Insurance is most useful for rare but severe losses. Frequent but minor losses should be self-insured (i.e. paid by you), for precisely the reasons you stated.
If my home burns down, I don't care that insurers make money on homeowner's insurance. I can't afford a few hundred thousand dollars to replace my home and contents. No amount of saving behaviour ...
What you've described is the case for all insurance. If the expected value of the insurance policy for the average buyer costs more than the premium, the insurance company will eventualy go out of business because they're paying out more in claims than they collect. All insurance, on average (as phoog notes, if you know your own risk is higher than average ...
"Why should you have travel insurance?" - because the insurance company makes money from it. That is their reason to offer it.
What is your reason to have insurances? If you have the need to cover your potential loss because it's catastrophic for your personal situation. You definitely should cover your house with insurance, because if it burns down, you ...
Is the claim true? Will the hospital discharge you without presenting any bill?
Yes, the claim is true, in part:
Treatment in A&E departments and at GP surgeries remains free for all.
Summary of changes made to the way the NHS charges overseas visitors for NHS hospital care
However, subsequent treatment is not free:
4.3 The current list of ...
An answer relevant to UK residents: use your UK-issued credit card.
If you purchase an airline ticket with a credit card issued by a UK bank, the bank is liable to you for any breach of contract by the airline (including if it goes into bankruptcy). This follows from Section 75 of the Consumer Credit Act, 1974.
To emphasize, because of some confusion in the ...
First off, don't let anyone tell you it's not worth it: you can find cheap cars that are very likely to keep running for a the duration of your trip. They won't be in the best shape, but that's true of buying second hand cars in general. If you are under 25 years of age, car rental will be very expensive and buying is (in my opinion) the better option.
The thing to bear in mind with insurance is that you always expect to pay more in your premium than you would expect to get paid from the policy. If you're insuring against a 30 minute delay for a single flight, the cost of the cover will be very close to the amount you would get paid in the event of a delay, since as you observe, such delays are very ...
Unfortunately, you're out of luck.
Missed Flight Cover is an optional Travel Insurance for which there is an additional fee. Did you pay the fee?
Any Compensation regulation does not apply because you were a no-show. The flight operated presumably on time, and possibly from the new gate.
What happened? A probable scenario is that the flight was very ...
The basic principle of buying any insurance is that it is only prudent to do so if you can't afford to pay out the potential liability out of pocket. That's why getting insurance for something like a mobile phone is generally unwise as most people would be better off self-insuring by buying a new device whenever needed.
So no, don't buy insurance if you ...
There is no requirement that visitors to the Schengen area (which Czechia is part of) need to be invited by a citizen or resident.
The standard procedure is that your friend would apply for a visa for a tourist visit on his own behalf and get a visa on the strength of his own circumstances. Then once he arrives he'd be free to visit you or not.
You can get insulin without a prescription in USA. However, since it won’t be the kind you’re accustomed to, you should get a doctor’s advice.
Travel insurance usually covers a range of problems that might happen while traveling including lost luggage, rental car towing, and tour cancellation fees, not just health insurance.
As to whether any type of insurance meets requirements, that can vary as there are hosting agency requirements and there are government requirements:
University or hosting ...
In Czech Republic, invitations (pozvání) are highly formalized and often impractical. Here's the process:
Depending on the type of invitation (see below), you may need to prepare a bank statement or ATM slip showing how much funds you have.
You visit a foreigners' police office (odbor cizinecké policie) and fill out a form on a computer. The form is printed ...
Here are some airlines that mention refund upon visa refusal:
"Most Russian airlines"
Looking at the fare rules for a sample of airlines, I see the following text in a sample Air China fare regarding refunds:
WAIVED FOR TICKETS ISSUED AND ORIGINATING IN CHINA IN CASE OF
REJECTION OF VISA.
And a sample Qantas fare:
TL;DR: You need liability insurance with a high limit. Your credit card won't get you that. Try to get your liability insurance from home, and failing that buy it at the rental desk. Your credit card might help you if you wreck the rental car, but read the fine print if you are relying on your credit card for that.
You Need Liability Insurance (from ...
Those machines seem to have been quite common. Here is a photo of one:
There were even patented, but unfortunately the patent does not reveal the financial background. From this court case however, you can read about the process of making such a purchase:
The policy set out across the top the following specifications: "Do Not Purchase More Than a Total ...
They are worthless.
Happened to me some years ago, drove to Miami, walked in the airport, just to find the counters closed; at the neighboring counter they told me that they filed for bankruptcy this morning. I had to buy a new ticket from another airline (for an arm and a leg, of course).
Note that if you bought the ticket through a provider (like kayak, ...
In many regions of Spain and depending on the circumstances, the costs associated with search and rescue are passed on to those who need it. It has been the subject of intense media coverage in recent years.
Tenerife News: Reckless behaviour will cost you dear.
The new rule which allows the Canary government to charge for rescues caused by “reckless ...
Acording to ECTAA there is no regulatory protection against airline failure in Europe:
PASSENGER PROTECTION AGAINST AIRLINE FAILURES
When a tour operator or a travel agent goes bankrupt, there are
financial guarantees in place to protect passengers, under the EU
Directive on package travels and in the framework of the IATA
Passenger Agency ...
Medicaid does not cover medical care outside the United States. In addition, you should check your state's eligibility rules to ensure you don't need to re-enroll when you get back, as your coverage may lapse if you leave for a longer period of time (sometimes 30 days).
You can prepare for this situation by purchasing travel insurance, either on a per-trip ...
Since I work in US on H1B visa, is it possible for me to cover my parents under the insurance provided by my employer?
Probably not. This is generally only available for your spouse and dependent children, and even then, you usually can't add people to your policy at any time, only during certain times of the year or at times when your circumstances change. ...
According to the Free Dictionary, for made-up:
(Civil Engineering) (of a road) surfaced with asphalt, concrete, etc
Also (thanks to @user568458) from Collins:
(of a road) surfaced with asphalt, concrete, etc
The bad news is: it's such a broad topic & there are so many insurers out there that it's very time consuming to understand which insurances are actually "good" for you.
The good news is: I had the same problem & did loads of research, so read on!
Regarding health-related insurances, you are looking for what is usually called an "...
Doesn't it make sense to, instead of buying travel insurance, just save the money you would otherwise pay for it and when something happens to you, pay it from this saved money?
Frequently, yes, but as other answers note, some of the things you might have to pay for can cost more than you probably can save. Medical evacuation can cost more than most people ...
In Australia we don't say "unmade up road" we just say "unmade road".
Assuming there isn't a technical rather than just a dialectal difference, our classier way to say that is "unsealed road".
And the less classy way to say it is "dirt road".
I feel I'm only making a very slight risk by assuming it's the same in the UK.
If you believe the UK MotorInsurers'Bureau page on the green card the green card is not necessary within the EU if the car is registered and insured in the EU:
I have been told that a Green Card is not necessary for travel in
Europe. Is this true? It is correct that a Green Card is not required
by law to cross borders within the European Union. This ...
Travel health insurance is not mandatory for people who do not need a visa to enter the Schengen area (including people from annex II countries like Brazil and people from other countries who hold a residence permit from a Schengen country).
The travel medical insurance requirement is defined in article 15 of the Schengen Visa code and then mentioned again ...
Yes, medical insurance is absolutely necessary if you visit the US.
Technically he will be allowed into the country, but without medical insurance, in the US (the most expensive country in the world to be sick in) any kind of accident or illness can result in him being liable for hundreds of thousands of dollars - maybe more. Provincial coverage of out-of-...
Answering my own question because this took a lot of legwork:
We found precisely two insurers who cover travel beyond 26 weeks. (Only for uncomplicated births: no multiples (twins), no IVF.)
Columbus Direct offers coverage up to 36 weeks in some countries. However, if you're based in Australia, their limit appears to be 30 weeks, and that requires an ...
On about the 5th attempt, I found some useful stuff with searches based on "travel insurance against foreign office advice".
This kind of insurance is sometimes called "high risk travel insurance" or "war and terrorism travel insurance".
Travel Insurance Center has a handy compare tool for high risk travel insurance that lists about 6 providers and ...