Posts Tagged ‘ski holiday insurance’

When did holiday travel insurance become available? I have traveled all across the United States for both business and personal pleasure via plane and car. When I was much younger (age 11), my grandmother took me to Europe with her for an entire month. The entire cost of the trip was under $3000 which included all transportation to and from New York and to all of the destinations while we were in Europe. We traveled by train, bus, boat and plane to the United Kingdom, France, Germany, Austria, Belgium, Netherlands, Monaco, Switzerland, Italy and Yugoslavia (before the break up). When we were crossing the border into Yugoslavia, an soldier armed with a machine gun came on board or tour bus and gathered all of our passports and let us know we would get them back when we left the country. What would have happened if we did not get them back? What if we were detained in Yugoslavia and we missed some of the planned destinations? In 1970 there were no travel insurance companies. You relied on the reputation of the travel company you were using to make sure you were safe, got where you were supposed to go and made sure medical treatment was available if necessary.

In today’s currency that trip would probably cost well over twenty thousand dollars and if you were lucky the original three thousand dollars might get you a week in one place overseas. With the issues of terrorism, safety and the high cost of international travel, the insurance industry has come up with several types of policies for your holiday travel insurance needs. You can purchase single trip holiday or annual holiday policies. There are many holiday insurance websites where you can compare their own policies or other companies’ as well.

Expect to spend close to 10% of your travel budget on holiday travel insurance for the best coverage. This top of the line holiday travel insurance will get you the maximum coverage for medical emergencies, lost or stolen luggage coverage, trip interruption coverage, terrorism coverage, and specific sport coverage. Keep in mind that the level of deductibles available will greatly affect your premiums for your policy. ARCH Insurance company offers medical coverage in case of an accident with a low $25 deductible for two people under the age of 65 for three hundred dollars. It also includes work cancellation coverage in its holiday travel insurance policy.