Travel insurance is necessarily an extra expense which a traveler need to make over and above the cost of travel,commuting,eating and lodging in different locations spend during a trip.Though the premium amount is quite low compared to the overall cost involved in executing the overall itinerary but still the people don’t understand the basic reasons why one should buy one.People tend not to consider it as a part of plan unless they are faced with emergency situations in a foreign land and situations which may arise at the starting stage of the journey.The emergency situation can be anything like cancelling a trip at the end time due to major health ailment within your family.
Top 5 reasons why travel policy is necessary are :
a) Emergency medical expense: One of the common things which your travel insurance covers. You should know that the regular health insurance plan which you have is not effective if you are in a foreign country. Specially when the countries in European or American continent where the cost of medical services are so high compared to India it become quite tough to bear from your own pocket
b) Trip getting cancelled : Say travelling you might be using a hopping flight and things are planned accordingly.Say you are going to Newyork through a connecting flight in Dubai and somehow the flight from the Dubai got cancelled because of bad weather conditions.In this you might require extra money by new tickets and even need to stay in a hotel for day , which was not part of our overall budget.In case you have taken a travel plan then all these extra cost can be reimbursed by your insurer.
c) Passport getting lost: This is actually a common phenomenon while going on foreign trips whether you accept or deny.In a situation like you need always need to pay an extra amount of money and get the new passport issued.This can be a very troublesome process. If you have already taken a travel insurance plan things can be well taken care by your insurer.
d) Your baggage getting delayed or lost: This might anytime happen with you on an airport.You baggage might not have got into the same plane through which you came and somehow mistakenly you lost your baggage on the go.This can lead a financial loss anytime . Compare travel insurance plans online India A fully insured traveller is not required to worry or hurry in this case as the insurer is there in the backend to support you.
e) Missing a flight: This might happen to anybody. Your flight might be scheduled for a particular but you are forced to miss because of your own health conditions or of somebody who is very close to you ,preferably somebody in your blood relations.If you journey is already you don’t need to think about the financial loss the event can cause , the insurer is always there is pay for the financial loss
Renew Individual Travel Insurance Plans The above are some of the most common reasons why one should have a travel insurance policy in place. The premium may be very small but you will always have an advantage of having one.