Categorized | Travel Insurance

customizing travel insurance

If you love traveling and are scared of the expenses that you would have to pay in case of an emergency cancellation, medical requirements and other losses, buy travel insurance. A travel Policy allows you to make Travel Insurance claims within your own country or abroad, for several eventualities which may be out of your control.
 
You can buy travel insurance when you book the tickets of a trip to cover the duration of the trip or you can take a ‘multi-trip’ travel policy which will take care of travel insurance claims on unlimited number of trips in a given period of time. The kind of Coverage you opt for can differ from one travel policy to another and you could buy travel insurance with added services to cover higher Risk activities like ‘winter sports’.

There is option to buy travel insurance which can be extended in case you decide to keep the travel policy longer than intended. You can extend the policy as many times as you want. However, the time duration should not exceed 12months. An option of selecting specific people who can travel with you for an extended duration is also provided so as not to incur unnecessary costs on your travel policy.

The common types of travel insurance claims covered in a travel policy are:

•Medical costs
•Sending a minor child back
•Cancellation of your trip
•Emergency evacuation/Medical  Evacuation
•Injury or death by an accident
•Funeral expenses on the trip
•Curtailment
•Delay in departure time or missing connecting flight
•Legal backing
•Delays due to weather conditions
•Stolen or lost baggage
•Effects on personal and private documents
•Delayed baggage (immediate replacement of bags and essential goods)

All these are part of your travel insurance claims. You need to do a quick research about the various insurance companies covering your travel needs and buy travel insurance that fits your requirements. Apart from the travel insurance claims mentioned above, there are some travel policies that provide additional coverage for extra costs. These would vary from company to company. You also have the option of purchasing separate travel policies for specific costs including:

1.Pre-existing conditions (for example: asthma, diabetes).
2.Additional Accidental Death and Dismemberment (AD&D) coverage.
3.Sports which could impose a risk (for example: skiing, sky diving).
4.Kidnap and ransom insurance.
5.Traveling to high risk countries where there could be wars, terrorism or occurrence of a natural calamity.
6.Coverage for collision of a rented car.

Insurers normally also take care of expenses related to pregnancy if travel is carried out in the first trimester. Travel insurance may also offer helpful services, mostly for 24hours in a day and 7 days of the week which also include concierge services and emergency travel assistance.
 
Just like any other insurance policy, there are a large number of companies offering variety of travel insurance claims for your benefit. Search for the most appropriate plan and select it just as you select your tickets and hotels. Traveling without a travel insurance policy may not be a good idea because you never know what happens when you are away from your own country. And also, you don’t have to incur any losses on ticket amount on trip cancellation if you have insurance on your travel plans. Remember to note your travel insurance policy number somewhere safe with you. Keep it handy with all the necessary details so that you can avail the travel insurance services and the coverage at the earliest.