Travelling is one of life’s greatest pleasures, bringing people new experiences, relaxation, and adventure. However, if anything goes wrong on your vacation, it can quickly turn from excitement to frustration. That’s why travel insurance is useful for providing a sense of security whenever things don’t go as planned. Whether you have a short weekend getaway or a long holiday, learning the importance of travel insurance is important.
So, if you are wondering why should I get travel insurance, the following are the top 10 reasons explaining how travel insurance can be your best companion for a worry-free trip.
Top 10 Reasons to Buy Travel Insurance
When wondering why should I get travel insurance, here are the major reasons:
- Medical Emergencies While Traveling
There is a fundamental reason to travel with insurance: to protect yourself financially in medical emergencies. Accidents can occur at the most unexpected moment, especially while travelling far away from home.
Also, medical bills in foreign countries can be huge without travel insurance, and a person may suffer financial burdens. Having a travel insurance plan enables individuals to gain coverage for medical emergencies, personal accidents, and more.
For instance, travel insurance plans, like the Star Travel Protect Insurance policy, can help you cover the cost of emergency medical care, including hospitalization, treatment, and even medical evacuation if necessary, during your travel or stay abroad.
2.Trip Cancellations or Interruptions
Life is unpredictable, and sometimes, plans have to change. However, cancelling a pre-planned trip can lead to significant losses. Travel insurance protects you from non-refundable expenses in case of accidental injuries or death of the insured individual or their family members.
In this regard, the insurer reimburses the policyholder or their legal representative up to the specific amount mentioned in the policy documents.
3.Lost or Delayed Luggage
It is frustrating to lose luggage during a trip. The good news is that travel insurance can help recover the expenses due to lost or stolen luggage. Thus, if your checked-in baggage goes missing when you are travelling, you won’t have to bear the financial loss.
Furthermore, if your checked-in luggage is delayed for more than 12 hours, you can get compensation up to the limits specified in the policy documents.
4.Flight Delays and Missed Connections
Weather, technical issues, or other airline-related problems can cause delays that ruin your travel plans. Furthermore, there can be situations in which you miss your flight, which can significantly add to your travelling budget.
Having travel insurance will reimburse you for additional expenses such as hotel stays, meals, and transport up to the policy-specified limits.
5.Coverage for Lost Passport
A passport is the most important document you can have when you are travelling. If it gets lost or stolen, it can result in several financial and legal hassles. Fortunately, having a travel insurance plan can help you get coverage for lost passports.
The insurance company will reimburse the costs incurred to obtain a new passport or other necessary travel documents required for you to return to your home country.
- Emergency Medical Evacuation
In cases of serious medical conditions, while traveling out of the city or abroad, emergency medical evacuations might become necessary. Under such circumstances, having a travel insurance plan can be an absolute lifesaver.
Upon advice from the treating physician, the insurer can provide medical evacuation to a better medical facility or the insured’s hometown.
2.Compensation for Personal Accidents
Let’s face it: accidents can happen at any time, and one must be prepared. In case the insured individual faces disablement or death due to an accident while travelling, having travel insurance can allow them or their legal representatives to gain financial coverage.
Under such situations, the insurance company usually provides a lump sum payout.
3.Coverage for Dental Emergencies
In case a dental emergency arises after an unfortunate accident when traveling, a travel insurance plan can provide compensation for acute anesthetic treatments. However, the procedures covered, and the extent of coverage tend to differ across policies.
4.Repatriation of Mortal Remains
There can be several circumstances leading to the policyholder’s demise when traveling. In such situations, it can be a tremendous financial and emotional burden to arrange for the final rites.
Under such circumstances, a travel insurance plan can provide coverage for transporting the deceased’s remains or arranging for a local funeral.
5.Personal Liability Cover
Although unlikely, you might be sued for illness, property damage, or injury to third parties while travelling. In such situations, a travel insurance plan can provide personal liability coverage, saving you from unnecessary expenses.
Why Should I Get Travel Insurance?
One of the major reasons why you should get travel insurance is to gain financial coverage for all the probable circumstances that can jeopardize your trip. Also, whether you are travelling for leisure or an educational course, certain countries have mandatory travel insurance requirements.
Furthermore, when you are on a high-budget trip which involves catching several flights, a travel plan can be ideal to compensate you financially in case of a flight cancellation or delay.
Now that you have the answer to why should get travel insurance, the only thing left for you to do is find a suitable policy. In this regard, the Star Travel Protect Insurance Policy can be an ideal choice, with flexible sum insured options and extended coverage for senior citizens.