Travel insurance is something that you will be familiar with, if you have visited abroad. This type of insurance covers you, your luggage and your tour schedule, including your medical expenses, while you are visiting a foreign country. A tour across foreign country means you have little or no connections and support and this thought itself can make you uneasy. Travel insurance gives you a chance to sit back and relax on your foreign tour, and enjoy it to the fullest without worrying about hypothetical situations. So, here is everything you want to know about travel insurance.
- What is covered?
Compensation for accidental injuries and hospitalization in foreign country is included in the travel insurance. But not just that, travel insurance also covers situations such as loss of important documents and luggage, legal expenses for third-party liabilities, trip cancellations/ interruptions, and even the incidents of fire/ burglary at your home while you are visiting another country.
2. Why is it important?
Many governments have made it mandatory to get a valid travel insurance for obtaining a visa. So, there are different requirements put forth by different countries regarding travel insurance. At the same time, if you are travelling with your family or you are a frequent traveler, there are more chances of issues on your foreign trip. Hence, it is very important to safeguard yourself as well as your family from financial hassles in a foreign country.
3. How to get a travel insurance?
Getting a travel insurance policy has become so much easy now-a-days, thanks to technology. You can easily visit the official portal of an insurance provider and get a quick quote for the kind of travel insurance you need. Also, applying for the insurance policy and making online payment is also now so much easier and secure. In case of any further assistance with your travel insurance, you can get in touch with the company too.
4. When it is not applicable?
Of course, there are certain limitations of the travel insurance policy too. For example, the travel insurance policy doesn’t cover medical expenses for cosmetic surgery, self-inflicted injuries, injuries due to adventure sports and risky activities, non-allopathic/ unproven treatments, treatments that can be delayed until your return, and injuries due to participation in illegal activities or warfare.
5. Which is the ideal insurance provider?
You need to select an insurance provider who is capable of processing your claims and managing it from whichever country you are visiting. This is why you need to buy insurance from a global company or a joint venture of insurance companies from your country and the destination country. Selecting the right insurance company is vital to having a fruitful insurance policy and a safe foreign trip.
Needless-to-say, travel insurance will give you the freedom to enjoy your trip and stay protected against any uncertainties. It will empower you to take the remedial steps faster, in the case of any mishaps, without worrying about money and forex exchange. So, get a travel insurance policy from reputed global insurance providers such as Bharti AXA and travel safe.