Travelling is one of the best hobbies for some and can be a passion or work for some. We plan and save lots of time and money to make a happy and safe journey. Any uninvited situation can ruin a trip and the wrong time never comes by knocking at your door first. It barges inside without a substantial warning. In this blogpost, today we shall discuss the importance of travel insurance
- The concept of travel Insurance
- Should you buy Travel Insurance?
- Importance of Travel Insurance
- Benefits of Travel Insurance
- A prerequisite for International Travel
Concept of Travel Insurance
It is mainly insurance for unpredictable losses. It covers almost all the emergency medical conditions like injury or extreme health emergency. Death while travelling is also covered. However, it would help if you remembered that insurance could not protect you from a mishap. But it can provide you with the thing which you’d need the most at that time: money.
Some Policies Only Include:
- Reimbursement for trip cancellation,
- Delay in flights
- Railways, and other miscellaneous expenses.
Some Policies Go As Far As Covering:
- Personal property loss
- Paying of the ransom if abducted
- Damage to rented cars or bikes
- Replacing lost luggage
Travel insurances are generally risk based just like any other insurances. No insurance is full proof. It looks into a variety of criteria to determine your eligibility. The price range of your insurance is also determined accordingly. It also takes into account the place where you wish to travel.
For international travel, there are a different set of rules and regulations. Some travel insurances also take into account the medical conditions of the traveller. A traveller must tell honestly about all his assets and liabilities so that the best plan gets executed. Travel insurances generally come as packages. Most of the time, you can buy it from the place where you purchased the travel package.
Should You Buy Travel Insurance?
If you’re a frequent traveler of places within your country, you should consider buying the domestic travel insurance package. However, if you’re an international traveler, it is highly expected of you to have International travel insurance. There is a growing trend for buying travel insurance in recent years. Travel insurance today has become a sign of a foresighted traveler. It is something like an investment in your health and safety while traveling.
Importance of Travel Insurance?
The importance of travel insurance one can think of while buying insurance is the deep sense of security it instills. While traveling, there can be many apprehensions in your mind. One of them being “What if my luggage gets stolen?” In such a situation, travel insurance will come to your rescue. The insurance shall cover lost, stolen, or even Damage of any sort to your baggage. It would also be helpful if you misplace your luggage while traveling through a flight. However, it is not easy to claim a refund from the airlines. That is where travel insurance comes to your rescue. The best part about this insurance is that it covers you for quite uncertain things. It gives you a sense of security. You are likely to feel more protected and have sound health once you know you’re covered.
There are multiple facilities which travel insurance provides to you. It covers all the medical expenses, including transportation, hospitalization, evacuation, etc. The cost of evacuation is certainly huge because it is mostly unplanned. A natural disaster is usually the reason for your emergency evacuation. Where will you go? Where will you stay? How would you be able to make it back to your home? At that point, all these questions might hover over your mind. But you wouldn’t lose your calm if you have travel insurance. That is why travel insurance is a must if an emergency evacuation is one of your apprehension.
Even if it is not, you must think about it once. Putting your head in the sand like an ostrich would do you no good. It would help if you kept the possibility that people do die while traveling. The insurance company will also make sure to transport your dead body back to your home town or home country. This condition is known as emergency repatriation. You cannot handle any loss on your own. So that is why it is a must to get the protection of travel insurance with you.
Have you ever thought about what you would do if your flight gets hijacked? Don’t worry if you have travel insurance. Your insurance shall pay whatever compensation is due at your end for all the damages. You even don’t have to worry about your trip getting canceled for any reason. Your insurance shall compensate and refund you with all your bookings, be it hotels, flights, etc. You need not fear your luggage getting stolen, which is quite a problem in big cities. Even though the insurance cannot bring back all your valuables, your travel insurance shall refund and compensate you for all the damages.
Benefits of Travel Insurance
One cannot be vigilant of the upcoming dangers while traveling. That’s where travel insurance comes into play. Travel insurance, as we all know, cannot avoid or prevent the loss but certainly can help you lessen your grievances. There are countless benefits of having your travel insured—one of the most important is a sense of security. When one visits a foreign land, there are plenty of apprehensions. One usually thinks about the possible mishaps or untoward incidents that might occur. There have been instances where travelers lost their baggage in a foreign land and suffered from serious illnesses requiring hospitalization.
The people who indulge in adventure sports should keep in mind that any mishap travel insurance shall help you pay your insurance bills. This insurance is like a key to a plethora of options. You’ll not have to worry about the future outcome of a problem. Travel insurance shall cover any condition that would require immediate medical attention. Some travel insurances also cover pre-existing conditions.
Another incident that you might have watched frequently on television. Loss of passport can often land you in severe trouble. What if this gruesome incident happens to you on foreign soil? But fear not, my friend! If you have travel insurance, you certainly are safe.
Some insurance companies also protect already existing medical co-morbidities such as Diabetes, Asthama, COPD, Hypertension, etc. So if you have any of these diseases, you need not worry about them becoming an obstacle for your travel—all you need to look for insurance companies that cover your condition in their plan.
Travel insurances have a partnership with almost all well-known hospital chains. It can also help during an accident where you won’t have to worry about bringing money for a procedure or surgery. The insurance covers only those aspects of health that require immediate attention. It aims to equip the traveler mentally, physically, and financially for any toward the incident.
Insurance companies usually come with a guarantee of round the clock assistance throughout your travel. Right from the start of your journey to the very end. A good insurance company will always be there alongside you. You won’t be certainly not able to see them, but you’d know that your insurance company has got you covered from all sorts of miseries. You’d have peace of mind, which is a must while having a trip.
A Prerequisite For International Travel
The medical bills in a foreign country are usually much more as compared to India. You might have heard medical tourism is quite prevalent in India. People visit India to get themselves treated. The main conclusion from this statement is that Medical Treatment is relatively cheap in India compared to other countries. I want to stress that you must get your insurance before visiting a foreign country through this statement. There is a wide range of variety which International travel insurance offers. There are options for choosing between a single trip Insurance or multi-trip insurance.
Let’s look at it from some other perspective. What would you do in case of an accident or a third party injury in a foreign country? You don’t know the people out there. You are totally on your own. But you were smart enough to get your travel insured. Travel insurances also cover any damage, injury accident, and other emergency health services in a foreign country.
Travel insurance should be on the number one priority in your checklist while you are traveling abroad. You would surely never regret this decision. Try looking it this way, a small amount of money paid as a premium shall ensure you tension-free travel. Before finally hopping on to choose the travel insurance best suited to your needs, you need to invest your time researching the different deals and insurance plans. You must see what all services one insurance company which is missing in other travel companies.
In the next article, we’d be covering other importance of travel insurance. So stay tuned for the next blogpost.