Is It Essential To Purchase Travel Insurance
While Travelling?

Many people love to travel. Travelling is therefore one of the most preferred leisure activities. With each increasing year, different countries of world notice rising tourists.

Many people love to travel. Travelling is therefore one of the most preferred leisure activities. With each increasing year, different countries of world notice rising tourists.

It can also be seen in India, where growing numbers of travelers are showing interest in India.

However, ask a question to yourself before proceeding towards the journey. Have I taken all precautionary measures to stay protected throughout the journey? Don’t forget to get a valid & comprehensive travel insurance. This will keep you protected from unexpected events during the journey.

Further you will come across key points which make purchase of travel insurance easy. Also you’ll understand the importance of getting travel insurance before taking the road!

Covers the insured against huge expenses!

Travel insurance acts as the traveler’s best friend. It covers you against expenses which may occur due to cancellation of trips as well as luggage lost or theft of valuable assets. In any case you need to ensure complete safety. And the one important thing which ensures complete safety of the traveler is comprehensive travel insurance.

The health cover will cover your medical costs

You’ll be covered & compensated for all your losses during the journey. Also there’s a health and medical coverage which will cover your medical and treatment costs. These and similar costs can be very high when paid individually.

Expert Advice

  • Financial professionals advise that one should get travel insurance which costs not more than 4% to 8% of entire travel budget.
  • Make sure that your insurance covers the trip’s cancellation fees
  • Check for useful add-ons as per your requirements.

Be clear about all policy details

Remember that it’s important for a person to clearly understand the specifics of the policy. If one fails to understand even a single policy detail then he/she may have to suffer huge unfriendly costs.

Be clear about refund policies of travel insurance

Insurance companies entertain cancellation of trip only for valid reasons. These reasons are mentioned in the respective insurance company’s policy. The reasons vary across different travel insurance companies like sudden sickness, family member’s demise or harsh climate.

Below are few essential factors to consider for getting the best deal on travel insurance

Check the clearance on coverage factor with regards to your policy-

Carefully analyze the policy in terms of clearance on coverage offered. Also check the reimbursement amount to be received from your insurance company.

Does your travel insurance offer grace period?

It’s better to get insurance from a firm which provides grace period. There are certain companies which provide grace period on the travel plans. This enables one to evaluate a policy easily. If one finds that the policy does not meet his/her actual requirements then he/she can return the same against full refund.

Are the following expenses covered?

  • Cancellation of trips
  • Luggage lost
  • Protection against evacuation- This can occur where government sanctions evacuations during sudden natural disasters

Concluding tip- In case of assistance, feel free to consult a professional for any help.