You generally read the horoscope column to know about your day or week ahead. Stop! Go for travel insurance instead. This would ensure a safe and secure trip for you. An average person considers insurance as a waste of money. You would be surprised to know that your traveling insurance covers more than what you think. It not only helps you to protect your baggage, any health problem or delay in the trip but also extends coverage to road mishaps and other such loss.
Travel insurance could be already there in your homeowner’s insurance policy, credit card or your travel ticket. Ideally a good insurance is the one which caters to all the needs of the traveler. There are companies giving the following benefits:
• Overseas coverage,
• Protect electronics,
• Take care of health or injury in a foreign land,
• Assist with services 24x7,
• Reimburse for the lost, stolen or broken possessions like documents, jewelry, bags
• Cover for medical emergencies like evacuation due to health problem or repatriation
• Cover emergency cancellations like bookings, flight etc.
• Cover the risk involved in any dangerous sports like scuba diving, jet skiing, surfing etc.
• Personal accident coverage
• Legal expenses
• Protect in case of bankruptcy.
• Renting a car, road mishaps are covered
• Sudden death or injury in foreign land
• Travel to risk afflicted countries (with active anti social elements)
These key points protect the basic needs of an individual while on a journey. Insurance policies for family as package deals are also available to ensure safety. A few covers are however not provided by some companies and an extra premium needs to be paid to include those additional covers in your policy.
There are custom made insurance covers for senior citizens and students. Pregnant women are also offered travel insurance and are covered during their pregnancy period. There are also customized insurance options for people visiting a foreign country.
A few exclusions are enlisted by companies and the dealers avoid coverage for a few situations. These include:
• Pre existing medical treatments like cardio-vascular, asthma or diabetes cure
• Sickness or illness caused due to drug abuse or alcohol
• War or terrorism situation in countries
• It is always advisable to be safe rather than sorry. Therefore endorsing travel insurance is not a bad idea. Spending a few extra bucks on insurance is not a waste as you never know what life has in store for you.