Insurance Should I or Not- Part 5


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CHARLOTTE -C/ Accidental Death and Dismemberment; This is a very limited policy that pays a stated amount if you die, or suffers a dismemberment during a stated period of time, usually the travel dates. It is very popular due to the low costs to cover flight accidents.

D/ Vendor Policies; These are special policies that give limited protection against any financial loss you might suffer while using the vendor’s product. An example is an airline’s Policy that covers any change fees, or refunds money paid, should you have to cancel or change arrangements. The US Government is currently working on legislation surrounding airline refunds versus “Future Travel Credits”. The same legislation has been discussed about Cruise Companies and refunds versus “Future Cruise Credits”.



E/ Annual Travel Insurance Coverage; This policy is very similar to the Travel Insurance Policy, except it is issued on an annual basis, and covers all travel arrangements you may make in a given 12 month period. One of the chief differences is that the coverages for losses are stated amounts rather than the actual costs of losses. All of these policies have annual limits as well as some subtle differences, and they are available for entire families as well as individuals. These policies are, of course, more expensive than single trip coverage, but very advantageous to couples who travel more than once a year.

Please call Phil or Barbara at (980) 406-1650.  We are proud members of the Mint Hill Chamber of Commerce.

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