Life, today, runs at a fast pace. And a break from your hectic lifestyle is a blessing. We all love vacations and trips to far off places. Everyone needs a timeout from their daily routine. This makes traveling an important part of our lives. We book tickets to our favorite destination, but we tend to overlook our safety during the journey. How many of us opt for travel insurance? We assume that nothing will go wrong and choose to go with the risk. Travel Insurance protects you from expenses arising from any mishap during a journey. When insured, we find solace in the fact, that should something go wrong, money will not be an issue. Travel insurance minimizes the considerable financial risks that may incur during the journey.
Travel insurance covers medical expenses along with other losses that may occur while traveling, be it internationally or within the country. Temporary insurance can usually be arranged at the time of booking the trip. Most websites offer an option of buying temporary travel insurance when you book your tickets. A ‘multi-trip’ policy can cover a number of trips within a specified time frame. Temporary travel insurance will exactly cover the duration of the trip.
Travel insurance generally covers interruption or cancellation of trip, flight insurance, baggage, medical and evacuation. The most common risks covered are medical emergencies (accident or illness), emergency evacuations, trip cancellations, trip interruptions, lost, stolen or damaged baggage, personal effects or travel documents, missed flights and travel delays due to weather. Some travel policies provide optional cover which can be bought for an additional cost. Travel insurance may be purchased for pre-existing conditions like asthma and diabetes, sports with an element of risk and travel to high risk countries.
Travel insurance usually covers pregnancy related expenses if the trip takes place in the first trimester. After that, the policy coverage varies from company to company. Travel insurance can also provide assistance round the clock, seven days a week that may include emergency travel assistance and concierge services.
To summarize, for most people, a standard travel insurance policy will cover all the unexpected events that may take place when away from home. Remember, if you buy a travel insurance policy that does not cover what you require, it will be a waste of money and it could leave you with a very large bill to face. Make sure you pick a policy that meets your requirements. Travel Safe!