Those who have not traveled much would surely brush aside the
fact that travel insurance is essential when you leave for a trip overseas. But
those who are frequent travelers bear witness to the fact that international
travel insurance can actually help save the day in case of an emergency. When
you are planning an international trip, make sure that you are sufficiently
insured for all possible eventualities so that you can enjoy your trip without
any hassles.
What is Travel
Insurance?
Travel insurance is an insurance product designed and aimed
at the travelers. Travel insurance provides a dome of protection against harm
or loss from risks, which are unique to a traveler.
What is the need to
buy Travel Insurance?
You could travel 9 out of 10 times without a hitch, but that
one time where you do encounter any unfavorable eventuality, the travel
insurance proves to be worth every penny. Travel insurance is specially
designed to provide the insured with protection against all risks associated
with travel. Not only does the travel insurance cover the unexpected expenses
incurred, many good policy providers provide for an emergency contact number
for your round the clock assistance. This kind of customer service that comes
with the best international travel insurance plans often proves to be quite
helpful in case you find yourself in a lurch in a foreign country without any
knowledge of the local language.
Key parts of the best
travel insurance, which make it important for any travel
1.
Medical
Cover: When traveling to a foreign land, you might not have the comfort of
your health insurance. What if you catch a local disease or meet with an
accident while in a foreign country. Some cases might even require immediate
transportation to the home country or the nearest medical care facility.
Medical cover provided by an international
travel insurance plan protects against expenses such as emergency evacuation,
hospitalization, medical tests, doctor’s fee etc. These expenses can exceed
even your whole trip’s budget and if you choose from the best international
travel insurance plans, you are insured against such expenses.
2.
Baggage
Insurance: Losing baggage is much more common when you are traveling
internationally. Even if you travel light and pack the bare essential articles,
losing your baggage can surely add to your worries and dampen the whole
experience. In these scenarios, your international travel insurance comes to
rescue. The plans have provision to provide money for some fresh clothes and
toiletries till you wait for your luggage. In case of valuables in your lost
checked baggage, the insurer reimburses the value or the sub-limit amount as
mentioned in the policy.
3.
Flight
Insurance: Many times the trips are planned while keeping in mind the
lowest airfare available. This is a very popular method used by travelers to
save money. But what if the flight gets delayed or the airline refuses you to
board as the flight was overbooked? You whole itinerary would go haywire, not
to mention the payments you had made towards your stay bookings at stake. In
such cases, if you have a good travel insurance plan, you can sit back and
relax while the expenses for the insurer covers expenses towards fresh
bookings.
4.
Trip
Cancellation: Emergencies can strike anytime and sometimes an emergency
results in you canceling your trip. But what about the non-refundable bookings
and payments you have made for your trip? These would not go to waste if you
buy travel insurance before making these payments as travel insurance covers
the expenses in case you have to cancel or even cut short your trip due to an
emergency. Even better, it is recommended that you pick one of the best
international travel insurance plans available today as these plans even let
you include the payments you had made towards the trip before purchasing the
insurance plan.
5.
Loss
of Passport: In case you lose your passport while on an international trip,
you might find yourself in much greater crisis than any else. A passport is one
the essential document of proof in a foreign nation. It may be required to
present the passport at various checkpoints established by the authorities such
as the immigration checks. Some nations are very particular about these issues
and may detain you if you cannot furnish a passport. This is another reason why
it is recommended that you purchase one of the best international travel
insurance plans before leaving because if you lose your passport, the insurer
arranges for the necessary documents for your return home or assists you in
obtaining a duplicate passport from your country’s embassy.
Travel insurance as
part of Visa Requirement
Keeping the well being of travelers in mind and making sure
that they are looked after well in times of crisis, many nations make it
mandatory for you to purchase international travel insurance as part of their
visa requirements. This makes it all the more necessary and important to buy a
good and affordable international travel insurance plan.
Types of Travel
Insurance based on different types of travellers
·
Domestic travel insurance
·
International travel insurance
·
Individual travel insurance
·
Corporate travel insurance
·
Family or Group travel insurance
·
Students travel insurance
·
Senior citizens travel insurance
·
Single trip travel insurance
·
Multi-trip travel insurance
Apart from these, many insurance providers also offer nation
or area specific travel insurance.
Not all travel
insurance plans are the same.
Contrary to popular belief, travel insurance plans are
available in a variety of structures, especially when it comes to international
travel. When you are browsing through the best international travel insurance
plans online, make sure that you compare what benefits each plan offers. With a
great plan you may also covered in the event of a terrorist attack, outbreak of
war, disease and even natural disasters such as tsunami, cyclone, an earthquake
etc. in the region you are visiting.
It is critical to note that every plan comes with its own set
of inclusion and exclusion; this is where it makes all the difference. Zero in
on the plan that meets your needs and requirements instead of picking on the cheapest
option, as it can make all the difference between the travel insurance becoming
a waste of money or savior in a crisis.
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