At present, insurance has become compulsory for travelers who travel abroad, and it helps in the emergency period, but unfortunately only few have insurance. Major advantage of having insurance is it takes care of your travel and protects you from any disasters that occur during the travel. There are many types of travel insurance like, student travel insurance, business trip travel insurance, annual or multi trip insurance and single insurance.
Choosing the wrong travel insurance policy may cause waste of time and money, so plan your insurance accordingly. It is important that you carefully read the policy documents to ensure they cover you need is included, this is especially true if you are taking the adventure sports or persuasion that many activities increases the risk of injury and therefore cannot be covered as standard or can be covered for a limited period in insurance. Policies vary widely, so it is better to compare travel insurance around if you have time, or speak to a specialist broker, trying to find a policy that covers your well-intended activity at no additional cost.
There are many advantages in travel insurance, here are listed a few.
Immediate Medical Aid
During the emergency situations medical assistance service will help in travel. This service will pay for all types of the ambulance service like road, air and sea rescue ambulance and also the hospital bill. Medical bill is fully payable in emergency situations by the travel insurance. Pays for emergency medical assistance, especially to find someone in the hospital, if the costs of ground ambulance service or, an air ambulance or rescue at sea, although you should make sure you are covered by these activities in which you are injured or become ill.
Hospital Treatment Medical Treatment
It is the most popular benefit in travel insurance which covers the illness and injury caused by accident while traveling. Mainly this policy covers the hospital bills, but there are some exclusions and limitations of the coverage. This policy covers the medical bills of the hospital; however there are some limitations like surgery, ambulance charges. Get the full details about the risks and exclusions in this policy from your insurance adviser. This is most well know advantage that if you fall ill or met with an accident during the trip or travel, you would be covered for entire medical bill as per the policy coverage you taken. Policyholders should know the hidden risk and conditions in this policy, so check for all details before getting this policy.
Insurance company will pay for your safe home return after a medical treatment or any emergency situations in that nation and carry your remaining if you died during the trip.
Canceling your Trip
Cancellation or cut short your trip with some valid reason, your loss of money will be paid by the travel insurance. Insurance company will pay the amount, only if you have reasons like dear one’s death or any emergency circumstances.
Loss of money due to a delayed flight will be paid by travel insurance company. Reimbursement of money will be paid only by the distance of traveling and hour of delay. For example If you plan to fly from London to New York which covers the distance of 5567Kms and the flight delayed for 4 hours then compensation of $1000 will be paid by the insurance company. However missing the connection flight due to delay will not be included in compensation. Company reimburses the money which is lost due to missing of flight to unavoidable circumstances.
Personal Injury Compensation
Reimbursement of amount paid for the personal accident or disability caused during the travel. Compensation will be paid according to the injury and disability. Read the terms and conditions for this coverage.
Loss of baggage with all the personal belongings is compensated with this coverage. It also covers the business materials and documents. List of the materials in the baggage should be given to travel insurance company before to make the coverage.
These are the major advantage of the travel insurance. If you need best insurance policy visit the travel insurance comparison sites to narrow down the travel insurance policy. You can also seek advice of insurance broker for more coverage details.
About the author
Ben Richard from Australia, 25 yrs old. I am working as a manager in a well reputed company and am also interested in writing some articles. My recent articles about travel insurance and travel insurance comparison created awareness in people about the topic.