A travelling insurance can help you get coverage against the monetary loss arising out of any unfortunate events during the travel or your stay overseas. Read on to know more about the importance of travel insurance policy.
No matter, if you are travelling abroad or within India, with a group of friends or solo, you would surely want to have a pleasant experience, right? However, while on a trip, you may come across many challenges, especially when you travel abroad, which can cause monetary loss. Hence, it is best advised to invest in a robust travel insurance policy to get coverage against such losses.
Today, many insurance companies in India offer travel insurance at competitive prices. While booking your ticket, you can come across several international flight booking sites that prompt you to purchase travel insurance before making your payment for the ticket. You can compare the travel insurance plans from different insurers in terms of policy premium, the coverage offered, and other benefits before making the final decision.
If you still think travel insurance is an unnecessary expense, knowing its benefits, as mentioned below, may help you change your mind.
- Get coverage against medical expenses
Medical emergencies can occur at any time. But, irrespective of where you are, you deserve to get the best medical care. And, one of the major benefits of travel insurance is that it provides coverage against medical emergencies during your travel or during your stay overseas. Depending on the policy’s coverage terms, you also get coverage for airlifting you back to India for treatment.
- Coverage against loss of baggage
While travelling abroad, loss of baggage is the last thing you would want to experience. It can be a massive mood spoiler and not to mention it can cause a major loss. But, in such a circumstance having a travel insurance policy can be a tremendous relief. Depending on the policy terms, you may get full compensation for the baggage loss or up to a specified limit.
- Covers legal expenses
Legal matters can be difficult to deal with, and it can be even more challenging if you are facing a legal issue in a foreign country. However, if you have a travel insurance policy by your side, you can get coverage against the legal expenses related to third-party claims. Generally, most travel insurance plans in India cover the legal expenses up to a maximum limit of the sum assured.
- Allows you to get emergency accommodation
This is another significant benefit of buying a travel insurance policy. When you are travelling abroad, the last thing you want is to be greeted by a natural disaster like hurricane, storm or earthquake. In such a situation, you may need emergency accommodation. And, arranging an accommodation can be less challenging if you have travel insurance as it helps you save the expenses that may otherwise burn a deep hole in your pocket.
- Coverage against trip delay
Due to any unforeseen circumstances, if your trip gets delayed or you are forced to postpone your travel, travel insurance helps you cover the losses against such delays. Based on the type of policy you have and coverage terms, you can get an additional meal, accommodation facility and even transportation expenses.
- Support document for loss of passport and other documents
Losing your passport or other important documents in a foreign country can be extremely challenging. Not to mention, getting a new passport means you would have to comply with the legal procedure and incur expenses. But, you can easily reduce your losses by investing in a travel insurance policy. It helps you get reimbursement for obtaining a new or duplicate passport.
Thus, it is obvious that there are many benefits of buying travel insurance. But, to make the most of the policy make sure that you read the terms and conditions carefully before you sign the policy documents.