Travel Insurance Policy – Myth Vs Reality

Most of the times, people consider travel insurance policy as unnecessary, especially when it is the matter of domestic trips. Moreover, they find it to be a burden on their wallets. First of all the ever increasing price of the flight tickets and then travel insurance on top of it, it considered to be enough. Although people are fine with purchasing insurance protection for international trips, alas it is travel insurance for domestic trips that has to go through all the burns. The reason – the latter is often surrounded by misconceptions. This blog reads some of the most common myths related to the same.

Myth I – When flying time is short or less than even one hour, no travel insurance policy is required.

Reality – Emergencies don’t depend on the duration of a flight. Unforeseen situations can happen at any point of time and take fraction of seconds to change any normal circumstance into a disaster. The duration of your flight might be less than one hour or so, but what if any or all of the following emergencies arise:

The situations mentioned above are independent of time. One of the best ways to get ready for such misfortunes is buying an online travel insurance plan. It helps you get financial aid during an emergency situation.

Myth II – Buying travel insurance for domestic trips can burn holes in your pocket.

Reality – Dear traveler, if you can afford taking domestic flights, you should be able to afford insurance as well. Domestic travel protection plans are not at all expensive. It is just a common mindset that makes them so. Once you get to understand the need of travel protection, it won’t be an expensive option for you anymore. Moreover, there are plenty of options to choose from. So, you won’t run out of choices.

Myth III – The process of purchasing an insurance plan and getting compensated is very complicated.

Reality – This is an utter misconception. With the incorporation of technology into the insurance industry, things have become pretty easy and quick. Just buy adequate online travel insurance and enjoy a hassle free journey. One of the best things related to claim settlement is, most of the reliable and reputable insurance providers do not entertain the involvement of third party administrators. With them all insurance claims are undertaken by their in-house claim settlement executives.

Other important considerations

These are some of the most widely spread misconceptions regarding travel insurance policy. Now that you are aware of the same, you shouldn’t undervalue it. As there are plenty of insurance provider operating in the market, be very sure before investing your hard earned money. Carry out proper and extensive research beforehand.

You can also compare different policies before picking one. Comparative analysis with a reliable insurance broker(s) would surely help you find adequate travel coverage for you. However, make sure to go for a technology-driven, customer-oriented and IRDA (Insurance Regulatory and Development Authority) certified company.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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