Do You Need Travel Insurance for a Trip to Europe?

Do You Need Travel Insurance for Europe?

A trip to Europe may seem overwhelming, but you can be prepared with an international travel insurance policy. However, it is not mandatory to obtain overseas travel insurance for all tourists visiting Europe.

A travel insurance policy is a compulsory requirement for those travellers who need to apply for a Schengen visa. These travellers must have the right coverage for the entire period of their stay.

Benefits of Obtaining Travel Insurance for Europe

To ensure that you have adequate financial coverage against a host of unanticipated events during your Europe trip, you must have a suitable international travel insurance plan. Whilst purchasing any plan, it is advised to choose comprehensive coverage. It will offer you travel health insurance, accidental expenses, loss or delay of the baggage at the airports, etc.

Here is a list of major benefits of having travel insurance for Europe trips from India-

1. You will get compensated in case of missed or delayed flights.
2. You will get financial cover for the medical emergencies, including hospitalisation, repatriation, and evacuation.
3. You get cover against personal liabilities. You can avail the benefits of advanced cash to sustain yourself in a foreign land in case of loss of wallet or theft.
4. You can get coverage for the legal liabilities, passport loss, etc.
5. You can get your hotel accommodation extended in case of an important extended stay in the foreign country, along with other benefits mentioned in your policy documents.

How Will You Choose the Ideal Travel Insurance Plan for Europe?

With so many travel insurance providers available on the internet, it can be a challenging task for you to pick the ideal one. Take look at the following tips to choose the ideal travel insurance plan for your next trip-

1. Compare Travel Plans Online

   Comparing travel insurance policies online is one of the right ways to select the policies. You can start this by shortlisting good companies that fit within your budget and gives you maximum benefits. Also, you must look for factors like sum insured, inclusions, exclusions, add-on covers, etc.

2. Always Prioritize Your Requirement

   Once you know your budget, you must understand what you need. You can start this by eliminating those insurers from your list that do not offer travel plans as per your requirement.

   If you are planning a trip to Europe, it is suggested to choose a travel insurance company that offers an additional cover for adventure sports. Therefore, it is one of the significant tips before deciding upon a travel insurance company.

3. Cancellation Policy

   Understanding cancellation policy is crucial. Cancelling your trip because of some emergency can be a frustrating occurrence. Therefore, you must go through the cancellation policies of an insurer. You can also opt for a trip cancellation add-on as it covers the cost of the prepaid expenses and the cost of your return tickets.

4. Check the Incurred Claim Ratio

   You must check the history and background of the insurer first. To know the financial status of the company, you must evaluate the Incurred Claim Ratio (ICR).

   It is measured in percentage and an ideal ICR ranges between 80-100%. In India, the ICR of all the insurance companies is released by the IRDAI annually.

5. Policy Duration

   Depending on your travelling time, you can opt for a single trip or multi-trip travel insurance plan. Usually, a single trip policy covers you for one trip, which could be your yearly vacation. Whereas a multi-trip policy is suitable for those individuals who make frequent trips annually.

   Therefore, considering the duration of the trip, you can choose a plan. Also, you can consider the possibility of extending your trip and choose a policy that features extension. It will favor you if your trip is extended.

Summing It Up

Europe is a place that can amuse you with its ancient history and mesmerizing food. If you are planning to visit there, buy travel insurance for Europe so that your trip is secured. It will assure you financial protection if something undue happens.