Most of us don’t give due importance to the thought of travel insurance while planning a trip. The idea that an undesirable event can permeate our life is not one that we wish to entertain. But life is unpredictable and as the saying goes- “Better safe than sorry”.
As the world expands, more and more people travel abroad for both business and pleasure trips, but the fact remains that one is moving to a foreign environment and is mostly alone, regarding the comfort zone. If any mishap occurs, such as a sickness, it is essential that we receive the best medical attention possible. The lack of cash coverage in such a situation can mean the difference between life and death. Travel insurance makes sure that we reimburse for any unfortunate incident that might occur during our travels. Whether it may be an accident, a theft or an illness, it is necessary that we are fully equipped to deal with the expenses. Travel insurance is our life preserver in such a scenario.
Plan Your Trips: How to Buy Travel Insurance?
Travel insurance broadly incorporates the following categories. The first one is coverage during trip cancellation. All the planning in the world cannot account for certain emergencies. If you sustain an injury just days before your trip or if there is an emergency in the family or even if the flight companies have trouble with their transportation facilities, your trip is essentially cancelled. It is always a good option to buy a travel insurance covering your trip cost. Most of the insurance companies have tie-ups with ticket providers, or you can directly apply for the insurance through their online sites. Although a point you shouldn’t forget that queries are your friend. Ask questions on how exactly the plan covers your emergencies, whether it extends to your spouse or family and how the refund works. Do not be duped and don’t settle for less than what you expected.
Another possible insurance coverage is for medical emergencies. This may cover any contracted illness or accidents. Many of them do not include insurance for any existing medical conditions, although this is dependent on the insurance company you use. Age is a factor, with low rates for the young and a significant rise for people above 50. Ask your agent if the policy will cover your transportation in case of an emergency, or whether emergency evacuation is covered or not from remote locations. It is always best to inquire whether medical emergencies include those sustained during any adventure sport. Mostly they don’t, and it is usually the practice to buy supplementary insurance for adventure games. Health insurance also doesn’t cover your general check-ups or purchase of medicine. Many insurance companies have a list of at-risk countries and usually there is a special insurance package for visiting such places. Do not be stringy and opt for a policy with a higher coverage rate, as one cannot predict the future and it is best always to be ready for anything.
Many insurance companies have a list of at-risk countries and usually there is a special insurance package for visiting such places. Do not be stringy and opt for a policy with a higher coverage rate, as one cannot predict the future and it is best always to be ready for anything.
Secondary insurance coverage is for situations such as theft, losing of baggage during transportation, emergency evacuation from the visiting country due to a political or state of the environment. Most of the packages may already include one or two of the above list, but it is best always to cross check. The theft reimbursement may vary according to different items, with electronics offering with a higher rate. This would vary depending on the situation that led to the theft, for example, forgetting to procure bag from a public transportation and its subsequent loss may not count.
So, question everything and categorize your various options for insurance. Hope you have a safe trip.