No matter, whether you plan for domestic or international travel, your to-do list cannot ignore travel insurance policy. There are many torments undergone by people leading to canceled trips and other situations with the eruption of the pandemic.
Now that you are ready to go on trips, especially traveling overseas should not be taken lightly. Here are a few things to know about a travel insurance policy.
Why Buy Travel Insurance Policy?
1. Unexpected cancellations:
The last-minute cancellation due to an emergency is frustrating. However, to bear the loss, when situations are demanding, it helps, if you have travel insurance cover. Bear in mind; do not file for a pre-existing condition. It may not be favorable to cover the loss. Ensure the travel insurance offers a refund for the flight and hotel bookings.
2. Flight delays:
Most people face flight delays in their travel history. Nobody likes getting delayed, but having travel insurance covering flight delays is helpful. You are assured of financial protection with the claim amount in case of flight delays. There are auto-initiate claims as insurance companies track the delay.
3. Medical emergencies:
Dealing with a hospital emergency during an official journey or vacation is the last thing anyone would wish for. With the inflated medical expenses, handling medical emergencies overseas is very high. Having travel insurance covers consultations, diagnostics charges, room fees, and other expenses of hospitalization, ensuring no personal liability.
4. Baggage delays:
Collecting your luggage is frustrating at the baggage carousel that takes a long time. Besides, after traveling overseas, with baggage delays, you lose patience. These are rare, yet you cannot completely write off the possibility. Ensuring the check-in luggage means there is monetary compensation for the loss given by the travel insurance.
5. Loss of money or passport:
During travel, everyone is extra cautious about their belongings. Yet, losing phones, money, debit and credit cards, headsets, and passports is not rare. You may be a victim of theft or may have been left behind or misplaced. Again, an insurance travel policy may help cover for your losses, ensuring a safe return.
Who Should Buy a Travel Insurance Policy?
1. Meticulous traveler:
Planning a vacation offers complete control of the journey that you do not anticipate uncertainties and surprises. Unplanned situations are always frustrating, and having travel insurance covers unexpected expenses, assuring financial protection. Your itinerary is incomplete without travel insurance.
2. Adventure junkies:
Travelers with adrenaline rushing may love adventure sports such as bungee jumping, scuba diving, skydiving, trekking, and river rafting. It may interest and add to the excitement and with these inclusions, travel insurance is a must. Even if you need hospitalization or are injured, there is no personal liability as you have travel insurance handy.
3. Impromptu traveler:
These travelers like spontaneity and are nomads by heart. They do everything at the last minute, whether it is booking hotels and flights, or bag packing. If you belong to this traveler class, get travel insurance than getting stranded in some unknown place without cash.
Factors to Consider
Compare 3 quotes of travel insurance policy and choose one fitting your needs is the best. The key parameters to consider while buying policies include:
1. Claim terms before signing.
Get a clear understanding before signing the claim, if not, it may get rejected or cost you more.
2. Missed-call services.
It is costly to call from an international location to your home country. The services of missed-call will keep you connected to the registered mobile number.
3. Paperless process.
It is now a tech-enabled ecosystem, and everything is online. Find an insurance provider offering digital services to make a claim. It will keep you out of worry about documentation and hard copy.
