Where Should I Buy Coverage?
What Coverages Are Available?
How Much Coverage Do I
Need?
Do I Need Supplier
Default Coverage?
Do Limitations
or Exclusions Apply?
Is This
Primary or Supplemental Insurance?
How Much Does It Cost?
How Do I Apply?
How Do I Proceed If
A Claim Occurs?
Q:WHY
BUY TRAVEL INSURANCE?
A:
Experienced travelers know that an unplanned occurrence can always arise,
before or during a trip. Cancellation penalties can be steep, even
if due to an unforeseen emergency. It's bad enough if you have to
cancel your travel plans but sometimes people don't think about falling
ill, losing money or baggage en route -- it could easily happen to you.
And these are problems that can turn into nightmares if you travel without
adequate travel protection.
Travelers
from Canada are accustomed to government health insurance talking care
of their hospital and medical expenses at home; they rarely see a bill.
But when traveling outside of Canada, it's a different story! Therefore,
government health ministries recommend that tourists obtain supplemental
insurance because government health coverage in itself is just not enough.
Travelers
from the USA may have medical coverage provided through a Health Maintenance
Organization (HMO) or with a Preferred Provider Organization (PPO).
Many HMOs and PPOs provide limited coverage outside their territory within
the USA and provide little or no coverage abroad. Also, many people
do not realize that Medicare and most Medicare supplement policies do not
provide any benefits outside the USA.
Q:
WHERE
SHOULD I BUY COVERAGE?
A:
You can always obtain this type of insurance through a retail travel agency
but that source is generally more expensive than coverage offered by your
tour operator. XYZ Tours works with Tourist Insurance Services (TIS)
because it offers the following additional advantages:
Q: WHAT COVERAGES ARE AVAILABLE?
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A:
RETURN FLIGHT INSURANCE
The same amount of coverage that you select
for cancellation insurance will be provided under the return flight benefit.
Be sure to select enough to cover the cost of a one-way, economy class
flight from your destination to your original departure city.
Q:
DO I NEED TO BUY SUPPLIER DEFAULT COVERAGE?
A:Not
if you pay for the travel arrangements by credit card (USA residents).
That is your best (and least expensive) protection against failure of an
airline, cruise line, tour operator or other supplier in the USA (may differ
in other countries). In event of bankruptcy, you will not have to
pay the credit card bill. In Canada, a few provinces maintain compensation
funds for consumers. Some insurance vendors advertise that their
cancellation insurance includes coverage for supplier default but restrictions
in the scope of coverage make it of limited value and it is more expensive
than what you can purchase through your tour operator.
Q:
IS THIS PRIMARY OR SUPPLEMENTAL INSURANCE?
A:All
benefits are secondary to whatever insurance you may already have in force.
Most travelers do not have cancellation coverage present in any other policy
so this benefit generally is the sole source of reimbursement. Other
benefits such as medical and baggage coverage often are present to some
degree in existing policies (health insurance, homeowner's insurance) or
in the liability agreements of airlines and other carriers. In that
case, benefits from all sources of recovery will be coordinated in event
of a covered loss. That means each party will contribute its share
so that you receive full indemnification.
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