Planning for an overseas travel requires extensive preparation to ensure that the trip would be enjoyable and safe. This is why travel insurance is an extremely essential part of travelling. It not only acts as a safety net against the risk of experiencing unforeseen medical expenses but also protects against other travel related emergencies for example – losing a passport or checked-in luggage baggage.
Here are the top reasons why travel insurance is a must for travellers!
Let’s say you pay 15,00,000 for a once-in-a-lifetime luxury cruise around the Mediterranean for your silver jubilee wedding anniversary. But just the day before sailing, your father suffers a serious fall and ends up going in the hospital. When you call the cruise to explain what happened, they’re compassionate — but you’re not getting your cash back on your holiday package. In such situations, travel insurance becomes a must.
When you invest in a travel insurance with emergency medical benefits, it can also pay for losses that cover medical and dental emergencies that occur during your holiday. Emergency medical transportation benefits can also pay you for transportation to the nearest appropriate medical facility, as well as the cost of getting you back home following a covered injury or infection.
Loss of baggage/ passport/ documents
This is perhaps the worst situation you can imagine while travelling. But if you invest in a travel insurance, you have help at hand. In case you lose your passport, your insurance will repay the cost of getting a duplicate or a new one. In case of missing things, you will be compensated for your loss up to an accepted sum; while if your baggage gets late, you will be repaid for the personal effects that you might have to buy for in the interim. This can be a huge help when you wait for your baggage to turn up.
Flight Cancellation or Delay
This is a common problem nowadays. It could be airline’s mistake, a natural risk, or a personal problem. In all the cases, you will be either repaid or refunded a certain sum as per the policy schedule. What if you need to cancel your travel plans? What happens to the money you spent on the air ticket? Fret not – It does not get wasted. Your insurance will repay you the unused hotel cost and travel tickets too.
Envisage losing your credit/debit card while you are on a holiday and you start getting texts that someone is using it? Scary, right? Not only are you losing your cash but you are losing money in a place where you might not even find help immediately. But if you invest in a travel insurance, that would not be problematic. Your policy will reimburse you for the money lost through stolen payment cards for up to 12 hours prior to the reporting of the incident.
In case you need help with anything on your holiday, insurance companies are available to help. The best way is to invest in a travel insurance plan that offers 24X7 customer support for claims overseas. This will help bridge any language barriers or geographical restraints, so you’re always covered no matter what!