What to do when you’ve lost your Credit Card in your Travels

You thump your pockets, repeatedly checked your other pants, and thoroughly inspect all of your bags. You swear to yourself for realizing that you have lost your wallet. There are lots of important things put inside the secure folds of our wallets and perhaps nothing is more valuable in there than one’s precious credit card.

If your credit card is lost and/or stolen, you can get a lot of credit damage as the perpetrator may use up your entire credit limit. That is a double whammy if you ask me. Therefore, it is vital to report to your issuer(s) as soon as you discover that your credit card is lost or stolen. You must take action IMMEDIATELY and do not wait for tomorrow or even for a minute.

First and foremost, before actually losing something, you must understand that you are not immune to losing your credit cards.

Here are some guidelines on how to appropriately handle the situation: (more…)

A Trip to Australia is a Worthwhile Experience

If there is one place that has always put me in awe with its amazing natural scenery combined with its laidback and relaxed culture, it is definitely Australia. The people in that country as its own continent are just wonderfully friendly and in their own way, leniently hospitable. As a world traveler, I am fascinated with the geography and the things that I can freely do in the Land Down Under. My adventurous spirit is dancing but somewhat bewildered due to the countless and audacious activities possible. (more…)

Auto insurance – What happens after you file a claim?

Precarious times demand that auto insurance coverage is in order. Rash driving from others and personal mistakes on road apart from natural calamities can damage your car any given day. Luckily, if the vehicle is covered under auto insurance policy the damages can be claimed for if filed in the righteous manner.

The procedure for claiming auto insurance is not too dicey or difficult. Policy owners or insurers have to ensure their risk amount covered before contacting the helpdesk of the insurance company. Insurance service providers must be informed immediately about the cause of the damage, place, time and various other details as seeked by the claim handler representative. A claim id gets generated as soon as the claim is filed.

It is generally followed by an inquiry where-in an investigation is performed by the third part reps on the claim initials provided by the insurer. They submit their report to the insurance company and claim might get adjusted depending upon the damage and risk factors as mentioned in the insurance contract.

Insurer gets an official initiation from the insurance company about closure of the claim request and a cheque issued in insurer’s name is received. However, the cheque amount might be less than what the car had been insured for. The claim adjustors can adjust the claim post submission of report by the investigation agencies. Depending upon their feedback claim can be adjusted.

The process for filing a claim does not requires a middle man or an agent. Insurers can directly get n touch with the insurance company. The damage should not be concealed for substantial duration of time. And ideally, insurers should contact the insurance agency for the claim and other formalities as and when the incident takes place. (more…)

Top Ten Tips When Buying Travel Insurance

1.    Report all medical conditions – It is important to notify your travel insurance provider of all the medical conditions you are and had been suffering from. Otherwise, companies may use it against you.

2.    Include your family – If your family travels a lot, whether with you or on their own, you can acquire a much cheaper travel insurance option. However, most will not cover members under the age of 18 when traveling independently.

3.    Never fear to compare – Always have the vigilance to compare travel insurance policies with similar ones. Often, you will find that price is not always the main issue. Instead, it is the coverage stated.

4.    Be wary of the fine print – It is vital to read your policies carefully and meticulously. Be clear about the coverage statements and take note of the age limits and the like. Remember that travel insurance providers will do everything to avoid paying out.

5.    Make sure that it is from someone you trust – If you are feeling uncomfortable and do not trust the agent you are working with, it is best to halt negotiations. There are a lot of agencies that can protect and inform you if some agent is licensed or legitimate to conduct negotiations in your state.

6.    Consider annual multi-trip policies – If you are sure that you are going to travel frequently in a span of year, avail multi-trip travel insurance policies. You will most likely save a lot of money from that policy and it will generate less hassles on your future trips.

7.    Avoid travel insurance issued by travel suppliers – In many cases, travel related companies (such as airlines, hotels, car rentals, and cruise lines) will offer travel protection/insurance. There are more risks involved from these transactions. Stay with the primary travel insurance providers.

8.    Know which premiums to cut – Some things are already covered by your credit card company or home insurance. Try your best to determine these things and exclude them in your travel insurance coverage.

9.    Medical Coverage is the main priority – Self-explanatory.

10.    Seek help from people who know – If you are without patience and do not want to trouble yourself with the complications of understanding clauses, have someone with knowledge do the review and travel insurance comparison.

Why Travel Insurance is essential when going to Australia

Australia is one of the most visited countries in the world. What’s not to like? The things that every vacationer wants are in the “Land Down Under” – the beaches, the outback, the people, and the laidback lifestyle. (more…)