Safeguarding against travel accidents when catastrophe erupts
The eruption of Iceland’s Eyjafjallajokull volcano last month has disrupted air travel for hundreds of thousands of people and has created a ripple effect of travel-related crises. In order to mitigate the possibilities of luggage loss and to prepare for the need for travel funds—in case you are stuck in Antwerp for two weeks—you need-better-than average travel accident insurance.
Many travelers throughout Europe have been stranded, either waiting to begin their travel or waiting to return home. But probably the most miserable travelers are those stuck in an airport that is between home and their destination. These travel “exiles” must find lodging, food, clean clothes, and even alternate forms of travel. One thing is certain; the happiest travelers are those who purchased excellent travel accident insurance.
Not all Travel Accident Insurance is the same
While travel insurance can be a lifesaver in unforeseen circumstances, not all policies are the same. For example, not all policies provide coverage for volcanic eruptions. Therefore, those who rely on air travel should protect themselves with the very best travel accident insurance.
Stuckey & Company offers Chubb’s Business Travel Accident Insurance to meet the needs of today’s business traveler. BTA coverage can include basic services such as lost luggage, lost travel document, and transfer of funds services. In addition, medical services are available such as emergency medical evacuation, transportation to join a hospitalized member, and return of dependant children. In the case of a volcanic eruption, travelers can prepare themselves with adding Natural Disaster Exclusion back into the policy. By working with an approved credit card company, travelers can also access trip cancellation converage.
When emergencies occur, business travelers require fast service. Transfer of medical records, identify theft, and communication with family members, employers and home physicians are all time-sensitive issues. Stuckey & Company’s Travel Accident Insurance provides peace of mind with 24-hour worldwide insurance services, including blanket war risk, kidnap and ransom benefits, and accidental death coverage.
The airline industry continues to adjust to the effects of the current economic meltdown, as well as escalating security threats and delays. Business travelers are especially vulnerable to changes in flight restrictions, cancellations, and shuttle vagaries. But according to a recent USA Today article, even with economic uncertainty, it is a good time for business travelers to fly. Domestic fares are down to pre-2007 prices in many markets. Plus, the International Air Transport Association has reported that premium and business-class air travel declined 13.3% in December over the previous year. Airlines have responded by deeply discounting their fares. Businesses will continue to expand into remote and less-developed areas, and travelers must be covered for a wide range of risks.