Stay insured wherever you go
Worried about your travel expenses increasing because of the travel insurance you have to take? But still do not want to leave home without one? Lots of people who travel face this problem.
So what is travel insurance? It is the insurance that is to be used to cover medical and financial expenses and any other losses you may incur while traveling, either within your own country, or internationally.
You have the option of opting for a temporary travel insurance plan that can usually be arranged at the time you book tickets for your trip. So that you know the exact duration of that trip and accordingly purchase an insurance plan for that time period. Or you may want a more extensive, continuous insurance plan can be purchased from travel insurance companies or even your travel agents. Typically, the cost of a travel insurance policy would be between 5 to 7 % of the total cost of your trip.
Travel insurance isn’t just for the frequent business travelers. You are eligible to opt for travel insurance whether you are a student, a business man, or whether you are simply on leisure/ adventure or even international travel.
You would adopt health insurance coverage when you are on home ground. It would be prudent for you to continue to be insured even when you travel to help you remain protected against risks and losses.
Speaking of risks and losses that you may face during your travelling period, here is a list of the most common risks that are covered by a travel insurance policy:
Though the above risks are the most common ones that you are assured for in your travel insurance policy, some travel policies may provide you more (or less) coverage depending on the scope and cost of the plan. For this, it is essential that you conduct a wide survey of various providers of travel insurance; to find a plan that closest suits your requirements.
Incase you are travelling with a group; you usually would find good deals on group travel insurance policies. Ensuring that everyone in your group is fully covered by international travel insurance will help you have fun without worrying about anybody getting ill or hurt while on the trip. Face it, the less worries you have the more attention you’ll pay to having fun and making your trip memorable!
You also may be able to purchase separate travel insurance policies if you have a pre-existing medical condition like asthma or diabetes; if you are to perform any sports with an element of risk like skiing or scuba-diving; or even if your travel plan includes travelling to a high risk country. If you are a mother-to-be, insurers may provide a travel plan to cover pregnancy related expenses, if your travelling occurs within the first trimester. After that time period, the insurance coverage would vary from one insurer to another.
So do remember to look for a travel insurance plan when you begin planning for a trip. It always helps to remain assured where ever you go be it USA, Canada, Europe or UAE
