Why travel insurance is crux while travelling?

Published on : Wednesday, August 17, 2016

travel insuranceFor the avid travellers, planning the perfect vacations is a matter of no-time. But even then there are some basic points which are skipped no matter how confident you are. Travelling to a strange land, there can be high chances that visitors will be vulnerable to illnesses and accidents which apparently do not have any sure ways to prevent.

 

 

Travel insurance may be the last thing on your mind when you’re booking a holiday but while travelling long haul journeys, it is wise to opt for one. Although travel insurance cannot help people avoid misfortunes during their travels, it offers consolation in the form of monetary compensation, which can be very useful in certain situations.

 

 

The main categories of travel insurance cover:-

 

There are two main types of travel insurance policy – Single Trip insurance, and Annual insurance. With a single trip insurance policy one is covered just for the one trip the details of which are specified in the documentation. An annual travel insurance policy will usually cover for multiple journeys during a fixed period of time, but can be limited to just a specific area of the world.

 

 

Travel insurance is not the razzmatazz for the corporate travellers but is an essential part of the planning. Vice President of Marketing for the Air Rescue Card, Kathy Steligo shares an interesting byte with us:

Travel insurance provides three types of coverage. Basic travel insurance compensates the partial or total cost of travel and accommodations if your trip is cancelled or delayed. Payment is dependent on certain conditions, which may include illness, death in the family, and others. These plans also provide ancillary traveller benefits, and may impose deductibles and cap payments.

 

Although unexpected, sickness and injuries needing medical attention occur frequently during travel. If you need a doctor or a hospital while abroad, you’ll most likely be required to pay with cash or a credit card before service is provided. (Your health care plan at home likely doesn’t cover medical services abroad.)Travel health insurance covers some or all of the cost. Included services include referrals to qualified physicians and adequate medical facilities, guaranteed payment for medical services, and translation services (comes in handy when you don’t speak the language). Some travel health insurance may also include evacuation to the nearest medical facility.

 

Medical evacuation insurance provides a medically staffed flight back to your home country. Without this type of coverage, evacuation costs can be substantial: $50,000 or more. A prepaid Air Rescue Card membership, for example, includes monitoring of your medical condition and treatment, and air ambulance transport directly to your hometown hospital from anywhere in the world.

 

Travel insurance is a highly competitive industry, with varying benefits, limitations and exclusions. Be sure to understand what is and what is not covered before you buy.

 

Tips:

 

Concluding thought

Arranging travel insurance is a boring but vital part of planning your next dream holiday or weekend break abroad.  And when you have the right insurance in place to cover you on your trip, you can ensure that your dream vacation turns out to be all you had planned and more.

 

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