, a study trip, a business trip, or a skiing break, the insurance can include ski pass reimbursement, ski lessons and runway relief costs. , until the substitution of employees in the case of companies. Within each of the reasons for the trip it is possible to make the insurance from the duration of the trip.

Travel time

Depending on how long it will last, insurers offer different products. When it is a few days or a few weeks, the Travel insurance is contracted. But when what is desired is a single insurance for several trips it is possible to subscribe an annual coverage that protects the insured of the incidents that may occur in all those that he / she carries out during that year, as long as each one of them has a duration less than 3 months You can also hire travel insurance for a long stay abroad, which can be up to one year. The difference between them is in the term of coverage, and therefore in the price, but also in some of the guarantees included, although these depend directly on the insurer.

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What does travel insurance cover?

Within travel insurance, there are several types of guarantees, which refer to health care and those related to cancellation. Normally, the application of all coverage is adjusted to a limit agreed between the parties in the signing of the policy.

Travel assistance coverage

The most common coverage in travel insurance are those related to assistance to the insured during the same. From help for medical problems to the theft of personal belongings.

Medical assistance

One of the main guarantees of this type of insurance is medical assistance. This provides coverage in the event that the insured falls ill or suffers an accident during his stay, either inside or outside his country of residence. In addition to guaranteeing medical, pharmacological, hospitalization and surgical expenses until the journey can be continued, health care goes further and can offer:

Displacement and accommodation of a companion of the insured in the event that the latter is hospitalized.
Prolongation of the stay as a result of an illness or accident.
Sending medication to the place where the insured is located.
Transfer or repatriation of the insured and his companion.
Transfer or repatriation in case of death.
Early return.
Management and coordination of assistance services.
Translation service.
Substitution of the insured for repatriation in the case of work trips.
In addition to these it is possible to find others such as the payment of expenses for loss of documentation or classes in the case of a study trip, for example.

Baggage coverage

Along with healthcare, loss or theft of luggage is the most contracted coverage. This guarantee gives the insured a monetary compensation in case he loses his luggage or his personal belongings, they are robbed or suffer damages during the transport, and also in the case that his delivery is delayed when they have been invoiced. The insurer advises the user to submit the complaint and collaborates in the location management in addition to taking care of sending it to the place of travel or the residence of the insured.

In the event that objects are not stolen or damaged during transit in public transport, some insurers guarantee compensation also when the theft takes place inside a hotel room or a vehicle.

Delays

Some insurers offer coverage for delay so that when the displacement is delayed due to reasons beyond the control of the insured, the insured can receive compensation for the purchase of basic necessities, the expenses of lodging and maintenance and the reimbursement of the expenses of the use of other means of transport.

Accident coverage

On the other hand, travel insurance may include accident guarantees to cover the insured in case of permanent disability or their relatives in case of death.

Legal defense

Another coverage is Civil Liability and Legal Defense outside of Spain. With it, the insured can receive telephone legal advice and have legal defense expenses covered as well as the advance of the judicial bond.

Cancellation of travel and insurance

Other coverage that may be of great use within travel insurance is the cancellation of the trip or cancellation. With it, the company allows the insured to cancel their holidays without cost, but as long as the cause is included in the general conditions of the policy they have signed. Among the medical reasons for which a trip can be annulled without cost are: illness, accidents or death of the insured or of some of their relatives; citations for a serious surgical intervention; transplants

But they also usually include labor causes within the guarantee, such as the incorporation to a new job, the dismissal or the call for competitions. Also when the insured is summoned to a polling station or to a judicial procedure, when a child is going to deliver him for adoption or if the one who annuls the trip is his companion and they are part of the same insurance.

Exclusions

These insurances, like many of Health, usually do not take care of the attention or incidents happened as a consequence of a per-existing disease unless it has a vital emergency character. Neither by pathological states produced by the ingestion of alcohol or other substances. Out of the coverage there are also the losses caused by the insured himself, such as the loss of luggage by himself or the theft, the cancellation by surgical interventions not urgent or by epidemics.

In addition, in the event that the transport company or service provider covers the problem of the trip, such as cancellation of a cruise or a flight, or accommodation expenses due to delay, the insurance of Via

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What is auto insurance?

Basic personal auto insurance is mandated by most states and provides you with some financial protection in case of an accident. But is it enough? What are the options? Learn how car insurance works and what types of coverage are available.

Understanding auto insurance—the basics

Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.

• Property – such as damage to or theft of your car
• Liability – your legal responsibility to others for bodily injury or property damage
• Medical – the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses

Basic personal auto insurance is mandated by most U.S. states, and laws vary. Auto insurance coverage are priced individually (a la carte) to let you customize coverage amounts to suit your exact needs and budget.

Policies are generally issued for six-month or one-year time frames and are renewable. The insurance company sends a notice when it’s time to renew the policy and pay your premium.

Who is covered by my auto insurance—and under what circumstances?

Your auto policy will cover you and other family members on your policy, whether driving your car or someone else’s car (with their permission). Your policy also provides coverage if someone who is not on your policy is driving your car with your consent.

Your personal auto policy only covers personal driving, whether you’re commuting to work, running errands or taking a trip. It will not provide coverage if you use your car for commercial purposes—for instance, if you deliver pizzas.

Personal auto insurance will also not provide coverage if you use your car to provide transportation to others through a ride-sharing service such as Uber or Lyft. Some auto insurers, however, are now offering supplemental insurance products (at additional cost) that extend coverage for vehicle owners providing ride-sharing services.

Is auto insurance coverage mandatory?

Auto insurance requirements vary from state to state. If you’re financing a car, your lender may also have its own requirements. Nearly every state requires car owners to carry:

• Bodily injury liability – which covers costs associated with injuries or death that you or another driver causes while driving your car.
• Property damage liability – which reimburses others for damage that you or another driver operating your car causes to another vehicle or other property, such as a fence, building or utility pole.

In addition, many states require that you carry:

• Medical payments or personal injury protection (PIP), which provides reimbursement for medical expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.
• Uninsured motorist coverage reimburses you when an accident is caused by a driver who does not have auto insurance—or in the case of a hit-and-run. You can also purchase under insured motorist coverage, which will cover costs when another driver lacks adequate coverage to pay the costs of a serious accident.

Even if PIP and uninsured motorist coverage are optional in your state, consider adding them to your policy for greater financial protection.

What other types of auto insurance coverage are typical?

While most basic, legally mandated auto insurance covers the damage your car causes, it does not cover damage to your own car. To cover your own car, you should consider these optional coverage:

• Collision reimburses you for damage to your car that occurs as a result of a collision with another vehicle or other object—e.g., a tree or guardrail—when you’re at fault. While collision coverage will not reimburse you for mechanical failure or normal wear-and-tear on your car, it will cover damage from potholes or from rolling your car.
• Comprehensive provides coverage against theft and damage caused by an incident other than a collision, such as fire, flood, vandalism, hail, falling rocks or trees and other hazards—even getting hit by an asteroid!
• Glass Coverage provides coverage from windshield damage, which is common. Some auto policies include no-deductible glass coverage, which also includes side windows, rear windows and glass sunroofs. Or you can buy supplemental glass coverage.

What is gap insurance and do I need it?

Collision and comprehensive only cover the market value of your car, not what you paid for it—and new cars depreciate quickly. If your car is totaled or stolen, there may be a “gap” between what you owe on the vehicle and your insurance coverage. To cover this, you may want to look into purchasing gap insurance to pay the difference. Note that for leased vehicles, gap coverage is usually rolled into your lease payments.

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what is Health insurance?

Health insurance helps people protect themselves against high medical costs. It is a contract between the person and the insurance company where the person buys a plan and the company agrees to cover part of the medical expenses.

Many people in the United States have insurance for health care through their employers. In most cases, the employer helps pay for that insurance. Insurance through employers is usually a managed care plan. These plans hire health professionals and medical centers to provide medical care to members, with reduced costs. You can also purchase insurance for your health care on your own.

People who meet certain requirements may be entitled to government health insurance, such as Medicare and Medicaid. The Affordable Care Act provides coverage for many people in the United States.

How to get medical insurance?

In the United States today, everyone needs to have health insurance. You need it. Their children need it. Medical insurance are no longer something that “well will have” to become something that “should be”. This is how things stand. In the majority of cases, parents who are not covered by health insurance (or whose children aren’t) are forced to pay a penalty every year. Not having health insurance also means that if any member of the family became ill or was injured, the family would have to pay all the Bills for all the care received. And that could cost a lot more than the payment of monthly insurance premiums.

To help people buy health insurance, the federal Government and State Governments have established a market for this type of insurance (also known as “health care Exchange”). This has greatly facilitates things compared to what happened before, although the process of hiring a health insurance may seem a little confusing. 

Here is what to do to take out health insurance.

Put hands to work
Before seeking private health insurance, investigate to find out if you or your child could obtain health coverage in other ways. The Government considers that a person is covered if you have Medicare or Medicaid, CHIP (a statewide program of health insurance for children) program or insurance obtained through the work of a parent or spouse. Your child may also be covered or could meet the requirements to access low-cost or free coverage through public programs.

If you need to take out health insurance for you or your child, you can visit the web site of the Government of USA health care online. From there, you can apply for CHIP, Medicaid benefit either hire a health policy.

Anyway, it is important to remember that you can just hire a health insurance through the official market of health insurance during the enrollment period, which begins in mid-November and extends until the month of February. If you have completed the enrollment period, you and your child should contact a private insurance company so that they can be covered throughout the year.

In some States, has been the exchange of health care the federal Government from the web site of healthcare.gov. Other States take it for themselves. If you live in any of these States, you can visit the web site of the official national market directly either through a ‘link’ that you will find on the web site of healthcare.gov.

If you can not access a computer on a regular basis, you can call the hotline of the Government of USA (1-800-318-2596) to fill in forms, register or compare insurance plans.

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What is a insurance of life?

Life insurance

Life insurance can be contracted to cover the death of the policyholder or for him to obtain a return on his money.
There are 2 types of Life insurance: Life Savings and Life Risk.

Life insurance is the provider of protection against the death and disability of more than 30 million Spaniards. A third of them have it contracted individually, and the rest as a collective insurance hired by their company or for several members of the same family. It is an insurance product that is very widespread due to the help it represents for relatives and relatives when the policyholder dies or becomes disabled, especially when they depend directly on their income or are linked to a loan of any kind.

At the time of contracting a life policy, as well as to subscribe any other insurance, it is important to have clear questions such as what life insurance is, what types exist, what they cover, who contracts it and where.

What is a insurance of life?

Life policies are part of the insurances called for people and consist of the payment of a previously stipulated premium to be able to receive in case of death or disability an amount that covers the lack of income of the insured.

The amount of the premium that the insured faces depends on the risk and the monetary amount that he wants to receive in case of disability or that his beneficiaries receive in the case of his death. In addition, that final compensation of the policy can be received in a single payment or as an income, as desired by the insured or its beneficiaries.

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What are Personal Insurances?

here are many types of insurance that can be hired. You only have to take a look at our compactor to check the varied offer of insurance products that exists, from Car Insurance, with all the modalities that there are, to Home Insurance or Life or Decease Insurance. There are policies that everyone knows and others that most people do not even know how they work.

Types of Personal Insurance
To put order among so many offerings, in the insurance sector there are three types of Insurance:

Personal Insurance
Damage or property insurance
Insurance of Service Provision
And within each of these classes of insurance, there are policies of the most varied, both in the coverage they offer, and in the way they cover these risks.

Of all of them, Personal Insurances are those that have people as an insured object, although this protection is applied in many different ways. Today we are going to tell you what they are and what are the types of Personal Insurance that you can hire.

Personal Insurance: definition
Your own name gives the definitive clue the definition of these policies. Personal Insurance or Insurance for People are those that cover the risks that may affect the physical integrity, existence or health of the insured person.

People are at the center of this insurance product that protects a person, the insured, before the possibility of a loss that affects them directly and personally.

A death, being the victim of an accident with sequels or suffering from a disease or ailment, are situations for which this type of insurance offers various solutions, either in the form of compensation, providing private medical services or as a savings product for the future.

Types of Personal Insurance
Depending on the characteristics of these insurance products, we can classify the Insurance for People in four broad categories:

Life insurances
Personal Accident Insurance
Health insurance
Dependency Insurance
Let’s see what characteristics define each of these Personal Insurances.

Personal Life Insurance
Personal Life Insurance covers the death of the insured or a situation of total and permanent disability due to accident or illness. When contracting a Life Insurance, an insured capital is established that will be paid to the beneficiaries in case the insured risks occur. 

Among Life Insurance, there are three types:

Death Insurance or Life Insurance Risk
Survival Insurance or Life Insurance Savings
Mixed Insurance
On the other hand, it should be noted that these policies are important in the role played by the three figures that, together with the insurer, intervene in the contract, ie the policyholder, the insured and the beneficiary. If you are interested, in this blog we have talked about the differences between policyholder and insured, and also the beneficiaries of Life Insurance.

Death Insurance or Life Insurance Risk
Death Insurance, also known as Life Risk Insurance, is what we associate with Life Insurance. These policies commit the insurer that, in the event that the insured dies before the end of the contract, the insured capital is paid to the beneficiaries designated in the Insurance.

In the event that the contract ends and the insured person has not died, the insurer does not have to pay any consideration. In addition, these policies can also include as optional guarantees, the coverage of situations of disability or accidents.

Survival Insurance or Savings Insurance
In the Survival Insurance, better known as Savings Insurance, the beneficiaries are guaranteed the payment of the insured capital if the insured lives at the moment of the termination of the contract.

They are Insurance designed to guarantee future savings and that have an attractive tax treatment. In this type of policies we can find several modalities:

Insurance Plans Insured (PPA)
Individual Systematic Savings Plans (PIAS)
Individual Long Term Insurance (SIALP or savings plan 5)
Life Annuity Insurance
Unit Linked Insurance
If you are interested in this type of Life Insurance, this posts about Savings Insurance may interest you.

Mixed Life Insurance
Finally, there are Vida Horror products that include death coverage in their guarantees, so that if the insured person dies, the beneficiaries will charge the insured capital. And if it does not happen, the policy will comply with the profitability agreed in the contract, at the time of its expiration.

Personal Accident Insurance
Accident Insurance is the type of policy for people who have a greater presence. When contracting this policy, the insurer undertakes to compensate with an economic amount, in case the insured person suffers an accident that incapacitates him for the performance of his professional activity or, even, causes his death.

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