It makes sense to purchase insurance to protect the money you’ve spent on your holiday. After paying for airfare, lodging, food, and activities, it is understandable if you are reluctant to add more price to your travel budget. But, if you cannot afford to lose that money in an unforeseen event, overseas travel insurance can be a wise investment.
The following are some Travel Insurance Benefits:
Online travel insurance can reimburse you for trip-related expenses incurred due to unforeseen circumstances before and during your journey.
- Trip cancellation travel insurance
Before you can finish packing your sunscreen and swimwear, an unforeseen event could cause you to postpone your trip, such as if your tour operator goes out of business, you fall ill, or a family member passes away. In such cases, travel insurance that includes trip cancellation coverage will compensate for non-refundable, pre-paid trip expenses.*
In addition, if you, a family member, or a travel partner becomes ill or injured while travelling, the trip cancellation element of the insurance will typically reimburse you for the unused portion of the trip. The trip cancellation benefit may also apply if you, a member of your immediate family, or a travel companion passes away while travelling.*
- Emergency medical coverage for travel
Numerous health plans only provide coverage within the nation. That implies you must pay for your medical care if you become wounded or unwell on your trip, and if you don’t believe it’s likely, you should reconsider.*
Up to the policy’s limits, medical insurance for travel can cover doctor and hospital bills, ambulance service, medication, X-rays, and lab testing.
- Medical evacuation travel insurance
Medical evacuation Travel insurance covers the cost of being transported to the closest overseas medical institution equipped to treat you and returning to your home country for advanced medical care. A policy can also cover the repatriation or transfer of a traveller’s remains to their home country.*
- Insurance coverage for missed connections
You are losing a connection when travelling might be a costly inconvenience. The missed connection travel insurance reimburses you if you miss your flight due to a covered circumstance.*
This would compensate for a three-, six-, or twelve-hour travel delay caused by a mechanical problem on an aeroplane or a storm that prevents a cruise ship from docking on schedule. Often, the compensation would cover the expense of rejoining a tour or cruise.*
- Travel delay insurance
Travel delays inconvenience many travellers. When a flight is delayed owing to a covered reason, such as inclement weather or a technical fault, a policy with travel delay insurance will refund restaurant and hotel charges.*
The travel delay benefit may also reimburse you for unused pre-paid, non-refundable trip charges if you cannot reach your destination on time or return home.
- Baggage insurance
Overseas travel insurance coverage includes baggage insurance can reimburse you if your luggage is lost, stolen, or damaged while travelling. Your homeowner’s or renter’s insurance policy can cover the theft of your bags and valuables. Baggage insurance covers your personal belongings, so you can file a claim if your backpack is stolen. Note that baggage insurance only reimburses you for the depreciated value of your belongings, not the amount necessary to purchase new items. In addition, there are exclusions and limits on specific products.
Also, some online travel insurance policies cover delayed baggage. This coverage can reimburse you for items you must purchase, such as clothing and toiletries, while you wait for your luggage to arrive. Remember that baggage delay benefits are subject to a stipulated waiting period before applying.
So, it’s high time to stop doubting and invest in good travel insurance before you next great outdoors!
* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.