Nothing can be as Important as the Best Travel Insurance while Travelling Abroad

Are you planning to travel abroad? Do you have enough insurance coverage or didn’t you even consider the same? Whatever be the reason, you should not ignore having the best travel insurance plan. In fact, you won’t be allowed to travel overseas without a travel insurance cover. In this article, you will come to know about some of the situations where buying an insurance cover is an important decision.

Travelling is fun and full of energy. However, travelling without insurance cover is risky. That’s because travelling overseas might make you encounter unanticipated situations that can wipe out your wallet in minutes. Considering the same, purchasing the best travel insurance plan is one of the best decisions you can make. It not only saves you, but also secures your loved ones. An international or overseas travel protection policy protects you from shelling out for medical as well as non-medical emergencies in a foreign land, irrespective of the purpose of the journey.

According to sources…

As per a trusted source, near about 4.8 million people travel overseas every year. Also, around 70 percent of them go for international travel insurance cover. Not just that, sources say that India has the potential to become the biggest travel insurance player in the next couple of years. According to statistics, the travel market of India was at Rs. 4,510 Crore, in the year 2013-2014. Moreover, it is supposed to grow at a rate of 20 to 300 percent yearly. So, it becomes quite evident that the Travel insurance policy market of the country is likely to see a hike in the forthcoming years.

In case, you are not one of them who have realized the importance of insuring your journey for good, let’s take a quick look at some of the situations wherein a travel insurance cover becomes unparalleled.

Trip interruption or cancellation

When it comes to travelling, unplanned and non-refundable expenditures do occur. Things would be fine if your trip goes as planned. However, what if some unforeseen circumstance bounds you to return home before date or cancel your trip? Eating up the expenses is the only option left with you. Isn’t it? Well, if you have a Travel insurance policy with trip interruption or cancellation benefits, you won’t have to bear up the expenses on your own. Although the TCI (Travel Cancellation and Interruption) benefit does not include all reasons, some of the crucial ones are covered, like injury, sickness, death, etc.

Baggage loss

Imagine the situation, when you have reached your destination, but can’t locate your baggage anywhere in the vicinity. This is one of the most cumbersome situations that call for a travel insurance plan. International travel insurances from the best insurance companies do cover baggage loss. This cover becomes more important if you have valuable items in your bag.

Medical emergencies

It is another compelling reason for purchasing the best travel insurance plan. Even if you already have health insurance cover of your own or provided by your employer as health benefits, those might not cover you outside the boundaries of your country. Therefore, before getting a travel insurance plan, make sure to ask about this clause.