Travel InsuranceTraveling and vacations are a great way to relax from our busy and monotonous lives. But for many, traveling and exploring different places is life. Few choose to travel by air, few by road, etc. according to their comforts. For people who travel frequently, there is one thing we miss and almost consider not important and that is Travel Insurance. We tend to ignore buying travel insurance because according to the Indian mindset, it is only an extra tactic to increase our bill amount. We fail to look at its positives and advantages and end up traveling without one. If in an unfortunate incident you are in trouble in a foreign land and you have been robbed or a medical emergency or luggage problem, etc. it will be very difficult for you to get help in any of these cases. In a medical situation it is more difficult because of the currency exchange and custom duties, etc. In case of robbery, until you get a passport or clearance from the Indian embassy, you are in big trouble. A travel insurance can be a savior in all these unfortunate incidents. It offers you protection financially and medically against all odds that you may face during your trip. We are not saying that it will happen, but it’s smart to be prepared for such events. Many websites have different names and definitions for this but it is important to know the concept in its basic form.
What Is Travel Insurance?
Travel insurance is an essential insurance that one buys to protect himself/herself against unexpected travel accidents, medical expenditures, baggage loss or delayed arrival of luggage, passport and other documents loss, flight delays, etc.
Enquire with your insurance provider before you purchase a policy, regarding what it covers and for what period. Generally, travel insurance is applicable for a specific tour. But few companies offer you packages and deals that may favor you if you are a frequent traveler.
Benefits Of Travel Insurance:
You may already have figured out the usual benefits of a travel insurance. Here is a detailed list of benefits of owning a travel insurance;
- You can claim reimbursement and get cover against medical expenses that you paid for the accidents or general illness. This benefit is very useful if you are traveling abroad. Medical treatments are extremely expensive in foreign lands. Remember, this is a comprehensive plan not a third-party liability.
- In case of emergency medical situation where you or your co-traveler are covered under family or group travel insurance, have a medical emergency and you need to be transported from one place to another, the expenses will not be borne by you. This will be covered in travel insurance.You can get compensation for losses and interruptions, in case you are canceling your trip or you have to travel back sooner than you planned. Travel insurance also covers baggage delay and loss along with emergency accommodation expenses.
- Few insurance providers also offer services 24 hours in case of an emergency wherever you travel through their network. This service is very helpful in the places where you are not familiar with the language.
- Coverage against loss of passport, theft, canceled flights, cut short trips, baggage loss, etc. for more details enquire with your insurance provider in detail.