5 Essentials Your Travel Insurance Plan Should Cover

It is natural to feel excited about travelling overseas, be it on vacation, for business or to further your education. Our focus remains primarily on the positive and fun things that we expect to experience, and we tend to ignore the potential risks that we may encounter when abroad.

Travel risks like trip interruptions, bodily injury or even theft occur when you are unprepared for them. That is why you should buy travel insurance online for financial protection in such cases. Whether you are looking for travel insurance for senior citizens or family, or for a business trip, the purpose and type of travel decides what you should look out for in a travel policy.

5 Essentials Your Travel Policy Must Cover

1. Medical Cover for Accident and Illness

When searching for travel insurance online, it is a must that coverage for medical care is included in the policy. It is of utmost importance that your online travel insurance policy covers you financially when you suddenly get ill or have an accident in a different country.

Not only does a situation like this upset your vacation plan, but catering to medical needs in another country can also be financially draining. With a travel plan to cover your medical costs, you can rest assured that you will receive immediate treatment without spending out of your pocket.

2. Baggage and Passport Loss

Another coverage that is a must for your travel plan to include is loss of baggage or personal belongings. If your luggage is delayed, the travel policy will cover your necessary expenses until you receive your luggage.

Also, if it is lost or stolen, then you will be reimbursed for those items that were in your luggage. Similarly, if your passport is lost or stolen, then a travel insurance cover from a trusted insurer like TATA AIG will financially help you in obtaining another passport.

3. Trip Delay/Cancellation

If your trip is delayed because of bad weather, your travel policy will reimburse you for the extra expenses that you have to make for transportation and accommodation. Moreover, if you miss your flight due to a personal emergency (according to the conditions mentioned in the policy), you will be reimbursed for the non-refundable, unused expenses.

4. Personal Liability

There is a chance that you accidentally injure a third party or damage their property while in a different country. If such a thing occurs, your travel insurance will cover the cost of the medical treatment or provide reimbursement for the damage caused, saving you a significant amount.

5. Medical Evacuation

If you sustain injuries or are severely ill and require to be transported back to your country, your travel plan will cover your medical evacuation. You should also ensure that your travel policy provides coverage for repatriation in case of a policyholder’s death overseas.

Apart from these 5 essentials, your travel insurance policy should also cover dental treatment (emergency), personal accident, compassionate visit, compensation for hijack distress and financial assistance (emergency).

How to Select the Right Travel Policy

These are the points to consider when looking for the right travel insurance online:

• Policy Coverage – If you are looking for a good travel plan, you must make sure your travel policy includes all the above-mentioned essentials.
• Exclusions and Inclusions – Another important thing to do is to go through the policy carefully to find out what is excluded and what is included in the policy. Having a thorough knowledge of your travel policy will help you at the time of raising a claim.
• Policy Duration – You must ensure that the travel plan you opt for covers you throughout the trip’s duration. For example, if you are planning a two-week overseas vacation, your travel insurance plan should cover you all through the two weeks.
• Process of Claim Settlement – The process for settling claims should be easy and simple, as it will allow you to get immediate help when facing a difficult situation in an international destination. Moreover, with the cashless claim settlement feature available in travel policies, policyholders do not have to make payments immediately during emergencies.

Also, make sure that the claim limit matches the maximum premium that you pay for the insurance policy. You must make sure your requirements are covered within the claim limit.

Conclusion

With all the information that you have gone through in this article, it should be clear to you that your travel insurance policy is the key to your financial safety if any unexpected event occurs during your overseas trip. Therefore, read all policies properly and make sure that you select a travel policy with sufficient coverage for your international trip.