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Fears that Europe's sovereign debt crisis will spiral out of control sparked a panic on Wall Street as the markets posted their steepest losses in more than a year and the Dow suffered its worst-ever intraday loss of 998 points, a selloff that may have been exacerbated by human error on trading desks.
Today’s Markets
The Dow Jones Industrial Average fell 347.80 points, or 3.20%, to 10520.32, the Standard & Poor's 500 dropped 37.75 points, or 3.24%, to 1128.15 and the Nasdaq Composite lost 82.65 points, or 3.44%, to 2319.64. The FOX 50 sank 28.40 points, or 3.33%, to 823.99.
The massive selloff, which left the Dow at its lowest point since early March, gained momentum as television images of protests outside Greece's parliament triggered big fears that Europe won't have the political will to get its debt crisis under control.
“The tone and tenor of the global debt crisis has taken over the market. Everything else has taken a back seat,” said Peter Kenny, managing director at Knight Capital Partners. "This is a currency crisis that has the potential to blow up into a global financial crisis. The only thing that’s going to turn this thing around is action.”
Annual Holiday Insurance for Europe
The majority of travel insurance policies sold are for single trips, but suppose you are a retiree who has relatives or a timeshare property in Europe (or both)? Or maybe you make frequent trips overseas on business. Many insurance carriers now offer annual holiday insurance for European travel.
What Does Annual Holiday Insurance for Europe Cover?
Buying annual European holiday insurance for your family or just for yourself ensures that you are covered for any travel to Europe within a year of the policy’s start date. Coverage varies from provider to provider and from policy to policy, but a typical annual holiday insurance policy for Europe includes reimbursement for any medical expenses incurred abroad, any cancellation or interruption of your trip and any emergency travel that you might be forced to make during the course of your vacation.
Where Can I Find Annual Holiday Insurance for Europe?
At one time, the obvious answer would have been “at the travel agency where you booked your ticket”. But if you’re reading this online, chances are you’re not the sort of person who would book their travel at an old fashioned bricks and mortar travel agency (if you can still find one). More than half of all trips are now booked online, and travel insurance has to follow suit. Fortunately, there are a number of websites that sell annual holiday insurance for European trips online.
Travel Insurance Services is a company established in San Francisco in1973. In 2004, it was acquired by USI holdings, America’s eighth largest insurance company. It provides an annual travel insurance policy called Voyager that allows travelers to sign up once per year and which covers medical expenses, trip cancelation or delay, hazardous activity cover for extreme sports and an optional concierge service that can help with such things as restaurant reservations, local activity information and even the latest football scores. Should you require hospital treatment overseas, the policy can cover a round trip plane ticket for a friend or family member to visit you, and in the event that the worst happens, it will also cover the repatriation of your remains.
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Online Travel Insurance specialists - Single trip, Winter Sports & Annual Travel Insurance for UK residents. Prices from just £6.18 for a 3 ...
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