You're likely excited to explore new destinations, different cultures and create unforgettable memories as an international traveller. However, with the thrill of travel comes the risk of unexpected events, such as medical emergencies, trip cancellations, etc. This is where travel insurance comes in – an important investment that provides financial protection, peace of mind and assistance when you need it most.
Let’s explore and understand the importance of travel insurance for international travellers, highlighting key coverage areas for health, safety and convenience.
Why travel insurance is a must-have for international travellers?
International travel can be unpredictable and unexpected events can happen any time during a trip. Here are some reasons why travel insurance is a must-have for international travellers:
- Medical emergencies: Medical emergencies can happen anywhere, and healthcare costs can be expensive to deal with while travelling. Travel insurance provides coverage for medical expenses, including doctor visits, hospital stays, and emergency medical evacuations.
- Trip cancellations and interruptions: Trip cancellations and interruptions can be costly and stressful. Travel insurance provides reimbursement for non-refundable trip expenses, helping you recover from unexpected events.
Key coverage areas for health, safety, and convenience
Travel insurance policies typically offer a range of coverage areas, including:
- Medical coverage: Provides coverage for medical expenses, including doctor visits, hospital stays and emergency medical evacuations.
- Trip cancellation and interruption coverage: Provides reimbursement for non-refundable trip expenses in case of trip cancellations or interruptions.
- Loss/delays of checked-in baggage: Provides safety by compensating for expenses incurred due to loss/delays of checked-in baggage.
- Pre-existing condition coverage: Travel insurance plans also allow one to cover pre-existing medical conditions, which most standard insurance policies do not.
- Covers trip cancellations: The cost of trip cancellations is covered either fully or partially if you have a travel insurance.
Tips for purchasing travel insurance
- Read policy terms and conditions, limitations and exclusions carefully before purchasing travel insurance.
- Purchase travel insurance promptly after booking your international trip for reasonable price.
- Check for the assistance company and their local network medical services providers.
- It is essential to research your destination’s specific requirements while choosing travel insurance policy.
- Ensure adequate coverage for trip cancellations, medical expenses or emergency evacuations.
- Disclose any pre-existing medical conditions to avoid claim rejections.
- Research thoroughly the insurer's reputation, coverage plans and customer reviews.
The final note
International travel can be unpredictable as unexpected events can happen anytime. Travel insurance is an important investment that provides financial protection, peace of mind and assistance when you need it most. You can ensure a safe and enjoyable journey by understanding key coverage areas and choosing the right policy.
Disclaimer: No Business Standard Journalist was involved in creation of this content