Vacation Bound? Here Are Five Reasons You Need Travel Insurance

How Does Your Travel Insurance Work?

It is good to have one’s own experiences. However, sometimes you should learn from other people’s mistakes and second-hand experiences. To help you understand the severity, let's imagine this situation:

You have finally left your home and office behind to go on your solo backpacking trip across Europe. Leaving your stress back at home, you set off for your dream vacation. The weather is amazing and your flight had no problems either. However, upon landing, you can’t find your baggage. What’s even worse, your travelers’ cheques and emergency cash were in your checked-in baggage. Now you’re alone in a foreign land with next to no one to help you.

What do you do?

Well, you simply contact your insurer through emergency customer support and inform them of your situation. You can also go ahead and spend that cash on necessities as your insurance will reimburse you for the covered expenses later. Not just this, you will be even eligible for an emergency cash advance if needed.

Depending on who your insurer is, you can claim reimbursement for a lot of contingencies that would otherwise ruin all your vacation plans along with your spending budget!

Five Reasons You Need Travel Insurance

Be it an international holiday or within India, getting sick or losing your belongings is a nightmare for everyone. With a travel plan, all such worries will be taken care of. Take a look at some of the reasons to buy travel insurance:

Loss of passport, baggage, or documents

One of the most uncomfortable situations, losing even a single item hurts a lot even when you’re not traveling. You can only imagine the pain of losing your entire baggage while traveling. With travel insurance, you can get some respite from this unexpected situation.
Same goes if you have lost your passport. Your insurance will reimburse you for all the expenses you incurred (up to the specified limit) while acquiring a duplicate or a new passport.

If you are missing any belongings, up to an approved sum your insurer will compensate you.

In case of baggage delay, the cost of personal and other necessary items that you may have to buy will be reimbursed as well. While you wait for your baggage, it will provide you with enough support.

Accident & Sickness in a Foreign Land

Who is okay being ill? More so if they fall ill while on a much-awaited vacation. However, problems don’t come after an announcement. Medical complications or an accident could arise while you’re traveling and cause a lot of chaos. That is where your trip insurance will help you with needed attention and other medical costs. From taking you to the hospital to bringing your family member to you if you are critical, insurance will help you with everything.

Some insurers also offer dental treatment because nothing should stop you from snacking in a new country! What’s more, all this can be availed through cashless hospitalization. Lastly, due to the ongoing pandemic, most travel insurance plans also offer special COVID-19 coverage benefits.

Emergency Medical Evacuation

In critical conditions, you shouldn’t be worried about transportation expenses or anything else. If you need to be transported to a nearby hospital, your policy will cover those expenses. In case you are already admitted to a hospital for over a week or as mentioned in your policy, your insurance will also help you to be taken back to your country. Any further medical help will also be taken care of by your travel insurance.

Flight Cancellation or Delay

It’s not uncommon to face flight delays or cancellations. This may happen because of your airline or a natural disaster, or because of some personal problem. No matter which one it is, you will be reimbursed or refunded a fixed sum as per your policy schedule. If you or an immediate family member falls sick or there is a sudden death in your circle forcing you to cancel your travel plans, what happens to your bookings? All the money you spent on the flight and hotel reservations?

With travel insurance, your money won't get wasted. Your insurer will reimburse you for all unused hotel expenses and flight tickets. If your flight is delayed, then your travel insurance will provide reimbursement for additional expenses like food and hotel accommodation.

Fraudulent Charges

Perhaps one of the scariest things to happen on a trip abroad, if you’re a victim of fraud like debit or credit card theft, then your insurer will refund you for the lost money as per the set limit. While on a vacation if someone steals your cards and you notice texts about money being detected, you need not panic? As soon as you inform your insurer, any money lost up to a certain duration will be reimbursed by your travel insurance policy. Just make sure you are swift to block that card as well as in communicating about this mishap to your policy provider.

Wrapping It Up,

These are only just a few benefits of having travel insurance. Not only you, but even your family can also benefit from a well-researched plan. If you’re a student going abroad to study, don’t forget to compare different student travel insurance plans. When you are insured, you can travel stress-free and make the most of your plans without any unexpected expenses!