Tuesday 3 April 2018

The Significance of Trip Cancellation Cover

Travel insurance will cover various kinds of risks associated with your trip. With the help of the best travel cancellation policy, you will get back the money spent for the unfulfilled trip. There are various reasons that interrupt your travel and you will fail to complete your vacation. If you are going through the adverse circumstances in which the trip should be cancelled, the travel insurance company will reimburse your expenses. Hence, you should buy the travel insurance as soon as you plan your itinerary. 

Benefits of a travel insurance plan 

A travel insurance plan will cover the risks in a very efficient manner. There are various kinds of travel insurance plans. You can subscribe to an individual, family or group plan as per your needs. If you subscribe to a family floater plan, there will be great convenience. 

The travel insurance plan will cover the following risk factors:

Loss of baggage
Loss of travel documents 
Flight delay/flight cancellation 
Personal liability 
Emergency doctor consultation 
Emergency hospitalization 
Death or accidental injury 
Dental expenses 

The insurance premium is directly proportional to the risk coverage. If the risk is high, the premium will also be high. If you are leaving for a foreign country for higher education, you should buy travel insurance policy. 

It is very much essential to possess travel insurance policy either for short-term trip or long-term trip. You should Compare Travel Insurance plans offered by Indian companies as the features are adapted to your requirements. The premium will be low and you can pay the premium in Indian currency. However, the benefit will be obtained in foreign currency. 

The travel insurance plan can be subscribed to fulfill your needs in the best possible way. There are domestic travel insurance plans and foreign travel insurance plans. You should choose a plan as per the purpose of visit, the group members, and the duration. 

For a short trip, you can subscribe for a single-trip insurance plan. You can subscribe for a multi-trip plan to cover various destinations in one year. The premium will be cheap and you will enjoy many benefits from the insurance company. 

It is very much important to choose a travel insurance company that offers best support to customers. Customized travel insurance will fulfill your current as well as future needs in a very efficient way. It is possible to buy a travel insurance policy online from the comforts of your home or office. 

What is covered by the trip cancellation policy?

The trip cancellation policy will cover various aspects of your travel. The following expenses are covered by the insurance policy:

Loss of baggage 
Accommodation
Flight cancellation 
Cancellation of trip on emergency basis 

The policy will cover the expenses incurred due to the cancellation of the trip. The trip can be cancelled while traveling to high-risk zones or due to terrorist activities. 

The cancellation cover is not mandatory. The cancellation cover will be offered as part of the comprehensive travel insurance policy. If the policyholder will go through the unprecedented circumstances, he or she can overcome the risk in a very efficient manner. The trip cancellation or trip curtailment will not deter your prospects and you can make the most of your money.

Selection of a travel insurance policy 

A travel insurance company can offer only one policy during the trip. You cannot avail more than one policy during the same trip. If you would like to get additional benefits or coverage of certain risk factors, you should opt for riders. By choosing the riders, the protection will be very much enhanced. 
Before subscribing to the trip cancellation policy, you should fulfill all the obligations of the insurance company. If you are sick, you should get the advice of the medical doctor before starting the trip. If you do not clearance for the travel from the medical authorities, you should postpone your trip. Hence, if you aware of dire health condition, you should not plan your itinerary. 

However, if your plan is cancelled due to the sickness or illness of your immediate family member, you can cancel the trip and the travel insurance company will reimburse your expenses. 

Documentation for the trip cancellation 

You should Compare Travel Insurance plans offered by various insurance companies and you should settle for the best plan as per your needs. While claiming the trip cancellation, the documentation should be provided as per the terms and conditions of the policy. If you contact the customer support team of the insurance company, you will get complete information about the trip cancellation claim. The insurance company will process the claim and it will be settled very quickly. 

Some of the documents mentioned below should be submitted to the insurance company to fulfill the claim:

Itemized bills for all expenses 
Copy of invoice (vacation rental or hotel accommodation)
Documents that explain the cause of the cancellation 
A letter from tour operator 

Exclusions 

A travel insurance company may reject your claim if you fail to provide satisfactory information about your cancellation. 

You should not purchase a travel insurance plan if you are aware of a natural calamity to the place of visit. However, if the trip is canceled due to sudden and unexpected circumstances, you will get compensation from the insurance company. 

You should go through the terms and conditions of the travel insurance policy. If you not aware of the terms and conditions, the insurance company will not be liable for damages. Hence, it is very much important to understand the circumstances and conditions that are covered by the travel insurance plan. 

Conclusion 

The trip cancellation cover will be useful to cancel the trip due to unavoidable circumstances. The time, effort and money spent towards the itinerary will not go in vain. You will get monetary benefit with the cancellation of the trip. However, you should provide the necessary documentation to make the claim so that there will not be any rejections from the insurance company. 

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