Tuesday 12 December 2017

Benefits of Having a Travel Insurance Policy

Travelling is an activity loved by all. But it is also loaded with potential risks and hazards that may have a detrimental impact on our livelihood.
These include – 
a. Physical and internal injury
b. Loss/damage of personal belongings
c. Grounded at a unreachable location
d. Inconveniences caused due to third party action

Whether journeying abroad or going on a domestic trip, a travel insurance policy ensures that all costs incurred due to unforeseen mishaps and accidents are mitigated.

Why you should opt for as travel insurance policy? 

From being an infrequent journeyman to being a seasoned traveler, travel insurance is absolutely vital to avoid extra expenditure. Here are some of the many benefits of opting for a travel insurance policy –
1. Coverage of additional health expenses 
When travelling, a person might incur physical body damage due to unforeseen circumstances and may require hospital care. He or she may also fall victim to certain diseases, and be bed-ridden during the travel. Travel insurance covers all the costs and expenses incurred due to these.

2. Re-compensation for loss/damage of personal belongings
During travelling, personal items might get stolen or lost. In certain cases, the traveler’s baggage may also be lost during the airport baggage check-in process. Travel insurance recompenses all the loss by providing the cost incurred by the traveler.

3. Receiving insurance benefits due to personal damage by third party
The cost of damage to health and/or property incurred by the traveler during his or her travels due to the involvement of a third-party entity is covered by travel insurance, in accordance with the terms and conditions of the travel insurance policy.

4. Repatriation cost benefits
Travel insurance covers the cost incurred by a person, in cases where he or she is unable to return from the travels due to legal reasons. For instance, the traveler may have lost his passport and plane ticket, due to which he is unable to return. In such a scenario, the travel insurance covers any extra expenditure incurred by the policy-holder.

Opting for travel insurance
Prospective policy buyers can now buy a travel insurance policy online at their ease and convenience. The pricing quotations and details of the travel insurance related to the coverage extent, duration, etc. are listed alongside the policy, making it a simpler way of buying travel insurance. 

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