Travel is one of life’s greatest pleasures, but even the most carefully planned trip can be complicated by unforeseen events. Some people save for years to afford that once-in-a-lifetime vacation to some exotic spot, only to see it ruined due to some unforeseen reason. Travel insurance typically provides reimbursement to the insured if the trip is cancelled, interrupted or delayed due to certain reasons. Policies also cover loss or damage to baggage and other personal effects during a trip.

Whether it is lost luggage, cancelled flights, or medical emergencies, an unexpected event can cause a financial crisis. Hence, it is essential to buy a good overseas travel insurance policy that can safeguard your journey and make your vacation a truly memorable one.

Travel insurance is usually an after thought when you decide to travel. But while on a trip, insurance can come in handy. While it’s a good idea to take out travel insurance on international visits, it’s also safe to check what your insurance covers.

Your travel agent will often recommend a travel insurance plan when you plan a trip. It might be convenient to buy a travel policy, but do not rush the details. Your policy cover may be inadequate and you might end up paying more. It’s always a good idea to compare a number of policies before making a decision.

A good travel insurance policy is one that covers you for what you need, and doesn’t charge you for coverages you don’t. Before you purchase travel insurance, do a little research. Several factors will determine which insurance policy is best for you. These include the length of your trip, your destination, participation in high-risk sports (e.g., mountaineering, climbing) and your general health.

A standard travel insurance policy is unlikely to cover any pre-existing medical conditions. Hence, you should always declare any health issues when you apply for insurance because failure to disclose any relevant details could cancel the policy. Some special policies will cover pre-existing conditions, though the higher risk of a claim is usually reflected in a higher premium.

When identifying the best travel insurance policy for yourself and family, look for the following policy details:

– Who all are covered?
– What’s covered and what’s not?
– What are the different plans offered?
– What’s the maximum coverage offered?
– Does the policy cover pre-existing conditions?
– Does the provider have a worldwide, 24/7 emergency contact number?
– Can insurance be purchased and renewed online?
– Is the policy applicable only when travelling abroad or even within one’s own country?
– Does the travel policy cover multi-trips?

Travel Insurance has always been perceived as an optional package. But, it covers several situations that can save you money. Business or leisure, remember to insure before leaving.