Is Travel Insurance Really That Essential?

Travelers who empower themselves with a good travel insurance, tend to minimize the risk that appear due to illnesses, accidents, cancellations and other unforeseen circumstances.

The amount of loss that a traveler bears in the absence of a travel insurance depends on the amount he has already paid, the status of the ticket he is holding, the actual value of the luggage he is carrying and his general state of health. The terms of the airline and the medical insurance that the traveler is already holding will also determine his loss figure in case of a medical emergency while travelling. Whether travel insurance is a good thing or not, needs to be decided by the traveler himself.

Let’s read about travel insurance in a little detail –

1.    The Basics of Insurance

The travel insurance can be divided into five main categories –

• Interruption and cancellations
• Medical emergencies
• Evacuation request
• Insurance on flight and of baggage
• Flight insurance

Additionally, a client can choose to add riders like protection against theft and evacuation in the case of a political crisis too. A comprehensive cover will cover most of these factors and will take care of everything.

2.    Travel Insurance

In the past decade it has been seen that companies offering long distance medical transport services, are encouraging patients to opt for a cover specifically for travel, besides their regular insurance. Most of these insurances cover cost between 12 to 5 percent of the total cost of the trip. Age is the foremost factor when deicing the cover price. Coverage for children who are seventeen or under is usually free, but most expensive for the elderly.

3.    Cancellation Or Interruption Insurance

It is strongly advised by all travel medical assistance companies to read the offer document word by word before signing on the dotted line. This is the most bought insurance as it protects the money paid for the trip, in case of any cancellation. It is a good idea to take this cover in case your loved ones are not in the best of health and might not be able to travel at the last minute.