Travelling is an experience that helps you overcome stress and relax for a while before jumping back into your mundane, busy life. With travel medical insurance to protect your trip, you can avoid those unforeseen situations that may wreak havoc on your vacation.
The advantages of owning travel insurance go beyond providing compensation for cancelled trips. Here, you will learn about the eight significant benefits of a travel policy and how it can ensure you a stress-free trip.
8 Benefits of Travel Insurance You Should Know
1. Keeps You Protected from Medical Expenses
If you fall ill in a foreign land, you will have to shell out a lot of money to receive medical treatment. And it will be even more expensive if you need emergency medical evacuation. With a travel insurance policy to protect you, all the expenses will be covered by your policy. You will save a good deal of money by paying a nominal price for your travelling insurance premium.
2. Provides Reimbursement for Trip Cancellation
Another advantage of travel insurance is that if the trip is cancelled or interrupted because of personal reasons like falling ill suddenly, a death in your immediate family, or due to bad weather, you will receive reimbursement from your insurance company. This is the amount you have spent on a non-refundable prepaid reservation.
3. Protects You from Baggage Loss
An important travel protection that your travel policy provides is coverage for your personal belongings. Generally, reliable and reputed insurers include personal baggage cover as part of their travel plans.
4. Reimburses Your Money In case of Missed Flight
Your travel policy also provides travel protection for flights if you miss your connecting flight due to a delay in your first flight. To protect your financial investment in the trip, you need a travel policy to safeguard you from financial losses in the event of a missed flight.
5. Safeguards You from Monetary Loss Due to a Personal Accident
Another one of the important benefits of travel insurance for international trips is that it provides coverage if you meet with an accident. As mentioned above, medical care is quite expensive outside our country, which is why you need the protection of a travel policy to take care of your medical needs in such a situation.
6. Provides Financial Assistance If Flight is Delayed
A significant travel trip protection that comes with a travel plan is the provision of financial assistance at times when your flight is delayed. The cost of your necessities like accommodation and meals are covered by your travel policy in case of a delayed flight.
7. Covers Passport Loss
A passport is an important identity proof when travelling abroad. If your passport gets stolen or lost, you will need a fresh or duplicate passport, which is a costly affair. However, your travel plan will provide financial coverage for receiving a fresh passport.
8. Offers Financial Help If You Lose Money
If you are robbed of your travel money while visiting another country, your insurer will provide you with financial assistance until you make further arrangements. This serves as a significant benefit as losing money can put you under a lot of stress.
Also Read: Choosing Right Insurance: Factors to Consider for Stress-Free Vacation
Conclusion
These benefits clearly outline how important a travel medical insurance policy can be for your trip, especially if you are stranded in difficult and unexpected situations. Make sure you research and review different policies until you find the one that provides extensive coverage at an affordable premium.
Frequently Asked Questions
Q. What is the use of travel insurance?
Travel insurance offers financial protection in case of untoward incidents while you travel. This protection comes in the form of coverage for trip interruption/cancellation, expenses made towards medical care, loss of personal items and even legal protection if required.
Q. Why is it necessary to have travel insurance?
It is necessary to have a travel policy when travelling because, without a travel policy, you will be financially drained and may even have to lose your life savings in case any unexpected situation arises in a foreign country.
Q. Can we travel without travel insurance?
It is not always mandatory to buy a travel policy for travelling, but it is highly recommended that you protect your finances by investing in one. However, certain countries make it mandatory to own a travel policy before you enter these countries.
Q. When should I get travel insurance?
The most appropriate time to purchase travel insurance is right after you have booked the flight tickets and made reservations for your travel accommodation. This will allow you to get extensive coverage and enjoy more benefits from your travel policy.
Also Read: Is International Travel Insurance Worth Buying?