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.

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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.

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Insurable Interests

Vol. 12, Issue 7March 2017

MONTHLY MESSAGE

Travel Insurance Can Save You Money and Hassle

If you are taking a weekend trip to visit family or to go camping, you probably don’t need to worry about travel insurance. But if you are considering a more expensive trip or one that goes farther afield, there might be some reasons to look at travel coverage. For example:

What if you or a traveling companion can’t make the trip? You might get sick or have a family or work emergency that keeps you from making your journey. And that could leave you on the hook for a lot of money that you already have spent for airline tickets, prepaid tours or cruise travel, etc. Travel insurance can protect you against this kind of loss.

What if you have to interrupt your vacation? Maybe you or a companion gets sick or has to return home for some other reason. Or maybe your tour company goes broke in the middle of your tour. Again, travel insurance can get your money back for the part of the vacation you are forced to miss. Similarly, you have coverage for costs you incur if you experience a travel delay that causes you to miss a connection.

What if you need to be evacuated to a hospital? Depending on the terms of your policy, you can be covered for the cost of getting you to the nearest qualified medical facility or even for bringing you back to your own doctor.

What if your health insurance is Medicare? Traditional Medicare policies do not provide coverage outside the United States, so if you are traveling abroad, you need supplemental coverage.

What if you are robbed? Travel insurance can cover losses from theft or robbery. It also can help you replace cash and important papers, such as a passport or airline tickets, quickly and efficiently.

And some policies even include concierge service to help you arrange tee times, restaurant reservations and the like.

If you think you might need travel insurance, just give us a call. We can explain your options and help you find a plan that is best for you.

Similarly, if you are traveling to less-developed or more-dangerous parts of the world, you might want to consider specialty forms of coverage that can provide additional protection for you and your family. We also can help you sort out your options for these coverages.

Finally, we urge you to take some basic precautions when traveling, especially to more-remote areas:


  • Be discreet. Don’t wear expensive jewelry or flash large sums of money. Be aware of your surroundings.

  • Don’t advertise your absence on social media. It lets potential thieves know that you are not home.

  • Turn off your phone’s geo-tagging feature, which shows that you are far from home. And, since most geo-tagging is in real time, it also lets people who might want to rob you or otherwise harm you know exactly where you are.

  • Before you leave, check the U.S. Secretary of State site at www.state.gov/travel. It has all kinds of useful information, from what to do if your passport is stolen to what countries might not be safe for travel.

At The Bensman Group, we are happy to help you with any of your insurance needs. Please contact us at 847-572-0800 or dmiller@bensman.com.

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