Travel insurance 101- What you need to know

November 16 2016

You cannot plan for an international trip overnight. Whether it is a travel plan or a study programme, it has taken a lot of your efforts to be able to afford this trip. And all of your planning comes down to one question what if you end up losing your money to uncertain events?

Travel insurance 101- What you need to know

It is vital that you have a valid international travel insurance cover for your trip. The cover will act as a protection shield against all uncertainties coming your way of enjoying the trip. Read on to know everything about a travel insurance plan.

Compensation for medical expenses abroad is one of the most important coverage areas of a travel insurance plan. Most policies also allow you to claim compensation for a cancelled trip in case of emergency situations. Moreover, a basic travel plan will cover the following:

Protection against loss of personal belongings and other important documents.
Compensation in case of flight cancellations and flight delays.
24/ 7 on call assistance easing the claim settlement procedure

How to find a good policy?

The coverage varies from provider to provider. Before you buy a policy, visit those websites that allow you to compare different insurance policies. These websites allow you compare varied factors such as price, tenure, coverage amount etc. it allows you to make a better-informed decision.

Do not fall for any policy that your travel agent insist on. There is a possibility that he might sell you unnecessary coverage for the purpose of his own commission. Ensure that you conduct thorough Research online.

The cost of your policy: There are various factors that determine the cost of your policy. Like any other insurance plan, a travel policy will also be priced on the risk factor. Some of the common price determining factors include tenure of the trip, purpose of the trip, your age, pre-existing health conditions etc.