What is Flight Insurance & How is it Useful?

What is Flight Insurance?

Flying is among the most fascinating and convenient means of travel. Thankfully, improved incomes and economical flight fares have made it possible for more people to travel by air. Air travel is by far one of the safest, fastest and most convenient ways to travel.

However, like everything else, flying comes with its own risks. Anything from a delayed flight, medical emergency during the flight, or losing your checked-in baggage is a risk completely capable of ruining your trip.

Flight insurance helps you tackle these situations if they do arise. It is also referred to as airline insurance since its usually offered by airlines that have tie-ups with specific insurers. In most cases, flight insurance only covers the issues that may affect your journey because of the flight. However, the exact benefits vary significantly; from simply refunds to baggage coverage.

Top 5 Reasons for Getting a Flight Insurance

Especially when you're travelling domestically, it makes sense to insure your flight so that you don't suffer any major expenses due to flight-related contingencies. Growing fuel prices and expensive flight tickets are all the more reasons to buy flight insurance.

Simply put, it is plain upsetting to see your plans horribly delayed or cancelled because of things beyond your control. Here are some of the best reasons to opt for flight insurance:

Quick & Efficient

First things first, the cost of insuring your flight is significantly lower than a comprehensive travel insurance plan. Since this is ‘lightweight’ insurance with very basic coverage benefits, it is obviously going to cost less.

Most travellers can easily opt for this benefit by simply ticking a box while booking their flight tickets. This convenience saves a lot of time and is very effective for people who may otherwise not buy insurance because of the multiple steps or time taken to compare different plans.

Offers Trip Cancellation Coverage

One of the most common benefits of buying airline insurance is the flexibility it offers in terms of trip cancellations. Depending upon the insurer, there are covered reasons such as sudden medical issues, bad weather conditions, unexpected breakdowns etc. which may force you to cancel your trip.

You can easily get compensation under this plan if your trip is interrupted for covered reasons. In most cases, you can get a reimbursement for your prepaid costs. Some policies also reimburse you for non-refundable costs but you must assure these before buying the policy.

Flight Delay Coverage

You can easily receive reimbursement the next time your flight is delayed or cancelled. In most cases, if the flight is delayed by a few hours, you can claim reimbursement. In most cases, the insured person is automatically reimbursed if their flight is delayed for the stipulated time limit. The amount of reimbursement may vary with the insurer.

Lost/Delayed Baggage Coverage

Depending on your policy limit, you will be reimbursed for any loss or delay in receiving your luggage. Some plans also cover partial or total destruction of checked-in luggage. Thus, your baggage can be insured under this airline insurance at a very nominal price. Unaccounted expenses on essentials like medicines, clothes, toiletries etc. will also be covered.

Covers Accidental Death/Dismemberment

A morbid scenario but aeroplane crashes due to equipment failure, pilot error or other reasons are not uncommon. Sheer bad luck may force you to be a victim of such an accident, leading to worst-case scenarios. Most flight insurance plans offer coverage for disability or death due to accidents of the carrier. In case you’re injured, you will get the reimbursement as per your policy. In case of the insured traveller’s death, the insurer will pay the nominee the claim amount.

Do I Need Flight Insurance?

Many people believe that flight insurance isn’t good enough, it is definitely better than having no insurance at all. While there may be gaps in the coverage, you are ultimately covered for major expenses that may ruin your trip.

It's obvious that nothing can possibly beat proper travel insurance which covers not only your flight but the entire trip. But if you're on a tight budget or feel too lazy to look up plans, then you just need to opt for this one.

Especially if you don't have any medical issues or feel that you don't need any medical coverage (something that most flight insurance does not cover), opting for this lightweight plan is a good idea. Many people also feel restricted by the lack of options when it comes to choosing your insurer, however, it is extremely useful for any traveller who is looking for a decent plan under a budget. If you want better coverage, always go for the best travel insurance plan.

Wrapping it Up,

Factors like budget, lack of time, or just too many plans to choose from can discourage many people from insuring their trip. If you’re looking for a simple way out, opting for airline insurance is a great way to protect yourself from extreme scenarios while not spending a lot on the premium. Just make sure to read their terms and conditions so that you know exactly what is being offered!