In the high of planning a vacation or even a trip, it is easy to overlook the process of having financial backup while you are away. Even if you draw up the most diligent budget, there is always the risk of unforeseeable circumstances causing you stress on your vacation. Especially in foreign trips, which can often be unpredictable, it is important to ensure that you are covered for any emergencies that you are likely to face. This is where a travel insurance policy comes into the picture. It can not only cover you in case of any mishaps, it can also be your solution to leaving your worries behind on your vacation.
Here are a few benefits that you can avail when you decide to buy a travel insurance policy for your next trip:
- Compensation for Delays/Cancellations
Picture that you have finally gotten to the airport and are ready to take off for a conference. You reach the counter, hand your passport and documents only to find out that your flight has been cancelled. For most people, this could be very distressing and can cause a lot of panic. Travel insurance makes sure that you are covered for such an event with compensations for flight delays and cancellations.
- Assistance during Medical Emergencies
One of the worst things that could happen while you are away in a foreign country is having a medical emergency. It can be physically, mentally and financially daunting to deal with such an event on a constrained budget. In such situations, travel insurance offers cover for emergency medical expenses, hospitalization, and related healthcare and transportation costs.
- Theft or Loss
The last thing that you would want to face while you are on your dream vacation is lose your passport or luggage. While such an event can be frustrating, a travel insurance online can help you in more ways than one. Travel insurance policies offer cover for the charges incurred to acquire a duplicate passport. In case of lost luggage, you can claim a compensation and if it is stolen, you can still receive a pre-approved sum as compensation.
- Evacuation during Calamities
The best way to illustrate the importance of this benefit is the recent Coronavirus outbreak, wherein people from many countries around the world visiting China had to be evacuated urgently. In an event of national emergency including a terrorist attack, natural calamities like earthquake or floods, or medical emergencies that harm the masses, it is the responsibility of the insurer to evacuate the insured person.
- Customizable Add-Ons and Additional Features
There are multiple customizations that you can add in your travel insurance online based on your preferences. For instance, thrill seekers would need to scope out a travel insurance policy which cover accidents and injuries caused due to adventure activities. Some travel insurance providers like Bharti AXA even covers your house while you are away on your vacation.
Considering these advantages, a travel insurance can definitely help you cover most emergencies that you are likely to face, and let you have a worry-free vacation.