Why Should I buy Travel Insurance ?
Following are some reasons for buying Travel Insurance
- You have to cut your trip short because of illness
- You have to cancel your nonrefundable trip because a family member had an accident
- Your flight is delayed overnight because of bad weather, and you need a hotel room
- Your baggage is lost or substantially delayed
- You miss your cruise departure because of weather-related flight delays
- You need medical assistance while abroad
- You have an auto accident in a foreign country and need legal assistance
- You have to cancel a trip because your home is flooded or uninhabitable
- You can’t get home because of a hurricane, floods or other natural disaster at your destination
What type of Travel insurance need?
You have to ask following questions to yourself :
- Will you need insurance for possible trip cancellation, interruption for trip
- Do you need insurance for trip cancellation, interruption and delay?
- Do you need medical insurance and medical evacuation coverage while traveling?
- Will you need a 24-hour assistance line to help find doctors, contact your family or other assistance in case of emergency?
- Do you travel often? If so you may want to consider an annual policy.
What should I look up in Policy before buying Travel insurance ?
- Are pre-existing medical conditions covered?
- If on a sports trip, are sports-related injuries covered?
- Are strikes, civil disturbances and terrorist acts covered?
- Are you covered if your travel supplier goes out of business?
- Especially if on a cruise or tour check whether the policy covers the entire trip, including airfare, hotel, shore excursions, sightseeing and pre-and post-touring.
- Medical Expenses with or without cashless facility (most travel insurance products offer cashless facility)
- Personal Accident
- Loss of Baggage
- Delay in Baggage arrival
- Loss of Passport
- Travel Delay
- Transportation of dead body etc.
From where should I buy Travel Insurance?
Travel insurance can be purchased from
- Travel agents,
- Travel suppliers (airlines, hotels, cruise lines, tour operators)
- A private insurance firm,
- Insurance brokers,
What the exclusions when I buy buy Travel Insurance ?
You must go through the exclusion clauses very thoroughly. Ask your insurer and/or agent or broker for clarifications wherever you have a doubt. In general, the following are not covered:
- Pre-existing diseases
- War Risks
- Suicide and Insanity
- Hazardous Sports
- Plan for your Travel Insurance ahead of time just as you plan for your visa and so on.
- Take care to fill in the proposal form completely and truthfully after getting the necessary medical tests done and obtaining the medical report as required
- Plan for the travel period ahead of time and ensure that your insurance covers the entire period
- If you have to extend the period of cover, plan for it before the cover expires and provide the required documents to the insurer.
- Make sure you have gone through the policy document completely and make a note of the contact details of the agency servicing the claims so that it is handy in the event of an emergency.
- If you are cutting short your travel period, check your policy to see if you are entitled for a refund.
- Don’t postpone taking your travel insurance till the last minute.
- Don’t get pushed into taking a cover only as recommended by your travel agent. Get as much information as possible and exercise your choice.
- Don’t get tempted to opt for the cheapest cover as it might not meet your needs.
What should I check in case i am buying travel Insurance policy in India ?
- Check if the company selling the policy is registered with IRDA
- Make sure you buy the policy through a genuine licensed agent or broker. Ask for an identity card or licence
- You can also buy policies from the company directly
- Read the policy brochure/ prospectus carefully and get to know what the policy covers and does not cover