Why travel insurance is important?
Every year going on Holidays abroad has become a trend. People prefer traveling more international than domestic so either they take one international and one domestic holiday. Everyone has a bucket list of places to travel from Switzerland for honeymoon or Australia for beautiful beaches or New Zealand for adventure or the great American extravaganza.
As well a lot of travel bloggers or sites, update unique travel options. We save money the whole year for that dream holiday. Now you have booked your hotel, air tickets, and excursions in short everything. You are supposed to travel tomorrow but due to some business or family emergency, you have to either cancel or postpone the trip. But as it is a last moment change hotel will not give any refund, excursion tickets are non-refundable and airlines too are going to charge you a cancellation fee. That means without even traveling you have to bear the expenses.
So, what is the solution to this common problem faced by large numbers of travelers every day?
We would recommend always buying TRAVEL INSURANCE for all your future travel plans as we buy insurance to save ourselves from any kind of uncertainty or unplanned happening to avoid any such losses and during travel many small glitches like flight delay, illness, damaged, lost or delayed luggage, medical emergency, passport loss, and many other things.
Below are few unplanned glitches –
1. Medical Emergency – As discussed earlier if your travel plan gets curtailed due to a sudden medical emergency in that scenario the insurance company will bear the expenses and will reimburse the cancellation for hotel, excursions, and even for air tickets. Remember it is subject to sudden illness and not a pre-existed disease. As in that scenario the insurance company has the right to deny your claim.
2. Damaged, Loss, or Delayed luggage – Sometimes your bag gets damaged or gets delayed by few hours (delay time varies) or you lose it completely. At that time insurance comes in handy as it is also covered under the policy (amount depends on your insurance value).
3. Sudden Hospitalization – The last thing you can think about on your holiday would be hospitalization. Think about the expenses in a foreign land.
4. Flight Delay – You reached the airport on time to board your flight for that dream holiday you were planning for so long, but due to bad weather or some technical reason your flights get delayed. You are stuck at the airport. In this situation as well you get a claim (duration of delay varies between insurance firms).
5. Natural Disaster – What if there is a natural disaster at your location or the holiday destination just prior to your departure i.e, flood, cloud burst, avalanche, earthquake, or any other calamity. In this condition you decide to cancel the trip, your insurance company will take care of the expenses.
Below are few points to consider when buying travel insurance –
We buy the cheapest option available as we are sure that it’s a waste altogether, but think once what if you need emergency hospitalization in a foreign land, expenses will be higher. And sometimes a difference of premium between $50,000 and $200,000 is just INR 150-200 (an example as premium varies as per age), so please check at the time of buying insurance.
2. Empanelled Hospitals
Kindly ask for the list of impaneled hospitals in the city, country, or countries traveling to avail cashless facility. Or else you have to pay the entire amount on your own and submit documents for the claim. This is a time-consuming process.
At the time of booking the package, we check the hotel, its location, excursions, and even the departure and arrival time of flights, but insurance we never think of or discuss. We buy medical insurance for health-related emergencies, home insurance for burglary, fire, the same way always buy travel insurance for your holiday plans. As you have paid a huge amount for that dream holiday and it needs to ensure against any kind of uncertainties.
As of now, not many agencies are giving domestic travel insurance, but we hope in the next 2-3 years we will have options available