Have you booked any holiday recently and didn’t find it necessary to purchase a travel insurance policy? Well, most of us tend to do that. It is often ignored by travelers like us, as we see it as an extra sum of money, which unnecessarily goes out of our pockets.
If you look at the benefits of investing in a travel insurance policy, you would know how it will safeguard you against all the possible perils. So, the next time you happen to make a travel booking you would not give it a miss.
If you are travelling abroad, you can buy an overseas travel insurance policy. And if you are travelling with the country, you can book a domestic travel insurance policy.
It always better to safeguard yourself against any unforeseen circumstances, so that you can enjoy your trip without any apprehensions. You would be covered for trip cancellations, loss or theft of baggage, trip curtailment, flight delays, emergency medical treatment, death or dismemberment, and emergency evacuation.
Have a look at the benefits of having a travel insurance policy in detail-
- Delayed Baggage Cover
You don’t need to fret in case of baggage delay as it would be covered under your travel insurance policy. Your travel insurer would recompense for the essentials that you would need to buy, in the absence of your luggage. The facility is provided in case the luggage is delayed from the airline’s end or if it is lost in a common carrier. It would cover the cost of any medicines, toiletries, and clothing that you might need to purchase until the luggage is returned to you.
You would need to provide the payment receipts to the insurer to authenticate the purchase made by you. Do not forget to take a letter from the concerned airlines, assuring the incidence of baggage delay from their end, in which the time for which it was delayed is also mentioned.
- Cover for Loss or Misplace of Passport and Travel Documents
You might lose your passport accidentally or due to theft. This benefit would recompense the cost incurred in acquiring the duplicate passport and also travel documents. The travel insurer would assist you in the replacement process. The insurance company would also help you in coordinating with the local authorities or nearby Consulate Office.
- Trip curtailment and Cancellation
It is the most heart-wrenching incident for any traveler. But your insurance company would indemnify for any delay or cancellation of your flight or trip due to any emergency or mistake from airline’s end. The insurer would recompense you for the loss arising due to such annulment or curtailment, including hotel stay, additional travel expenses due to such delays.
- Emergency Medical Expenses Cover
When you travel abroad, you might be oblivious to the cost of medical treatment and hospitalization. If you happen to fall sick, or there is a serious accidental injury, and you do not have overseas travel insurance handy, then you would end up paying a fortune.
Travel insurance will save you from running to pillar to post and recompense the hospitalization expenses and the cost of medical treatment abroad. It has to be done in the hospitals that fall under their network. You can easily address your concern to your travel insurance provider as they provide assistance round the clock assistance overseas.
- Emergency Repatriation Cover
You must have read this one in all the travel insurance policies that you might have gone through. This benefit covers emergency medical evacuation to a nearby hospital, assists in providing medically equipped return flights to home and all this is based upon the medical conditions.
Under certain circumstances, the person who is undergoing the emergency treatment has to be sent back to the home country for further treatment. This also provides emergency repatriation of mortal remains to your hometown or country.
- Accidental death and dismemberment Cover (AD&D)
It covers death or mutilation of the policyholder due to an accidental injury, resulting in the loss or total disability of the body parts including - limbs, eyesight, and speech and hearing impairment.
- Personal Accident Cover
In case there is an unfortunate incident during the trip, which results in a bodily injury, leading to the death of the insured or total disability, the nominee would be compensated as stated in the insurance policy terms and documents.
- Compassionate Visit by a Family Member
It is included in an overseas travel insurance policy. You can also buy this as an add-on cover. If any of your family members is travelling overseas to meet you abroad. And unfortunately, during that time if you happen to be hospitalized for more than a week due to a medical emergency, then that family member’s flight cost would be borne by the travel insurance company. The amount of reimbursement would be as mentioned in the policy terms.
- Personal Liability Cover
If there is any loss or injury caused by you to any third party in a foreign country, it can land you in deep trouble. But if you have a travel insurance plan providing third party cover, it would save you from the financial and legal troubles.
- House Burglary Cover While You are Away On A Trip
If you want a house burglary cover, then travel insurance proves to be of great help. It will safeguard you against any loss or damage arising due to a burglary attempt in your absence during the policy period.
- What if you need emergency cash assistance?
If there is an incidence of theft and you happen to lose all your cash and cards, from whom will you seek help? Here travel insurance turns out to be no less than a friend, who would provide you with emergency cash assistance in an unknown destination. The amount is subjected to policy terms and documents.
Travel insurance is one of the most common insurances taken by people. It is imperative to have a travel insurance policy handy while going on an international vacation or domestic trip.
Whether you are going on a business trip, educational trip or going on a leisure trip individually or with family, you should secure your trip with an adequate insurance policy. Most of the travelers ignore purchasing a travel insurance policy, as they find it difficult to understand the inclusions in the various insurance plans and how it is going to cover them against various risks and damages which may arise during their international or domestic trip.
Now that you are aware of the benefits of travel insurance and the coverage it provides, you would be in a better position to decide which policy would meet all your travel requirements and concerns. You can make an easy comparison online and zero down on the policy that is offering you the maximum benefits.