Before we go on a trip abroad, we undertake extensive research and planning to make sure that our trip is both secure and fruitful. We contemplate the need for travel insurance and whether it is a worthy investment for our financial safety. However, the fact remains that without a travel policy to help, you cannot be financially prepared to face the uncertainties of life, especially on an overseas trip.
This article elucidates the need for a good travel plan to ensure that your trip is hassle-free and well-protected.
5 Reasons Why You Need Travel Insurance for International Trips
1. Baggage or Passport Loss
Suppose you have reached your international destination, but your baggage has not yet arrived, or in the worst case scenario, lost by the airline company. Now, not only do you have to shop for personal essentials, but also other valuables that are in your luggage.
With an overseas travel insurance policy, though, you will get reimbursed for this expense that you incur, and if you lose your luggage altogether, you will receive reimbursement for the total value that you have lost. In the case of a passport, you will be reimbursed for the cost of issuing a duplicate passport.
2. For Medical Emergencies
One of the greatest benefits of purchasing a travel policy for your international trip is that it provides you with financial assistance for medical emergencies or health issues. Since medical facilities in most countries are more expensive than in India, you will realise that the cost of the premium for health insurance for overseas visitors is way lower than the amount that you would have to pay to receive medical treatment in that country.
3. Trip-Related Losses
There are times when you have to cancel your trip due to personal emergencies like a death in the family or sickness. There are also times when the flight is cancelled or interrupted due to inclement weather conditions. This could lead to a huge monetary loss, which can be recovered with your world trip insurance. This insurance reimburses the amount that you have spent on your non-refundable prepaid tickets.
4. For Financial Safety
What do you do if you lose your purse or wallet while on a trip? Wouldn’t it be an extremely stressful situation with strangers around you whom you cannot approach for financial help? Owning an overseas health cover can help you in a situation like this. It provides you with financial safety until you can find other sources for funding the rest of your trip.
5. To Avoid Personal Liability
If you unintentionally damage the property or physically harm another individual, you might be held liable for the damage and asked for financial compensation for the same. With travel insurance for international travellers, you can be relieved that you will be reimbursed for the compensation that you have to pay in foreign currency for your personal liability.
Conclusion
A good international travel policy will also cover your home in case of burglary in your absence. Make sure that you select a policy that comes with extensive coverage options so that you can get as much financial benefit from it as possible.
This will help ensure that you are protected against a wide range of potential risks, from medical emergencies to trip cancellations, giving you peace of mind throughout your journey.
