Why getting covered is important at the time of travel?

People travel for various reasons across India or sometimes international trips. It could be  your family trip for vacation, business trips, tour for sporting events, etc. While travelling the most important factor is the security of your life. Obviously, while traveling you cannot forget your ticket or passports, but many of us happily set off without a travel insurance. Have you ever wondered, you are in the foreign country and you may suddenly fall ill and has to be hospitalized? Or there is an international emergency like a terror attack and you have to stay in country for extra time? 

Or if the airline goes bust and you can't reach your destination? For a moment you’ll be in a state of shock, you’ll get another setback while thinking about financial arrangements. Your relative may be there in abroad, but cannot guarantee financial help in time. It is therefore you need to own a suitable insurance plan in place to avoid your dream holiday turn into a nightmare - with bills running into tens of thousands of rupees. Apart from there could be unfortunate events such as baggage loss, passport loss or an accident might also take place.

Travel insurance is a cover for the risks you might face in your trip, overseas or domestic. Typically, it covers death, personal accident, medical expenses, repatriation, loss/ delay of checked baggage, passport loss and third party liability

There are various types of travel cover policies available in markets that offer customized solutions to people  for their journey.

The three main kinds of travel insurance are as follows:

Trip Cancellation

When you plan to cancel your trip or cut it short due to a personal or family medical emergency, trip cancellation insurance will help you reimburse your travel expenses spent. 

Baggage Loss/Theft

This insurance as the name suggest, help you reimburse for all or part of the value of your travel belongings if they are lost, stolen or damaged. The valuating of your possession may differ insurance companies also the level of reimbursement depending on how or where it was lost.

Emergency/Accidental

This insurance helps you to reimburse or cover directly for medical expenses incurred during your trip.  You can also get covered for the entire year for such medical emergencies. Be sure to read the fine print for this type of insurance.

Travel insurance premiums vary a great deal.Whilst it's important that you are getting good value for money, it is also important that you are choosing the right level of cover that will suit your personal needs. There are added advantage as well to cater your specific need, but a basic policy should include the following levels of cover.

•Traveling to a location, particularly abroad, where you have a higher chance of getting seriously ill.

•Planning adventurous or dangerous activities, like white water rafting, scaling a mountain, or hunting wildlife

•Traveling with expensive luggage or important business documents

Making the decision to apply for travel insurance should come beyond the simple analysis of general health cover. “Prevention is better than cure” is probably the best way a travel cover could be defined as it helps you cope with situational problems when you need them the most.