Summing Up Flight Insurance

You may have better flight coverage than you think. First, life insurance - personal policies and group - cover the traveller worldwide, and pay off whether he is killed in a crash landing or by falling in the hotel shower. Health and accident insurance generally covers worldwide, too, and just as fully, under both personal and group policies. Company group medical usually covers a business trip of any duration, and vacations up to six weeks. A leave of absence may not be fully covered.

Baggage insurance is buried in the standard homeowner's policy. A homeowner is covered against "off-the-premises" loss or theft for up to 10% of the value of the contents of the house. By formula, if a home is insured for, say, £40,000, the owner automatically has £2,000 worth of baggage-loss protection. Extra baggage coverage can be bought at the airport.

Special travel insurance comes in various shapes and sizes. It can be bought on a yearly basis, or on a single-trip contract. A "Travel-accident" policy provides comprehensive flight coverage in the air, boarding the plane, making connections at the airport, and it even protects a traveller while he is on his way to or from the airport. For just over £20 a year, a £50,000 death benefit is paid. A single-trip travel policy protects the traveller 24 hours a day. It stays in effect while he is in the airplane - or in a night club. Cost is, of course, on the high side. A 10-day policy, for example, pays £50,000 for death and £5,000 for medical - for £20.

Lawsuits: When an airline is sued for an injury or a death on a domestic flight, there are no recovery limits for the injury, but some states limit death recovery to the £50,000 to £120,000 range. If an international flight touches UK. shores, the usual limit is £75,000 for death or injury.

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Cutting Costs On Auto Coverage

No-fault auto insurance may be your only hope of cutting basic auto protection costs. Pioneered in Massachusetts, the idea of paying claimants regardless of who was responsible for an accident has already rolled back some premium rates. But, while the concept has taken hold in one form or another in many states, the savings from no-fault are still no more than a hope for most UK. drivers. No-fault has yet to shake down into a real money-saving concept on a wide scale.

While you wait, however, there are some moves you can make to shrink annual premiums. The secret lies in the optional deductible clauses of auto policies. The deductibles usually apply to collision insurance and comprehensive... see: Cutting Costs On Auto Coverage