Why Do I Need Travel Insurance
The main reason why travel insurance is important is that it ensures peace of your mind by protecting you against unforeseeable situations. Travel insurance is a must for anyone travelling, whether it's for work, pleasure or a special event. It will protect you against the unexpected, and let you enjoy your trip with no fear of financial loss.
It might seem like it's not important to get insurance if you're able to handle losses on your own. If you've had to deal a lost bag or a canceled plane while on holiday, then travel insurance could be life-saving.
You need it to reduce your financial risk. It can cover everything from medical emergencies and flight cancellations to losing your personal items while abroad.
Finding the right travel insurance for your needs can be difficult.
The benefits of travel insurance are many. They include medical coverage, interruption and cancellation cover, flight accident cover and emergency repatriation. The amount of coverage you need will depend on your specific itinerary and the cost of your trip.
1. Medical Emergency
Medical emergencies, as we've already said, can happen at any given time and can be extremely expensive. In addition, there are some hospitals abroad that may not be equipped to deal with your illness.
It can be hard to decide where to receive treatment when you're abroad and whether the locals are willing to accept your insurance. This can be a stressful and costly situation for many travelers, especially if you are travelling with a family member or friends.
2. Trip Cancellation and Interruption Benefits
If for any reason you need to cancel or interrupt your trip due to a covered reason, your travel insurance policy will refund you in full. Be sure to carefully read the policy terms and conditions and take note of any limitations.
3. Flight Accident Benefits and Emergency Return to Home
In the event that you should be injured during a flight, travel insurance pays for a replacement and return to airport ticket. This is especially useful if it's a long flight and you expect to be in the foreign country within days.
4. Luggage Loss & Damage Benefits
If your luggage goes missing or is damaged, your travel insurance policy will reimburse you for the costs of replacing it. This can be especially helpful if traveling with expensive items like furs and jewelry.
5. Other Coverage Options
Some policies offer a range of extra cover options including sports and adventure insurance, cruise travel coverage and more. You can also find a number of options that provide travel insurance for children or pre-existing medical conditions. If you don't see exactly what you need on the insurer's website, it's best to call and speak to an agent so that you can discuss your travel plans with them and they can tailor a policy to meet your needs.