Why Travel Insurance Is Essential
If you’re anything like us, you pack way too much, realize your suitcase won’t close, and then start taking things out. You don’t really need the snorkeling equipment, the sarong, or the second jacket. But there is one thing you must not forget to pack: Travel Insurance.
Many people weigh the extra cost and wonder, “Is Travel Insurance worth it?”
” The majority of the time, the answer is an all-caps YES. Why?
Here are 5 reasons why Travel Insurance is important and why you need it for your travel:
- It covers against medical emergencies:
Any Travel Insurance policy covers the cost of medical treatment up to a particular limit. These policies do not discriminate between the types of medical emergencies. It could be any type of medical or accident treatment and the insurance company will reimburse costs up to a particular limit to the mentioned limit. Insurance companies even have a list of network hospitals where you can avail treatment.
- It covers against risks of travel:
Travel Insurance covers risks during travel such as loss of passport and personal belonging cover, loss of checked in baggage etc. Having these risks covered ensures an additional layer of protection against financial loss. In case your flight is cancelled for any reason (as per coverage terms & conditions), having Travel Insurance will give you compensation up to a particular limit. Without Travel Insurance, these costs would have been a drain on your pocket. By reimbursing such non-refundable expenses, Travel Insurance protects your finances.
- Covers trip disruptions:
Trip disruptions mean any disruptions that may cause you to cancel your trip or curtail your trip due to any reason. Travel Insurance also provides coverage for bookings that are cancelled, entire trip cancellations either by you or by the tour company among others (As per the policy Terms and Conditions against each cover). Having these risks covered provides a level of compensation.
- Travel Insurance companies provide assistance:
In case of any problems on your trip, insurance companies provide all types of assistance. Their guidance can help you file your claims in the correct fashion and also help you find a network hospital to get treated. As long as your insurance policy is valid, the company is obligated to help you in times of need.
If you are still wondering why get Travel Insurance, then consider the risks that a Travel Insurance policy covers. The exhaustive coverage protects you against different types of risks and keeps you covered during your travels.
Source: https://bit.ly/3tg7F2k
