To globetrotters, exploring different parts of the sphere is something beyond just excitement. On the other hand, to most of us availing travel insurance often sounds very redundant and a lumber of unwanted expenses. This is why the essence of travel insurance has always been underestimated by travellers, and the actual purpose of it only comes into existence when things go wrong with no assistance to get by.
There is no denying of the fact that travel drives us to various uncharted corners of the plant, while the other side of the coin also says that travel does contain various concealed perils. Therefore, to guard against such unforeseen menaces, it is always recommended to buy travel insurance before your voyage. To get a clear picture on travel insurance, read on this post and you will find out the reason why it should be an integral part of your trip:
What is travel insurance?
This is an insurance, which is intended to back various expenses and losses incurred during the trip. For example; medical expenses, accident and injury, pilferage of luggage, flight cancellation etc. Travel insurance can be availed by a traveller while booking a trip, and based upon the service provider and type of policy you avail for a particular country, the options and insurance coverage costs may differ.
The leading players
Travel insurance is an immense functional area to cover. In today’s cutting edge market scenarios, numbers of Travel Insurance Companies are there that one can approach to. However, the list of key players in this field is limited. Some of these include Chola MS, Bajaj Allianz Travel Insurance, Tata AIG Travel Insurance, ICICI Lombard, Religare, Travelex, World Nomads and First Allied. Depending on the purpose of visit and duration of stay, one can buy some of the useful policies like Corporate Travel Insurance policy, Individual Travel Insurance policy, Senior Citizen Travel Insurance policy, Family Travel Insurance policy and Student Travel Insurance policy.
Why Travel Insurance?
Having said the propensity of unforeseen perils involved in travelling, buying travel insurance is always a smarter idea to enact. To be more explicit on the prerequisites and various instances that are covered under the travel insurance, here’s what you need to know:
#Cancellation of flight
What if you get to know that your flight to home has been cancelled due to some uncalled reasons? Under such instances, who will you call for assistance? With relevant travel insurance coverage, such last moment hassles can be compensated to a great extent. There are various policies that can pay off such issues by booking your next flight or by arranging your stay in a hotel before the flight. Thus, with travel insurance converge, cancellation of flight is no more a concern today for travellers.
#Loss of Belongings
Nothing could be more infuriating than losing your baggage on the fly. At times, it happens that passengers wait long near the baggage belt and remain clueless finding their belongings are missing. Under such circumstances, an insurance coverage may stand quite handy. There is a special cell or unit who steps forward to help you out in finding your luggage. In addition, travellers are also reimbursed to buy their essentials during the trip.
You reach your hotel and get to realize that you left your passport at the eatery that you visited this morning. By the time you contact the eatery, your passport is already lost. What next? This is where the need of a well-protected insurance policy can be felt in fixing your distress. There are various insurance providers that cover such losses by expediting the process of replacing and paying for the issuance of a new passport.
#Need of emergency medical evacuation
New country, far-flung destination and you are left with an ailing family member of yours. You find no adequate medical facilities in and around the destination and the situation turns more unfavourable for you to get to back your home. Here’s how medical evacuation coverage can help you out without letting you break the bank bucks. Under such cases, an insurance coverage can help a traveller by catering safe transpiration and medical facilities to deal with the emergency situation.
These are some of the commonly faced instances by travellers. However, there might be various other startling instances as well that may jeopardise the trip of a traveller. Some of these instances include terrorist attack, travel company files bankruptcy, emergency assistance services, natural calamity etc.
How to grab the best deal?
Finding the best and well-protected travel insurance policy is always a challenging endeavour for travellers. It leads them to go for various policy comparisons that best fits into their travel requirements. If you are in quest of availing the best insurance coverage before your next trip, here’s what you need to count on:
- Know your needs that can best be filled up by the insurance policy that you wish to avail
- Consult anyone who has good experience in travel insurance
- Avail something, which is not covered in your home policy and bank
- If you are a frequent traveller to any foreign terrain (three times a year), go for any service provider that caters you good annual coverage
- Check for the medical exclusions and age limit stated under different policies
- For independent voyager, scheduled airline failure cover is quite handy
- Compare the costs and benefits that add value for money
- Goggle the customer feedback/reviews regarding any insurance company and its services
These are some of the useful pointers to evaluate the best and effective service provider in the said domain. If you have something more to add, you can also share your valuable inputs in this regard.