Why You Should Buy Travel Insurance?

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When a person travels abroad for business or for leisure, he would make a list of things that he requires but often miss out on the most important thing – travel insurance. If you are traveling to a place you are not familiar with then you might face a host of problems. If you have no friends or family member in the new place and some misfortune befalls on you then you might just end up spending a lot of money. The real value of travel insurance gets highlighted in such situations. A travel insurance helps people deal with all kinds of problems – medical and non medical. The policy has been designed to give the travelers a helping hand throughout the trip. However many people shy away from buying a travel insurance policy as they feel that it is a waste of time and money. But seriously speaking if travel insurance was not important then why would Schengen countries make it mandatory for individual travelers to buy travel insurance? Why are more and more people opting to buy travel insurance whenever they make a business or leisure trip? Let us find out…..

Cancellations or delays

If the trip is canceled unexpectedly or if there is any inordinate delay then travel insurance will help you recover some of the costs that you may have incurred. Airlines, travel agencies and car hire companies will be reluctant to give you a refund; so it is very important to cover your costs with travel insurance.

Medical treatments

If you become sick or injured during the course of your holiday then the last thing you need to worry about is money. If your medical condition is treated abroad then the cost will easily spiral into thousands. For example, a week’s hospitalization in a SE Asian country can make you poorer by USD 5500 or even more. The right travel insurance will ensure that you are covered for these medical treatments and you don’t have to empty your wallet in the hospital.

Emergency trips

There are some policies which will cover you in case you are returning home due to an emergency. This usually happens when someone back home has suddenly fallen ill and you need to return home to attend to the situation. Depending on the level of cover that you have purchased, you will be reimbursed for the cost of returning home and even for resuming your trip abroad.

Lost items

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When your valuable or baggage is lost or delayed in transit then that can prove to be a real dampener to holiday spirits. Losing a pair of shoes is not really anyone’s concern but when you lose your wallet or passport, it can prove to be disastrous. However, if you have the right cover, you will be able to claim some of the costs replace the lost items or at least get something as compensation. But you must read the policy document carefully to understand what items are included and what are excluded.

Emergency support

Having travel insurance can be boon since you will get the right support if there is any major political or otherwise trouble in the foreign country. The insurance provider will offer 24/7 phone support and some providers also include reverse charges in the policy which means that you need not worry about paying for the call.


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