Travel Insurance – Do You Really Need It?

By Author: Pranav V Sharma
Total Articles: 141
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When you’re travelling abroad and you’ve had a very tiring year; you really don’t need to have any worries. At the same time, holidays don’t come cheap and you don’t want to spend any more money than you already are. But travel insurance isn’t expenditure, it’s an investment towards a safe journey.

You never know what could happen in a foreign country. Even if you have medical insurance, most policies don’t pay for diseases that you get overseas. Or if you fall sick abroad and need to be moved back home in case you don’t like the medical facilities, travel insurance can pay for your trip.

To enjoy a smart, safe holiday, travel insurance is the key. You never know what could go wrong, or how the place you’re going to might land up being. If, for instance, you lose your baggage and passport, you might need an excess of money that you don’t have. When you have travel insurance, such worries are wiped out.

The amount of coverage one gets with such insurance policies depends on the amount of premium costs you are paying. The more the premium, the more the coverage. If you’re going for ...
... a short holiday, it doesn’t make sense to buy very expensive travel insurance. Buying one that’ll cover the basic costs like delayed flight charges, lost baggage retrieval, etc., should suffice. If you’re going for a long holiday, it is advisable to invest in a travel insurance that’s a little more expensive as it’ll cover a lot more extensive expenditures.

Travel insurance is not just for you, it’s for your family, as well. When going for a vacation with your loved ones, remember that travel insurance is the responsible option. Whenever you buy travel insurance, always read the fine print. Some insurance companies might provide insurance but have so many exclusions that it does not make sense to buy them. Make sure you know what your policy includes or excludes, so in the case of an unfortunate event, you’re not availing the insurance in vain.

Whether you’re planning to go for a long holiday, or a short trip; whether you’re going with family, with friends, or just by yourself, wherever you go, travel insurance is what ensures you can leave and return in peace. While you may think that it’s a pointless waste of money, remember that you never know what can happen. Being in a foreign country, it’s always advisable to think ahead. A small investment for a safe future isn’t such a high price to pay.

Author Profile :

Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right travel insurance policy online & often shares his insights about the general insurance industry on internet.