If you plan on travelling abroad for a holiday, it is extremely important to get travel insurance. Imagine travelling to a country like USA or UK and falling sick requiring you to visit the hospital. Since the exchange value form Indian rupees to US dollars are not favorable to the individual, they might end up spending more than they expected on medical expenses.In such a situation, a travel insurance can save the traveler from spending a large amount of money on an unplanned expense.
The travel insurance is intended to cover any medical expenses, loss of luggage, trip cancellation, flight accident and any other problem one can incur while travelling both abroad as well as within the country. There are a number of risks which can occur when one travels for which one cannot always be prepared. The travel insurance protects the owner from incurring any extra expenses due to unforeseen circumstances. The coverage types that most travel insurances provide are:
Medical emergenciesCancellation of the tripAccidental death, injury or disablementOverseas funeral expensesFlight connections missedHijackingTravel delays due to bad weatherLost, stolen or damaged luggageStolen travel documents
Some additional costs which the travel insurance policy may cover include:
Pre-existing medical conditionsSports with an element of risk Travel to high risk countries
The above costs that insurance covers are the reason why one must always opt for insurance when travelling. One must always be prepared for any unpredictable circumstances. Failure to do so can be extremely expensive for the individual if any problem does arise. Before selecting any insurance online though one needs to study in detail what expenses the policy covers. One needs to be choose a insurance policy which covers the most likely events that can occur when travelling to a particular country. For eg. If you plan on travelling to USA, you need to ensure that the travel insurance online you purchase includes medical expenses, travel delays or cancellations and lost or stolen luggage as these are the most likely situations one may incur. One must also undergo a medical checkup to ensure that they are prepared for any medical condition which may arise when travelling.
The benefit of purchasing insurance online is that it is extremely convenient. Instead of having to physically visit the companies that provide insurance, one can simply compare policies online. This way one is able to find out which is the most affordable insurance policy with the most benefits added.
Neha Sharma is a finance student who loves to write in her free time. She has spent considerable time researching on travel insurance online . She wishes to give advice the importance of getting travel insurance in this article.