Bensman Risk Management, Inc.


Insurable Interests

Bensman Risk Management, Inc.
2333 Waukegan Road Suite 275
Bannockburn, IL 60015
847-572-0800 Phone
847-572-0502 Fax

Insurable Interests may offer general financial, insurance, tax and business ideas. However, due to the ever-changing tax laws as well as the complexity of the financial industry, you should seek professional advice before implementing any of the ideas contained in this newsletter. The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C. assumes no liability whatsoever in connection with the use of this newsletter.

Insurable Interests was created by The Bensman Group and Osmosis Digital Marketing. Neither The Bensman Group nor Kestra IS nor Kestra AS are affiliated with Osmosis Digital Marketing.

You are receiving this newsletter because you provided your email address to receive electronic communications from The Bensman Group. Please click on "Manage Your Profile" above to leave this email list or modify your profile. Thank you

Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC (Kestra AS). Kestra IS and Kestra AS are not affiliated with The Bensman Group, Bensman Associates Ltd., Bensman Risk Management, Inc. or Schemata, L.L.C.

request info email to friend

Insurable Interests

Vol. 13, Issue 12August 2108

FINANCIAL INTERESTS

Hidden Fees Can Wreck Travel Budget

You finally have saved enough for that special trip. However, there are fees you might not know about – and they can add up, according to NBC News. For example:

Hotel Fees

Some hotels and resorts tack on a “hotel fee” or a “resort fee,” which they say covers things like wi-fi, fitness centers, pools, etc. The thing is, you have to pay the fee whether you use wi-fi or the other amenities. And those fees can add up.

Currently they average about $27 a night, but in pricey resort locations, the fee can be much higher. In some Hawaii hotels, it is close to $50 a night. Hotels are required to let you know about these fees, although they often are buried in the fine print.

Not all hotels charge a hotel fee, but you should make sure to ask, especially if you are headed to a popular destination.

Added Fees in Basic Economy Air Fares

Several airlines added this fare level fairly recently, as a way to compete with low-budget carriers. However, there is no standard for what passengers can carry on at this fee level.

For example, on Delta you can bring one carry-on that fits in the overhead bin. But United allows you to bring on only a small bag, like a purse, that fits under the seat in front of you. So if you want to fly on these less-expensive fares, make sure you understand what you can and cannot do. Otherwise, you could be looking at fees you did not plan for.

Rental Car Fees

You might think you know what you are going to have to pay for your rental car. But it might be wise to think again. Rental car agencies often add fees for:

  • Drivers who are 21 to 24 years old. These can cost you $20 to $30 a day.

  • Adding a person – of any age – as a driver.

  • Dropping the car off at a city other than the one where you picked it up.

  • Losing your key, which can set you back $300.

  • Using the toll-pay feature that can come with the car. This is obviously a convenience, allowing you to scoot through toll booths. But make sure you understand exactly how you will be charged. For example, you might have to pay a daily fee even on days you don’t use it.

    Foreign Transaction Fees

    These are additional fees you might have to pay if you use your credit card outside of the United States. They typically are about 3 percent of what you spend abroad. Depending on the type of vacation you take, that can add up to a lot.

    However, some cards do not charge foreign transaction fees. These cards include all Capital One cards and some cards from Chase, Discover and Bank of America. Check with your card issuer before you go.

    This article was created by Osmosis Digital Marketing for use with permission by The Bensman Group.

    Photo © Cornelius20 | Dreamstime.com

  • copyright     privacy policy