Choose The Correct Travel Insurance Policy And Avoid Hefty Bills Abroad

By Author: Pranav V Sharma
Total Articles: 141
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Travel insurance is insurance that safeguards your expenses due to problems such as medical emergencies, loss of baggage, trip delay etc. which can occur during your travel. Now days the awareness among the travelers regarding the importance of travel insurance has increased. The frequency of travel accidents and difficulties in news has increased in the past few years. Every traveler now owns travel insurance in order to safeguard himself in case any mishap or unexpected conditions arise. After all no one wants to risk or upset their much needed and most- waited holiday.

It is not only necessary to buy a travel insurance policy before embarking on a foreign trip but also choosing the correct travel insurance policy is equally important. Below are few points that should be considered before choosing the travel insurance policy.

• Check whether your travel insurance policy covers all the actions that you have planned to perform on your trip: not all policies cover all activities. Thus it is important to make a list of the activities like scuba diving, bungee jumping, skiing etc. that you are planning to undertake ...
... during your journey and then see if all those activities are covered in your policy. If not then definitely that policy does not suit you and you should look for other options.

• Your travel insurance should include enough medical, liability coverage as well as legal costs- if you get stuck up during your journey and need to immediately return back to home country or due to some reasons need to get hospitalized or in case you need an emergency evacuation then the costs of all these should be included in your policy cover. If it is not included then you might have to spend a fortune from your pockets as medical and other expenses are expensive in foreign countries.

• Shop around- shop around well for the available options of companies and the policies. There are so many options available in the insurance market. It also includes frauds. So it is advised to shop around well and select the travel insurance companies and insurance policies carefully.
• Research and compare- research the available options of policies and select the ones that suit you. Compare the shortlisted policies for premium and the coverage etc. this will help you to choose wisely among the policies that you have shortlisted.

• Make a note of emergency numbers and amounts- often when one buys a travel insurance policy, he / she is provided with the emergency numbers on which one can be in touch with the insurance company for guidance. Also procedures to obtain emergency amount from anywhere in the world is explained. Also the help line number is the one on which you can contact in times of emergencies and it is available 24*7.

• Know and understand your contract- before signing the contract of the travel insurance policy one must be sure that he knows all the terms and conditions as well as satisfactorily understands the limitations, covers and benefits provided by the policy.

Author Profile:

Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right travel insurance policy online & often shares his insights about the general insurance industry on internet.