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Facts about Travel Insurance everyone thinks are true
- DetailsWritten by PolicyBazaar -
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Modified 21 December 2017
Some people travel to explore new places while some travel to find themselves. Your travel might drain your body but it soothes your mind and soul at the same time. Love for travel is the purest form of love. If you want your travel plans to be executed smoothly, you should buy adequate coverage of travel insurance without fail.
When you are in a foreign land, anything can go wrong. Unfamiliar people, unknown places could add more to your woes. Having a travel insurance policy can save you from plenty of troubles.
Most of the people have various misconception associated with travel insurance. Before you buy travel insurance policy, it is necessary for you to make a well-informed decision. Some people assume that travel insurance provides you the coverage from the date of departure to the date of your arrival; clearly, they are wrong.
Having a travel insurance policy means that you have a shield of protection against all possible and unexpected situations. Unforeseen circumstances, such as the events associated with flight cancellation or delay at the airline’s end, the person who is supposed to be traveling has fallen ill etc. can cancel any travel plans. You may incur losses because of your trip cancellation or delay. The travel insurance cover can help in the case of sickness, injury etc.
Sometimes your flight is delayed or canceled and neither you nor your airline is responsible for that as the delay or cancellation is because of the unpredictable weather condition, industrial action, riot, strike etc. Under these circumstances, you don’t have to be worried, as your insurance policy would provide you with the coverage.
The insurance cover also protects your house while you are holidaying in abroad, as your house is prone to theft when you are not there to take care of it. If your home is broken into and your personal belongings are missing, your insurance provider will take care of that too.
When you are out on a vacation, all you want is your peace of mind. You don’t want any tension about what can go wrong. Your travel insurance will provide you with the peace of mind that you need. Don’t risk your vacation, as uncertainties are all around you. Buy travel insurance as soon as your ticket is booked.
ICICI Lombard Travel Insurance, SBI Travel Insurance, TATA AIG Travel Insurance, Bajaj Allianz Travel Insurance, HDFC ERGO Travel Insurance, Bharti AXA Travel Insurance, Future Generali Travel Insurance, Future Generali Travel Insurance, Cholamandalam Travel Insurance, and Apollo Munich Travel Insurance are the topmost insurers to offer the best travel insurance plans in India.
When it is confirmed that you are going on a trip, don’t forget to keep in mind the points mentioned below regarding your travel insurance cover:
1. Read it up
Read your insurance policy very carefully. Free your mind, sit down in a quiet, go through with the booklet, and read it out so that you won’t be shocked, later on.
2. Travel Insurance Safeguards you Against any Emergencies
It doesn’t matter which insurance provider you opt for and which policy you select. The insurance plan should provide you cover against the unexpected travel-related emergencies. Your selected insurance policy should cover the losses because of unforeseen situations and emergencies.
3. The Myths
Make it clear in your mind that not every insurer provides the cover for trip cancellation by default. If you need the full coverage, you need to spend a little extra so that you get maximum coverage at a cost-effective price. Ideally, an all-inclusive policy should be your choice. All inclusive plans generally comprise an emergency medical cover, trip cancellation cover, flight delay or cancellation cover, loss of baggage cover, and natural calamities cover etc.
|You may like to Read: Top 5 Myths about Travel Insurance|
4. The Adventurous Case
In case you are planning to explore the adventure (high-risk) activities such as bungee jumping, scuba diving, skydiving, parachuting, hang gliding etc., which that pump up your adrenaline rush, make sure you read all the terms and conditions before you buy the insurance plan. There are some policies that provide you with the adventure sports cover by default. Don’t get too excited, as the coverage provided is very limited. In case you are injured, you would be in a trouble with the provided limited coverage.
5. Online Reviews and its credibility
Thanks to the advent of the Internet; it has become a lot easier for the customers to provide the feedback directly. However, there are people who take undue advantage of online reviews in order to defame the particular insurance provider. People insured don’t read their insurance policy carefully after they have bought insurance in the first place. They buy insurance, they forget to read the policy but they do remember that they have insurance. They make assumptions about the coverage on the basis of their perceptions. In case there is anything wrong, they express their anger in the comment section. They are not able to provide the necessary documents that would support their claim and they write a terrible review.
Not every review is right; just keep that in your mind.
6. Wait is a Waste of Time
When it comes to buying travel insurance, the wait is a sheer of time. Buy insurance as soon as your ticket is booked. In case you cancel your trip because of unavoidable circumstances, and you have insurance cover, you have cover against the cancellation.
7. Cheap isn’t Always Good
Don’t select or reject any insurance plan on the basis of the insurance premium. It won’t provide you with the sufficient coverage and you will end up being underinsured. It means that when an emergency strikes, you would have to pay for the uncovered expenses from your own pocket.
8. Be Selective about Your Insurance Provider
Don’t buy the first insurance plan that you have come across. Explore more plans and compare them all to pick out the best one, based on the result.
9. Open Up About any Pre-existing Medical Conditions
People often don’t tell their insurers about their pre-existing illness so that they don’t have to pay a higher premium. It does more loss than the profit eventually.
In such cases, your claim would be rejected and you would have to pay additional charges for the treatment from your own pocket. People buy insurance so that they have financial safety and not revealing their current medical condition would nullify that.
So, be honest and tell your current medical condition and opt for the cover accordingly.