I hope most of the people know what exactly travel insurance is & how it is beneficial for you if are traveling quite often, but however, in case you don’t know. This article is worth reading. Travel insurance is an umbrella term that encompasses several insurance benefits offered to a traveler before, during and after the trip. This catch-all like trip cancellation insurance, baggage insurance, personal accident insurance & so forth.
Why should you go for travel insurance policy?
Taking out a travel insurance policy is never an obligation. However, it is strongly recommended to purchase travel insurance if are traveling abroad, especially outside of Europe. In case of accident or illness, medical costs can be particularly expensive, and the question of their management is not negligible. Moreover, particularly in countries with low medical facilities, repatriation is very useful. About material insurance, such as trip cancellation, baggage, etc.., their interest is more subjective. In all cases, to overcome the risks of travel, buying insurance is essential to minimize financial loss.
Where and how to purchase travel insurance?
Travel agency: When you book your trip with a travel agency, In most of the cases they offer travel insurance to purchase a travel insurance policy. Generally, this contract is with an insurance partner in your agency. Taking out travel insurance in this way is usually the simplest solution & that best suit your trip.
An insurance company: You can choose to purchase travel insurance directly from an insurance company. Some insurance companies may offer you, in your usual insurance (comprehensive household type), an additional security assistance worldwide covering traveling (usually for a period not exceeding three consecutive months). If you travel regularly, this may be the most practical and least expensive.
The bank: Most banks offer their customers insurance attached to their bank cards, including travel insurance. However, it is necessary to find out precisely the conditions of use of such insurance, In most of the cases, such insurance only works if the payment was made with the card.
In all cases, when buying travel insurance, remember to check.
- Who needed to be insured and the insurance benefits, spouse, child, etc..
- The countries where your travel insurance works.
- The extent of benefits to which the insurance contract provides right.
- Which is not included in this insurance contract.