Travel Insurance Advice For Older People Travelling Abroad

Most retired people are already on insurance programs and are reaping the rewards of having contributed to the system that is now providing for them health care with considerable options based on their ability to pay. In regards to travel, for the most part, there are few distinguishing problems with older people as with the general travelling population. Holidays are usually taken as travelling tours instead of backyard retreats by able bodied people who need diversity to feel relaxed and happy. Before going off on a junket, better prepare for the worst, just in case.

None of us like to think about what dire consequences might await us while on vacation. But, a word to the wise, never hurts. If you are travelling with a retirement group, you might ask the travel guide what provisions are made in case you have to go to hospital while junketing. The answer might surprise you if he says, none. That is definitely when you should call your insurance agent or find travel insurance online and buy a reasonably priced insurance policy just to cover yourself in case the worst does happen.

Older people have developed skills through the years in survival. Hopefully, a holiday vacation will not require them to bring those skills out of the closet and into action, but, of course, whenever you leave the comfort of your own home, you risk adventure. And, why not face your adventure with some careful planning and itinerary promises not issued as real tickets, at least, in writing.

An older person who is planning on travelling for an extended period should leave important papers on his desk or where some one else in the family can have easy access to them in case of an emergency. A copy of his travelling itinerary should be on top of his folders that contain important, personal information. Telephone numbers to his travel agent and to his insurance agents should also be easily found.

Travel cover is now available for purchase on many websites and all ages are usually covered, for instance travel insurance over 80 is now available from at least five different UK providers.

If the older person has a special medical condition, the rules of travelling apply to him as they apply to all travellers. Let your tour guide know, let your hotel manager know, let your stewardess know and basically don’t keep serious medical conditions a secret especially if fainting or passing out is one of them. An older person travelling is frequently a welcome traveller especially if he is travelling without a partner. There are many single people travelling who just love to be with someone who can be a short time companion.

3 Top Tips to Make Purchasing Travel Insurance Easy

You cannot go on holidays without travel insurance. You need to make sure that you have a policy that protects you if something goes wrong. For example, medical expenses in the US are high. If something was to go wrong, and you have travel insurance, these costs would be covered. They will also cover you if you lose some expensive electronic goods or they get stolen. Most importantly, you have a peace of mind once you know that you are properly covered for the unforeseen events.

This article shares with you 3 tips on how to purchase your travel insurance.

Book your insurance early. Realistically you should purchase your travel insurance when you book your holiday. This will cover you for the cost of your airfare and accommodation should something go wrong before you leave. You need to make sure you book your insurance early in case something comes up. Otherwise you could find yourself out of pocket thousands of dollars for your airfares and hotel costs.

Go with a different company to your travel agent and airline. You need to make sure that you don’t purchase your travel insurance through your travel agent or your airline. If they were to go bankrupt you would have no protection. However, if you have your travel insurance through another company you sill still be covered should something go wrong with one of the companies you are dealing with.

Make sure that you go with a reputable company. You should make sure that you go with a reputable company, as they will be well underwritten. You should do some research online to see if anybody else has said anything about any issues with making a claim.

Getting sufficient protection from the unforeseen circumstances is something that you need to do before you leave for your adventure. It is as important as organizing someone to collect the mail and look after your pets. If you don’t, you are taking a hugely unnecessary risk

The Top 5 Ways to Save Money That You Must Know NOW Before Traveling

In this article I will cover:

– Getting cheap or free web on your holiday / backpacking trip.

– Getting the cheapest but most comprehensive travel insurance possible.

– The cheapest international calls

– Cheap Accommodation

– How to find specific info for each city

Getting Free Internet on you Backpacking trip

When it comes to cheap backpacking, this tip will save you a lot.

I picked up an old Nokia phone with Wifi (EU75) from a gypsy market in Bulgaria two months ago, and I’ve been sponging off other peoples open wifi connections ever since!

The beauty of this is that each time I use my new free internet connection instead of paying Euro 2-5 (sometimes 10!), eventually that money saved means that I will eventually make the cost of the phone back and then start actively saving/making money.

I’ve also downloaded a nifty program called Fring, which lets me call others on Skype/Google talk etc for free or landlines/mobiles for a small fee when at a wifi hotspot. The fee is much less than what you can expect to pay with the normal ‘cheap’ international phone cards.

Working the system to get the cheapest travel insurance possible

Rule number one for having a cheap backpacking experience:

NEVER buy travel insurance from your travel agent! Until you follow the steps below first!

Buying travel insurance from travel agents is like buying Armani from a supermarket. It’s just not cricket ~

Because it is a point of convenience, most people don’t think about shopping around and just go for the first price they get. Which is always a rip off.

My first quote for travel insurance for a 6 month trip to Europe, Middle East and Africa was over AU$600 from my travel agent. No thanks.

I then did a search on the web for the absolute cheapest I could find with (and this is very important) comprehensive, unlimited health insurance, which is all I was interested in. I ended up getting a quote for AU$200 from a company backed by a major international bank. I then took that to my travel agent and they matched and beat it.

So I ended up paying AU$180 instead of AU$600 for the same product!

The cheapest international calls are not where you think

Most of us who are looking for a cheap backpacking experience know not to call home from hostel/hotel phones etc and usually buy calling cards.

Whilst this can be cheap, some countries don’t have the cheap international calling cards, or if they do are not so cheap.

The other option is using a feature called ‘Skype out’ – this is part of the normal Skype program, except instead of just calling a Skype computer, you can call actual landlines and mobiles. For cheap!!: )

For example, I go to an internet cafe in Bulgaria and call home for the skype rate of AU 2 cents per minute instead of AU 26 cents per minute which I would be charged with a calling card/special internet phone booth.

That’s 1/10th of the price!

Yahoo has an even cheaper option with their chat program.

Or if the person you are calling has Skype/Yahoo messenger, you can call for free obviously: )

Cheap Accommodation

The worst thing you could do when aiming for a cheap backpacking experience is booking a hostel through HostelWorld.

Having worked at a hostel I can tell you they own 80% of the market and can get away with charging you US$2 on top of the 10% booking fee.

Why pay the US$2 every time when you can book free at HostelBookers (dot com)? You get exactly the same thing without being taken advantage of!

Another thing that is handy to know is that that 10% deposit only goes to the website not to the hostel! Knowing that, why not Google the website of the hostel you want and email them directly, asking them if you can keep the 10% if you book through them directly? I’ve done this several times and its especially handy for long term stays

Specific info for each city:

Whilst the preceding four points are good general tips, one more thing that will save your hard earned money is to find blogs which cover cheap holidays for the city/place you are about to visit.

Time For a More Cost Effective Truck Insurance Model

A trucker friend of mine once remarked that prior to deregulation you could make money in the trucking business despite yourself. Back in those “good ole days” government protected routes bequeathed an industry with LTL powerhouses, high paying Teamster jobs, and healthy profit margins. Today the trucking industry operates largely under a free wheeling TL and increasingly intermodal template with nonunion drivers and owner operators. Profit margins if they exist at all generally come down to pennies on the dollar. It goes without saying that only the most productive trucking companies have survived this transformation – painful, but a net plus for consumers.

Now contrast the competitive untidiness in trucking with the inert if not orderly nature of the truck insurance business. Life pretty much continues as it always has: same structure, same production model, same economics. Where convention breeds productivity, it certainly makes sense, but with truck insurance, convention has only meant unnecessarily high premiums.

Broadly speaking the structure of the truck insurance business breaks down into two segments: agents (including brokers) and insurance companies. Agents solicit and service business, while insurance companies underwrite, issue policies and pay claims. Agents make money on commissions. Insurance companies make money on favorable underwriting results and investment income.

Contrary to the perception of truckers, operating profit margins for insurers tend to mirror those of most trucking companies. Where truckers have their operating ratio, insurers have their combined ratio. Both measures quantify operating profit as a percentage of revenue. In good years, both industries typically generate ratios between 90 and 100%, yielding operating profit margins of up to 10%.

By way of comparison, margins for the most successful truck insurance agents run as high as 20 to 40% in good times and bad: a nice return considering agents bare no underwriting risk.

But let’s not judge these economics too hastily. The truck agent has done an exceedingly splendid job of establishing himself as the ultimate purveyor of value for both trucking company and insurance company alike. Here’s the perception. From the insurance company’s viewpoint, the truck insurance agent provides an invaluable service in terms of producing business and servicing clients. Therefore, the insurance company feels quite justified in paying healthy commissions particularly on business that generates a combined ratio of less than 100%. Correspondingly from the trucking company’s angle the agent provides an invaluable service in terms of his knowledge of the insurance market and his ability to match a trucking company’s coverage needs with the most capable and affordable insurer. Why begrudge the man a living? Besides he always picks up the tab for lunch and golf.

However, with advances in technology, more and more only the insurance company matters. The Internet increasingly has relegated the agent to the status of tag along. He no longer serves as the conduit for exchange between trucker and insurer. Rather in an age of instant information, he increasingly gets in the way. Need a quote? Google it. Looking for accident statistics? Log on to Safersys. Curious about some insurance company’s rating? Pull up A.M. Best. Interested in the type of freight a company hauls and the location of its terminals? Check out their website. Concerned about your loss ratio? E-mail the underwriter. Fender bender? Snap a picture from your cell then fire off a text message to the claims department. It’s so much more efficient than leaving a voice mail message with an agent.

Just as you no longer need a travel agent to book travel, you no longer need an insurance agent to buy insurance. Strangely, both trucker and truck insurer seem unwilling to acknowledge this fact. To a degree, custom plays a role. Historically, most contracts between agent and insurer specify that the agent owns the customer list. Thus, insurance companies generally remain hesitant to communicate directly with their insured’s. Also truckers are in the habit of dealing with agents not underwriters.

A simple step toward efficiency would have all truckers insisting that neither agent nor insurer can claim ownership of their account. This change in practice would set the stage for direct negotiations between trucker and truck insurer, and by extension pave the way for lower premiums.

Amusingly when it comes to extracting value, grandma who flies once a year on Southwest Airlines drives a tougher bargain than most trucking CEO’s. Grandma told the airlines to unload their travel agents a long time ago. Similarly shippers told truckers to cut the fat back in 1980. Will truckers ever ask the same from their insurers? Don’t look for your friendly truck insurance agent to broach the subject. But on the plus side there’s always lunch and golf.