Planning a holiday, often takes up a decent sum of money. You need to book transport, accommodation and food! If there is a mismatch between your budget and the expenses of your trip, you might want to cut short on a few things. But is it right to chop a travel insurance plan off your trip?
There might be travelers who did not face an unfortunate event and thus did not raise any claim. On the other hand, there are travelers who have faced a number of incidents like emergency hospitalization, lost baggage, etc. Such unfortunate events are unpredictable. They may or may not occur. This is exactly why it becomes crucial to get financial coverage for the unexpected. As they say – “Prepare for the worst and expect the best!”
What Is Covered Under Travel Insurance?
- Monetary Aid
You might need money when you travel to a foreign land. You might be visiting your destination for the first time and might not be aware what to do in case of an emergency. Here, your travel insurance policy will come into the picture. In an emergency situation, you need not worry about paying money, your insurer might take this responsibility for you.
- Loss of Baggage
We carry the things required with us in the form of luggage while traveling. We fill our bags to a point that they change shape! If this luggage is lost or stolen, your trip will turn into a living nightmare. To avoid this, your travel insurance company will help you with buying the needed items. If you have enough cash, you can get the amount reimbursed later.
- Hospitalization Charges
One of the biggest perils of traveling is that one may get injured or contract an illness in an unknown region. Here the cost of medical expenses may be very high, for example, the USA. In such a situation, travel insurance in India will come to your aid. You can get your injuries or illnesses treated with the help of your insurance policy.
- Loss of Documents
Your identification is of utmost importance when you visit a foreign land. Thus, if you lose important documents like passport, visa, driving license, international driving license, etc. you may find yourself in a legal trouble. To avoid this, travel insurance in India provides the help needed to get duplicate documents issued from the authorities. This will help you avoid any hiccups in your schedule.
After booking transport and hotels for your trip, if you face a situation where you have to cancel your trip your insurer may reimburse the expenses. The reasons for trip cancellation may include sickness, injuries, strikes or natural disasters. Thus, you don’t have to worry about losing the entire cost of your scheduled trip in case it gets canceled.
- Missed connections
Say you are traveling to a faraway destination and have a scheduled connecting flight to reach the destination. If you miss your connecting flight due to a reason beyond your control, your insurer will make sure another flight is booked without you bearing the entire cost. Thus, always make it a point to cover all your trips with travel insurance.
What Are The Exclusions Of Travel Insurance In India?
Following are some common exclusions of a travel insurance policy:
- Acts of war
- Local protests
- Pre-existing medical conditions
- Sports injuries
- Death or illness of a pet (Depends upon the insurance company)
- Pregnancy and childbirth
The Bottom Line
Buying a travel insurance policy is a must and will be useful for you, the trick is to look for the best travel insurance by understanding your needs and the policy coverage.
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