There are 4 primary reasons to become a Master lifehacker
- To save money
- To be more effective
- To be more efficient
- To be more productive.
Sometimes one can be what is called “penny wise and pound foolish”, ultimately spending much more money in the long run while saving money in the short run.
One of the areas this happens most often is with traveler’s that do not buy travel insurance. Travel insurance is important because you never know when illness or something unexpected will cause you to cancel a trip.
Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling, either internationally or domestically.
Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a “multi-trip” policy can cover an unlimited number of trips within a set time frame. Some policies offer lower and higher medical expense options; the higher ones are chiefly for countries that have high medical costs, such as the United States.
What can Travel Insurance Cover?
The most common risks that are covered by travel insurance plans are:
- Medical treatment, including transportation to the medical facility.
- Cancellation, curtailment and trip interruption
This section covers any unused travel and or accommodation costs, pre-paid charges (including any additional travel expenses incurred, provided they are deemed reasonable and necessary) if a trip is canceled or cut short under a variety of circumstances, which may include any of the following, depending on the policy:
- death, bodily injury, illness, disease, or pregnancy complications.
- an official advisory against going to or remaining at the intended destination
- jury service
- being called as a witness
- termination of employment (provided you did not know about it before you booked the holiday).
- officially recommended evacuation from the intended destination
- being called up if you are a member of the armed forces or other public defense or safety organization
- prohibition of travel by the government to the intended destination
- Lost, stolen or damaged baggage, personal effects or travel documents
- compulsory quarantine
- death or serious illness of a family member (subject to age restrictions).
- Repatriation of remains
- Overseas funeral expenses
- Return of a minor
- Trip cancellation
- Trip interruption
- Visitor health insurance
- Accidental death, injury or disablement benefit
- Delayed baggage (and emergency replacement of essential items)
- Flight connection was missed due to airline rescheduling or delay.
- Travel delays due to weather
Keep in mind that medical expense coverage can be per-occurrence or maximum limit.
Optional Coverage: Some travel policies will also provide cover for additional costs, although these vary widely between providers.
In addition, often separate insurance can be purchased for specific costs such as:
- Pre-existing conditions(e.g. asthma, diabetes)
- Sports with an element of risk (e.g. skiing, scuba diving)
- Additional AD&D coverage
- 3rd party supplier insolvency (e.g. the hotel or airline to which you made non-refundable pre-payments has gone into administration)
- Acute onset of pre-existing conditions
- Travel to high-risk countries (e.g. due to war, natural disasters or acts of terrorism).
Common exclusions Found in Most Travel Insurance
- Pre-existing medical conditions, or traveling for the purpose of receiving medical treatment.
- Terrorism – Most trip cancellation policies include terrorism but only when there is an act of terrorism that meets the policy’s criteria including definition, place of occurrence and date of occurrence.
- Elective surgery or treatment
- Injury or illness caused by alcohol, drug use, or reckless behavior.
Travel insurance can also provide helpful services, often 24 hours a day, 7 days a week that can include concierge services and emergency travel assistance. Pre-existing medical conditions must be declared prior to the trip start date. In case you ignore this requirement and fall ill during your trip abroad, you may find that you are not covered. The European Health Insurance Card (EHIC) entitles to treatment in state-run hospitals in EU countries and Iceland, Norway, Liechtenstein and Switzerland but it is not a substitute for travel insurance.
One unique form of metaphorical insurance against airport and flight stress is chair massage. Every airport is likely to have a kiosk offering seated massage and on-site massage.
You can learn more about from The National Chair Massage Network – www.eventschairmassage.com
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Today’s stress management blog is supported by a grant from Events Chair Massage –www.EventschairMasssage.com – a company that offers Corporate Chair Massage and Stress Management Services to meeting planners, event planners, party planners and HR for Trade show booths throughout the United States.