Now we are entering the hurricane season. Hurricane Dorian who making trouble in the Atlantic is a good example of that. If you plan to travel to the Caribbean or along the Atlantic seaboard over the next few months, you better be prepared. Peak hurricane season generally occurs between mid-August to late October, according to the National Oceanic and Atmospheric Administration.
Special offers and adjustments
major U.S. airlines American, Delta, Frontier, Spirit, Southwest and United, are already offering flight change waivers to passengers traveling in the region over the next couple of days. Meanwhile, Disney Cruise Line, Carnival and Royal Caribbean announced adjustments to their cruise routes.
Buy cheap travel insurance
Yet while traveling, particularly on cruises, during hurricane season can net you some good deals, that’s definitely when you need insurance.
What kind of travel insurance do you need?
Make sure you buy comprehensive travel insurance. These policies typically cover everything from reimbursements if you miss a connection to refunds if you can’t travel because you’re sick or hurt, plus any expenses related to lost bags, medical or dental emergencies, disaster evacuations and even costs associated with accidental deaths.
Specifically, look for policies that include advance cancellation, trip interruption and trip delay protection (if postponing your departure by a day or two is all that’s needed)
Be prepared to pay an average of $164 for a week long trip, according to finance research site ValuePenguin that looked at the top 50 offerings on the market. Policies with the ‘Cancel for any reason’ feature are the most flexible, but they typically are the most expensive.
When to buy, and where to buy travel insurance?
you need to buy insurance immediately when you buy a vacation package or book your trip, Once a major storm is spotted and named, you can’t get insurance.
It’s not a good idea to buy your insurance directly from the travel site or cruise company. Not only could you end up spending too much, if the tour operator or travel site goes out of business, your insurance policy may be compromised.
Instead, you should check out insurance marketplaces like
These sites only work with legitimate travel insurance companies.
Another perk of a marketplace: customized service. “You’ll be able to ask an expert all your questions and purchase the insurance policy that works best for you.
Special programs and guarantees
- Club Med has a Hurricane Protection Program
- Holiday Inn Montego Bay advertises a “Risk-Free Hurricane Guarantee
- The Cayman Islands’ Department of Tourism has a “worry-free guarantee ” that will reimburse visitors staying a participating accommodations if their vacation is interrupted by storms.
If you travel in November you get past the worst hurricanes and you can get a great deal as well. Many of the discounts and lower pricing rolled out for September and October travel lasts into November.
Be aware of what your kind of policies you have and what they cover. Pay attention to weather alert and when you’re traveling. Do your research to find the best deal on travel insurance in the hurricane season.
I want you to picture following scenario:
You are on a business meeting in California and closed a deal worth millions of dollars to your company. To accomplish this meeting, you had to bring your family as well. This is a great opportunity to have a vacation and have some quality time together in the same time. Win – win, right?
But then the worst imaginable take place. Its warmer than usual at this time of year. You have been under great deal of stress lately regarding your business meetings and work. You are dehydrated since you was out celebrated yesterday with your new partners. There was too much alcohol consumed as well.
You are concerned of your children. They should be back by now. It’s past an hour they should have been back. What if something has happened to them? You pace around the resort to look for them. Suddenly you feel a sharp pain in your chest. You chest get tighter and tighter and you feel a shooting pain in your left arm. You have just experienced a heart attack.
Suddenly you wake up in the hospital with your kids and wife beside you. You just realize you went trough a major surgery and you don’t have any insurance.
Open heart surgery valve replacement
Average cost of open-heart surgery valve replacement in 2018 was $170 000 and heart bypass $123 000. Private health insurance pays for approximately 34% of all hospital care. This price range is only for the operation alone. And are not included anesthesia, doctors fee, X-ray, medication Etc. Additional costs is different physical therapy ranging from $50 – $350, different kinds of drugs as blood thinning medication to prevent blood clots, a beta-blocker to slow the heart rate, a statin to lower cholesterol and an ACE inhibitor to control blood pressure and heart failure.
At Drugstore.com Warfarin typically costs about $15-$25 per month for the generic or $50-$70 for the brand name, and Plavix costs about $200 or more per month. Beta-blockers and statins can cost $10-$200 a month, depending on the drug. And ACE inhibitors can cost $10-$100 per month.
The most common reasons to visit the doctor
- Skin disorders
- Joint pain and Osteoarthritis
- Back problems
- Upper Respiratory Problems (Not Including Asthma)
- Anxiety, Bipolar Disorder And Depression
- Chronic Neurology Disorders
- High Blood Pressure
- Headaches And Migraines
According to a study by the Mayo Clinic back in 2013.
Medical health insurance plans
Its important that you have a medical health insurance plans. Otherwise, you can in the worst case scenario be in tremendously economic crisis rest of your life. You may have to take up a loan.
- A typical interest on a credit card is 19,24%
- Average U.S. Mortgage Rates for August 16, 2019. The average rate for a 30-year fixed rate mortgage is currently 4.12%, with actual offered rates ranging from 3.25% to 7.84%.
- The national average for US auto loan interest rates is 4.21% on 60 month loans
The fundamentals of the guidelines regards insurance is
Its impossible to say this the best insurance. So instead of going through all the different types of insurance, and the different companies out there, I will provide you with useful guidelines.
• Trip cancellation/interruption coverage reimburses you for prepaid, non-refundable expenses such as flights and hotels in the event you need to cancel your trip or cut it short.
• Baggage/personal item loss or delay coverage reimburses you for lost, stolen, or damaged bags and items or covers the cost of clothing, toiletries, and other essentials if baggage is delayed.
• Medical care covers medical treatment due to accidents or injuries as we describe above. However, it does not include injuries caused by “extreme” activities by default.
• Medical evacuation covers the cost for medical treatment and transport to a treatment center or medically staffed transport to a hospital in the US.
• 24/7 worldwide assistance offers extra security by ensuring that a travel insurance agent will be accessible and ready to assist you in any emergency.
I will recommend to check out reviews.com who have those guidelines as a fundamental. It was a small group of consumer advocates who started the web page back in 2013.
Easy to find information about the insurance, who they are for and what they cover.
Photo of travel insurance comparison
A few cards, such as the Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, and the Ink Business Preferred℠ Credit Card, offer trip cancellation and interruption insurance for severe weather. Chase offers up to $10,000 in reimbursement per trip for prepaid, nonrefundable travel expenses, including flights, tours, and hotels. If a flight is delayed more than 12 hours or requires an overnight stay at a hotel, it pays for meals and lodging of up to $500 per ticket.
More info about credit cards and insurance coverage can you find at cardrates.com
Are you insured?
When you are on vacation, business meetings, domestic or international, you should definitely have some sort of insurance coverage. Either incorporated in your credit card, or an extended one. Oh, you should have an insurance if you are at home as well. You never know what could happen. As you can see, the numbers quickly escalates if you have to take up on a loan, or use a credit card to pay for a doctors visit.
Do you bother to buy insurance for your travels? Do you have a good enough insurance for your daily life? Are you covered if you get sick?If not, why dont you? Please, leave a comment below.