Have you ever feared of meeting with an accident half way through your holiday trip?
Now, travel insurance comes in handy to avoid those nightmares! So what exactly does this travel insurance cover? Lets have a look. “Travel insurance is insurance that is intended to cover medical expenses and financial with an assurance jeune (such as money invested in nonrefundable pre-payments) and other losses incurred while traveling, either within one’s own country, or internationally”. One can also take travel insurance while booking the travel tickets to cover the exact period of travel.
The risks that covered under travel insurance are:
- Medical and health cover for an injury or sudden illness abroad 24 hour emergency service and assistance.
- Personal liability covers in case you’re sued for causing injury or damaging property.
- Overseas funeral expenses.
- Lost and stolen possessions cover.
- Cancellation and curtailment (cutting short your trip) cover.
- Extra cover for activities that are commonly excluded from standard policies, such as jet skiing.
- Delayed baggage, etc.
Certain travel insurance also covers Acts of Terrorism, complications of pregnancy, incidental trips home with the assurance maison. One can ask the insurance provider to include the risk that you want, to be covered. Mostly these travel insurance do not cover drink or drug-related incidents. Group insurance policies are also available to cover the entire group you are travelling with.Always know the insurance companies current financial condition.
Try to book with a travel company that holds an ATOL (Air Travel Organiser’s Licence) or is a member of an association that can offer financial protection for your travel arrangements, e.g. ABTA or AITO. It is wise to opt for a travel insurance to avoid further tension in an already sticky spot outside your home. Some of the companies offering travel insurance are Global Underwriters, International Medical Group, iTravel Insured, HCC Medical Insurance, Tata AIG, Travel guard etc.