Going for a Vacation-Here are 10 Reasons Why You Should Have Travel Insurance

Whilst holidaying in a foreign land, how will you prevent such disastrous incidents from taking place? Not only Coronavirus but on a vacation you are vulnerable to a number of unusual circumstances. In case of sudden illnesses and accidental injuries, would you prefer to deal with such events on your own or you would like to feel fortified?

Why Is It A Good Idea To Secure Your Trip With Travel Insurance?

Though travel insurance cannot avert any mishappenings, but it offers monetary support under critical conditions. There are a number of benefits that you can avail, if you have travel insurance handy. You can opt for single-trip international travel insurance if you are going only once. Or you can opt for multi-trip travel insurance as it will cover you for multiple visits.

Primarily, it provides financial compensation for medical expenses arising due to accidental injuries and sudden illnesses. Undergoing an emergency medical treatment overseas can prove to be expensive and those who withstand serious injuries, end up paying a huge amount of medical bills.

If you have medical travel insurance you would be compensated for the total cost of medical treatment that you have paid.  There are a number of coverages that you get, like medical evacuation, medical emergency transportation, and coverage of hospitalization expenses. If an emergency rises before or during the travel, travelers may have to cancel or curtail their trip.  And the significant amount that has been spent on the trip is all lost. Your insurance policy would ensure you reimbursement for any such loss resulting due to a cancellation or delay in trip.

Though a travel insurance policy would not include all the unexpected losses, but there are numerous benefits that you can avail during emergencies. Almost all the travel insurance companies provide 24- hours’ emergency assistance, to help the insured travelers deal with any unforeseen events during their trip.  If you happen to face any accidental injuries or report a loss of passport, visa or other travel documents, then you can seek help from your insurer.

You will get the best advice from your insurance company to help with the difficulties in the shortest time possible. This assistance that you get at the time of emergency in foreign soil, where there is a language barrier, can be a life savior.

Here’s the detailed scenario highlighting the benefits of travel insurance on a short trip or a long vacation -

1.  What if you lose your baggage while travelling in a common carrier in an unknown country? 

Imagine a scenario where you just got off your flight and your baggage has not arrived and it has been delayed due to mistake from airline’s end.  Would you like to pay for the medicines, clothing, daily utilities that you need to buy due to baggage delay. Your international or domestic travel insurance would compensate you for such expenses. You would need to provide it in written from the particular airline that this delay is from their end.

2. What if you meet with a dental injury during an accident?

Dental care is quite expensive abroad, but in case of accidental dental injury, the insurance policy would provide you emergency dental pain relief treatment. The cost of treatment would be as per your policy statement.

3. What if the situation requires emergency repatriation?

Under an unfortunate event of death and resulting due to serious accidental injuries, who would you ask for transportation of the body to the home country? And if the insured was travelling alone, who would do it on his/her behalf. Here a travel insurance policy comes really handy. It covers repatriation expenses and assists the transportation to the home town or country as well.

4. What if there is a need of emergency hospitalization and evacuation?

Where will you go to seek medical treatment in case an accidental injury, especially in a new country? Your insurer would support you financially, to help you meet the hospitalization expenses, medical bills and medical evacuation expenses.  Moreover, emergency hospitalization for COVID-19 is also covered (excluding precautionary quarantine or isolation). The evacuation assistance would be based on the medical approval from the physician or hospital authorities.

5. In case of Accidental Death or permanent Disability due to accidental injuries on the trip

Even if you are travelling for a short duration, such unfortunate incidences can happen. Any event of death or permanent disability of the insured during the trip while commuting in a common carrier including bus, train, or flight would be covered. Any impairment of arms, limbs, eyesight and hearing due to accidental injuries would also be covered.

6. What will you do in case your flight is hijacked?

In case there is an attempt to hijack or detention on the flight, your travel insurance company would pay for the loss or damage that you had faces.  The claim would be based on the amount insured.

7. Trip curtailment and cancellation

This is the most heart wrenching incident for any traveler.  But your insurance company would indemnify for any delay or cancellation of your flight or trip due to any emergency or mistake from airline’s end. The insurer would recompense you for the loss arising due to such annulment or curtailment, including hotel stay, additional travel expenses due to such delays.

8. Personal Liability Cover

If there is any loss or injury caused by you to any third party in a foreign country, it can land you in deep trouble. But if you have an international travel insurance plan providing third party cover, it would save you from the financial and legal troubles.

9. What if there is house burglary whilst you were on a vacation?

If you want a house burglary cover, then travel insurance proves to be of great help. It will safeguard you against any loss or damage arising due to a burglary attempt in your absence during the policy period.

10. What if you need emergency cash assistance?

Even on a short trip, if there is an incidence of theft and you happen to lose all your cash and cards, from who will you seek help? Here travel insurance turns out to be no less than friend, who would provide you emergency cash in an unknown destination. The amount is subjected to policy terms and documents.

As you can see, the relevance insuring your trip is clear. And if you are planning to fly or take a break with your family or friends or alone during this pandemic then you should definitely buy overseas or domestic travel insurance depending on the purpose of your travel.

Conclusion

Whether you are going for a vacation in India or abroad, with the help of this article you might have realized the benefits of seeking a travel insurance policy.  By paying a small premium amount just once, you can safeguard yourself against a number of risks and take advantage of the policy benefits under emergency situations and experience enjoy a hassle free trip.