Planning for a trip when you have elderly parents.
I just received a call from a client planning a trip to Paris. The cost of the trip is $5,000 and is non-refundable. She is most worried about her elderly father who has numerous medical problems but noyhing life threatening at this time. She wanted to plan the trip but cancel if her father became very sick.
The answer is trip cancellation insurance. This type of insurance will not only reimburse nonrefundable costs if you get sick but will pay if traveling companions or certain relatives get sick.
The catch is to buy the plan within 14 days of making the first deposit.
By doing this, the companies waive the pre-existing clause. This is most important of course if there are problems such as the elderly parent.
Go to www.internationalbenefits.com to learn more about trip cancellation insurance.
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