Why Do You Need A Good Travel Insurance

Whether it’s your trip, your possessions, your luggage, or your health, travel insurance — and most important, the right kind of travel insurance — has become an essential item to pack for smart travellers. And if you don’t buy travel insurance — or the right kind — more than your trip could be ruined.

Statistics show that the top three reasons for increasing trend in travel insurance purchases are: peace of mind, protection against the unexpected and concern over losing the financial investment in a trip.

While a majority of those who don’t buy travel insurance are familiar with flight and trip cancellation insurance, many people are unaware of travel health insurance, baggage coverage and medical evacuation insurance. There’s yet another kind of insurance that’s available to air travellers that the airlines aren’t exactly rushing to tell you about. In fact, they actually wish you didn’t know about it. It’s called excess valuation.

These are just a few scenarios why you need travel insurance :
1. Your flight has been cancelled.
2. Your bags are lost and your medication is in it. You need to have an emergency prescription filled.
3. Your passport and wallet are stolen, and you need emergency cash and a replacement passport.
4. You’re involved in an accident and adequate medical treatment is not available. You need medical evacuation.
5. You need to cancel your trip due to illness.
6. Your cruise line, airline or tour operator goes bankrupt. You need your non-refundable expenses covered and to get to your destination.
7. You have a medical emergency in a foreign country.
8. A terrorist incident occurs in the city where you’re planning to visit and you want to cancel your trip.
9. A hurricane forces you to evacuate your resort, hotel or cruise.

 

10 brilliant tips for buying travel insurance
Most of us would choose to take the easy option and buy the travel insurance package offered by our tour operator, or from airline website a...
Why do you need trip cancellation cover in your travel insurance?
This type of travel insurance covers the non-refundable financial penalties or losses you incur when you cancel a prepaid tour or flight for...
Miscellaneous types of travel insurance
Upon buying your travel insurance, usually you will check out for the most common covers, such as medical cover, cancellation cover, injury ...
8 basic questions to ask before you choose your perfect travel insurance package
When booking your travel insurance, ask yourself: 1. Are you booking the recommended level of cover for your destination? 2. Are you c...
Travel Insurance on Terrorism
Read your travel insurance policy wording carefully. If a war breaks out, or there is a terrorist act occurring during your trip, are there ...
Group Travel Insurance: Does Everyone in the Group Need It?
Yes ... and no. It's not strictly necessary for everyone in your group to purchase a travel insurance policy, but you'll receive more compre...
Volcanic disruption: Are You Covered by Your Travel Insurance?
Volcanic ash disruption may pose confusion to travellers who have been affected. The common puzzle is what they can rightfully claim from th...
Covering the Grounds for Business Travel Insurance
Format Business travel insurance, or corporate insurance as it is sometimes known as, comes in different forms. Some providers will of...
Losing your baggage is not as bad as it sounds with a travel insurance
Cautionary tales on travelling gone wrong without insurance are widely available online. Whether it is forgetting the cover for cancellation...
Asia Pacific's most popular destinations
If you were looking for fun and excitement in Asia Pacific, where would you want to travel? With the right travel insurance package, you wil...
Travel insurance myths debunked
                  Most people who do not travel frequently usually have very little idea about the nooks and crannies of travel insurance. H...
Tackling The Argentinian Risks with Good Travel Insurance
As the eighth largest country in the world, Argentina is host to the highest and lowest point in South America. At 6960 m, Cerro Aconcagua i...

Sorry, comments are closed for this post.