Categories
tourism Travel

What is travel insurance

Travel insurance is defined as an insurance form given to people travelling, covering losses resulting from accidents that may occur to the passenger while travelling, including payment for any medical treatment, or loss of money and property while travelling.

Travel insurance always involves many risks, such as illness, accident, loss and theft of property, and other accidents, so travel insurance provides assistance to minimize financial losses related to these losses, and there are five main types of travel insurance:

Aviation insurance:

It is a life insurance policy in case of aircraft crash during flight.

Luggage insurance:

This type of insurance covers passengers’ luggage in the event of delays, loss or damage during flight, with some exceptions to expensive jewellery or electronics prices.

Flight cancellation insurance:

This type covers expenses resulting from flight cancellations for unforeseen reasons, such as health problems, accidents and bad weather, to cover the non-refundable fees paid for the flight.

Medical insurance:

It offers discounts to international travellers who are not covered by their health insurance abroad, to cover the passenger’s health care expenses.

Evacuation insurance:

This type covers the cost of transporting the traveler to a medical facility for emergency treatment, so that some of these types may cover serious sports activities, such as paragliding.

Buy travel insurance

Travel insurance varies by cost, exceptions, and coverage, where coverage may be available for a single trip, covering the journey of people travelling from time to time, or multiple travel, which provides coverage for many flights within one year, so that the trip does not exceed thirty days, or annual travel, which provides coverage for a full year, so the buyer must be aware of all insurance terms before purchasing it from the company, and it is worth noting that the premiums in addition to the coverage are based on the duration of the coverage, the length of the travel, the age of the passenger, the age of the passenger. And the destination of the trip, plus the cost of the trip.

The most important benefits of obtaining travel insurance

  • No charges for cancellation or interruption

Passengers may be forced to cancel or interrupt their flights as a result of emergency incidents before or during the holiday, thereby losing the amount of money paid for aviation and accommodation costs. However, the acquisition of the travel insurance policy, which includes the privilege of protecting against cancellation and interruption of the flight, will ensure that you receive compensation for losses resulting from cancellation or interruption of the flight in accordance with the terms and conditions of the policy.

  • Cover for emergency medical expenses

The risk of illness or accidents while traveling increases, either due to changing weather, the spread of certain diseases, a sudden health crisis, or a traffic accident, especially if the travel program includes some sports and recreational activities that may expose you to injuries, which may force you to pay for treatment, but with a travel insurance policy, you will be able to protect yourself from the resulting medical costs, in accordance with the terms and conditions of the travel insurance policy.

  • Compensation for lost or stolen baggage

Your baggage may be stolen or damaged while at the airport, transportation, hotel or accommodation provider, which may be a financial and psychological burden for buying such items again. This burden can fade if you have a travel insurance policy that gives you insurance coverage against the risk of your personal belongings being stolen or lost in accordance with the maximum insurance coverage and the terms and conditions of the policy.

  • Providing insurance protection for personal accidents

Travel insurance provides you with accident coverage and personal liability, where the beneficiaries of the policy are compensated if one of the persons covered in the document is injured or died god forbid. In addition, you will be covered against damages that may be caused to third parties, such as injury to them or in some way causing loss of personal property, in accordance with the terms and conditions of the document.

  • Covering legal expenses

The travel insurance policy may also provide the advantage of covering legal expenses related to personal accidents that may occur while traveling, where under the policy insurance companies provide assistance to their customers in the event of unforeseen emergencies, especially if you do not have the local language of the country to which they are travelling.

Categories
Cities tourism Travel

The best ways to pay while traveling

Travelling is a good opportunity to spend time with the family away from daily life challenges, helping to rejuvenate and strengthen the family relationship between them. Although the benefits of travel are incalculable, it needs financial planning in terms of budget and expenditure so that there is no financial trouble in the future. The adoption of a payment method while traveling is one of the financial matters that contributes to reducing or increasing the cost of travel as a whole. So we’ll highlight the main payment methods and what’s the best way to pay while traveling.

Travel payment methods

1. Credit cards

Credit card payments while traveling are a safe way to control expenses and reduce the risk of money theft. However, pay attention to foreign exchange charges and the cost of using the card abroad, whether during purchases or cash withdrawals. The necessary procedures must also be followed to maintain the confidentiality of credit card information and to protect it from the risk of loss and theft. If this happens, you should contact the bank immediately and report that the card has been lost or stolen to disable it and therefore not used by others to complete irregular operations.

2. Forex Card

Some may define this card as a foreign currency wallet they want. It is an alternative to credit card and direct debit in electronic payment in foreign currencies, where the holder buys them from the licensees to issue those cards and then charge them with the balance they wish before traveling through the channels available to them, including linking the bank account to the card and shipping it when necessary.

3. Debit Card

If you wish to use the debit card associated with the bank account to pay for purchases, expenses and cash withdrawals while you are traveling, ATMs or POINT of Sale must provide the service to the international payment network whose logo is on the card. Make sure that the card carries international payment logos such as MasterCard and Visa.

4. Cash Payment

You may be one of those who feel more comfortable and secure when using cash and cash while traveling. However, pay attention to the risks you may be exposed to during your stay, such as being robbed or lost money. You should also allocate a daily budget and save the rest of the cash in your hotel room safe for two reasons: the first is to manage expenses and purchases effectively daily, and the second is to hedge in case you are robbed and the loss is less than the loss of all the money. When choosing a cash payment method, the traveller must go to a licensed exchange office and transfer the amount they need to the local currency of the country to which they will travel. But before conversion you should do a search and compare conversion rates and fees to get the best price.

Some important points regarding ways to pay while traveling

1. Changing currencies in airport lounges

Some travellers leave the task of converting currencies to the local currencies of the country to which they will travel until the last moments in the airport departure hall, as a result of their belief that this step is not necessary and therefore is postponed until the last time before traveling, which exposes them to forgetting or limiting time to complete before heading to the airport.
So we should draw attention to the fact that airport bureaux are usually offering lower rates than intracity bureaux, exposing you to losing a portion of the money during the currency change process. It is therefore best to think seriously about the task of changing currencies before heading to the airport to get a good quote.

2. Using bank cards abroad

If you intend to use your credit or debit card, make sure that the card is valid for use in the country you are travelling to. In addition, the Bank has notified the bank of your travel and time so that it is not disabled while you are traveling as one of the bank’s precautionary measures when completing transactions on the bank card in an unusual manner. You avoid some problems with the card being disabled or reactivated.

3. Do not rely on a single payment method

It’s best to combine payment methods to manage travel spending as a precaution if there’s a risk that prevents you from using your preferred payment method. For example, if you are planning to pay in cash, but unfortunately you have been robbed, you must be ready with the alternative payment plan, such as using a credit card or other means to complete your journey and complete the necessary payments.

4. Don’t underestimate the purchase of a travel insurance policy

The travel insurance policy must be on the pre-travel list, other than that this policy provides you with travel risk insurance coverage such as delayed or cancelled travel, and incurs medical costs while traveling, as it provides you with insurance coverage against the risk of theft and loss of personal property. This reduces the financial pressures you may be putting on your travel. However, you should be fully aware of the benefits of the policy and the extent of the insurance coverage and the terms and conditions governing the policy to ensure that it provides you with the protection you want at the lowest possible cost.