Advantages of Travel Insurance for Overseas Travelers
It is wise to get travel insurance coverage before you set out on your new adventure. There are many benefits of travel insurance that you can avail yourself of upon opting for them. In this article, we will discuss the top 10 benefits that you can get upon getting international travel insurance for your needs. Read on to learn more about it.
What is International Travel Insurance?
An International Travel Insurance refers to a policy that protects travellers from any kind of unforeseen events while on a trip abroad, which can be both medical or non-medical in nature. It covers for financial costs related to lost baggage, loss of passport or other important documents, medical costs, personal liability and more. Opting for travel insurance like this is beneficial for people who travel abroad frequently.
Features of an International Travel Insurance
While the exact benefits of travel insurance applicability vary from insurer to insurer, International Travel insurance generally has the following features:
- Coverage for Loss of Passport, Loss or Delay of Checked Baggage with the Airline.
- Cashless Treatment for Inpatient hospitalisation or Medical Reimbursements for OPD Treatment when you meet with an injury, illness, accident or even death while on a trip abroad
- Financial Indemnity Support for Flight delays, Flight cancellations and Trip Cancellation instances
- Medical Evacuation coverage for when the insured needs to be transferred to a medical facility for better treatment or Repatriation of Mortal Remains in case the insured traveller, unfortunately, passes away whilst abroad.
Top 10 Benefits of Getting Travel Insurance for International Trips
There are various travel insurance benefits to getting international travel insurance. Here are a few of them:
1.Get Coverage for Trip Cancellation
An international trip costs a lot more than one taken domestically. Hence, it is only in your best interest to opt for international travel insurance. For instance, if a cancelled trip is due to facing any kind of illness or injury, then you can get reimbursed for the non-refundable part spent on booking the trip. A few types of costs covered under this type of policy are - trip deposits, hotel reservations, car hire deposits, flight tickets and more.
2.Cashless or Reimbursement for Medical Coverage
Getting stuck with a medical emergency when in another country can be daunting. Furthermore, getting treatment in a foreign country is also going to cost a lot more. This is where the benefits of travel insurance can help you out. For Inpatient treatment, the policy offers Cashless treatment and for Outpatient treatment, the insured member can pay and get a reimbursement when back in India.
3.Financial Assistance for Lost/Delayed Checked In Baggage
It is not uncommon for the Airline Carrier to misplace or delay checked-in baggage when travelling internationally or nationally. It could happen due to carelessness on the part of the baggage handler at the airport or even theft. This is where travel insurance can come in handy. One of the advantages of travel insurance is baggage loss coverage. You can get indemnified to cover the loss of your baggage and the items in it. Make sure to check whether the insurer you choose provides this coverage or not.
4.Get Reimbursement for Lost Documents
Losing your passport can be terrifying, and it happens to travellers more often than you think. In the event, they have to go through a long-drawn process of applying for a new temporary passport with the Indian Consulate of the country (where they have travelled). The applicable fees and charges for the same are covered under the policy. The benefits of travel insurance, in that case, would be that it would be able to get the reimbursement of the fees to get a new passport.
5.Missed Connection/Departure Coverage
The policy indemnifies the Insured for Additional Accommodation and Traveling Expenses incurred because of the Insured Missing Departure of the pre-booked outward journey or Pre-booked return journey to his country of residence due to an Accident or Mechanical Failure, Traffic Congestion due to an Accident, or Inclement Weather causing interruption to the insured’s journey. As a benefit of travel insurance, this is only going to be a lot more beneficial for you.
6.Have the Flexibility of Getting Add-Ons
This varies from insurer to insurer but travel insurance plans generally are flexible in nature. It means that they can be customised to the insured’s changing travel needs. Insurance plans like this have the capacity to accommodate extra add-ons and riders which offer additional benefits on top of available basic benefits. For example, you can get trip extension add-ons or other additional benefits like dental insurance along with your basic travel insurance benefits.
7.Indulge in a Worry-Free Travel
Getting travel insurance ensures that you can enjoy your trip without any worry or stress. If any unforeseen circumstance occurs and brings more charges on your plate, then they will be covered by your travel insurance policy. Having a financial backup like this would also allow you to reconsider extending your stay at a destination after you have recovered and are fit to travel again.
8.Get Coverage Against Personal Liability
Personal Liability indicates the legal responsibility that you have for any Property Damage or Bodily Injury that you unintentionally caused to a third party. In this instance, a travel insurance policy provides its policyholders with Personal Liability coverage.
9.Receive Protection for House While Traveling
There are many travel insurance companies that allow policyholders to claim coverage for the safety of their home in India while they are traveling abroad, subject to the fact that the home remains closed for atleast 7 days
10.Provide Coverage to Your Whole Family
It is a given that going on a family trip brings the brunt of more expenses. By having international travel insurance, you can get all of your family members covered under the same policy. This will ensure that you are able to enjoy worry-free travel. For instance, if all of your family members’ flight tickets get cancelled, then you will get coverage for those costs under a travel insurance policy. Or if any family member is unfortunately hospitalised, the medical expenses are covered.
Final Words
If you are thinking about getting International Travel insurance then definitely go for it. There are many benefits of travel insurance that you can avail during your next international trip.
