Travel Insurance

What is Travel Insurance, and How to Avail it?

Why do we need to know about travel insurance?

Imagine this scenario. You are thrilled about this much-awaited, once-in-a-lifetime trip to your dream destination. You have been preparing for months to make this trip a memorable one. Tickets, itineraries, packing essentials, accommodation, sightseeing tips, travel bookings, transfers; you have taken care of all. Think again! There is one very important thing that you might have missed out on that can transform this carefully planned trip to crash down on your dreams. Did you know that by April 2022 alone, seven out of 1000 bags handled at airports were reported as lost?

According to data from the Air Travel Consumer Reports published by the Department of Transportation, 684,000 bags were mishandled during the first quarter of the year 2022. This alarming data for lost baggage should not be the only one that should make you rethink your travel plans. There could be other issues that you may face when you are traveling, like loss of passport, flight delays or even cancellations, dangers of getting mugged or robbed, and many such unforeseen incidents. Therefore, taking out travel insurance to safeguard yourself against these untoward incidents is essential for peaceful, stress-free travel.

What is travel insurance?

While buying travel tickets, many airlines and other transport companies offer a package that includes insurance. Travel Insurance protects you against losses and unforeseen costs during travel. A good travel policy reduces financial risks to your luggage and your health and belongings. Emergencies during travel can be handled with ease when you are equipped with travel insurance. Before buying travel insurance, it is important to understand its key features.

Key features of travel insurance

There are different types of travel insurance available that offer you coverage for different risks that you may encounter during travel. These are:-

  • Medical for short-term and major medical coverage
  • Accidental Death and Flight Accident Coverage.
  • Trip Cancellation or delay coverage
  • Baggage or personal effects coverage
  • Coverage for loss of passport and/or important documents

It is advisable to assess your probable risks before embarking on your travel so that the appropriate policy can be chosen. Make sure to insure yourself against any untoward incidents that may disrupt your travel itinerary. Plan well to enjoy your trip and return back safely