Most of you readers might agree that travelling is an exhilarating experience, especially after staying back at home all 2020. Your travels may be work, or for leisure, the enthusiasm of planning for your trip is always the same. There are many things you need to look for in your itinerary, your travel, stay, food, sightseeing and more. But one crucial part that you should never miss is the travel insurance policy.
Just like a health insurance insures your health, motor insurance safeguards your vehicle, similarly, a travel insurance plan acts as a safety net in case you face disruptions or inconveniences during your travels. The hassles can be of legal nature as well as personal nature. Baggage delay, medical expenses during travel, loss of baggage and other important documents like your passport, emergency evacuation due to natural calamity or terrorist attacks, legal liability due to a third person are some examples of what is covered by travel insurance plans. Now that you know what falls under the purview of travel policies, let’s look at what are the advantages of buying one –
Coverage for medical exigencies
Medical emergencies are uncalled for an arrive at most inopportune times. A medical emergency back home can be dealt with loved ones around you to provide mental and financial support. But in a foreign land across oceans, it is difficult to event communicate of such occurrence. This is where a travel insurance policy steps in ensuring you receive quality treatment at the right time. Moreover, in some cases where repatriation is required, such costs are also covered in the travel policy. This is especially useful in the case of elderly individuals who are most prone to ailments. For that you can purchase travel insurance for senior citizens that specifically covers the health ailments concerning old people.
Support for loss of documents
In an unknown country, losing crucial documents like passport can be disturbing since it is the only document that proves your nationality. A travel insurance policy includes the cost of procuring a duplicate passport giving you much-needed mental peace in such times.
Loss of baggage / Baggage delay
Most common inconveniences during travels, especially to international destinations is the loss of baggage or delay in receiving it. While the airline compensates for such delay or loss, up to a limited amount, the financial blow due to such loss can be hefty. With a travel insurance policy, you are covered for the entire amount of such loss.
Cancellation of trip or its interruptions
A travel policy benefits by including the non-refundable amount or any additional cost of transportation in case your trip get interrupted or cancelled due to either medical emergencies or due to natural perils. However, the amount of compensation is subject to the terms of your policy.
Lastly, a travel policy has the benefit of providing coverage for personal liability due to third-party injury or damages. Any legal costs associated with such liabilities also form part of its coverage.
Apart from the above, some travel policies also includes hijack distress allowance along with emergency accommodation if required. With these benefits in mind, it is an absolute necessity to have a Plan B with a travel insurance policy for your next trip. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.