Categorized | Travel Insurance

why students need to take travel insurance?

A student who is studying away from home may travel from college to home at the end of each semester. Does it make sense to go in for student Travel Insurance for eight to ten trips stretching over four to five years? It is a misconception that travel insurance covers unexpected Risk of travel alone. The best travel plan is one that covers not just travel risks but other risks connected with the trip as a whole. 

Here are five important reasons why a student must go in for a student travel insurance policy:

Education Is an Investment 
A student who misses a semester or a year due to health problems will suffer incalculable damage for the rest of his or her life. The student may become ineligible for scholarships and grants simply because there was a gap in studies. Obtaining compensation for this loss is not possible. 

However, one should try to minimize the financial impact of losses to the maximum extent possible. This is where a student travel insurance plan can make a huge difference. The Policy will step in and reimburse the tuition fees paid to the institution. This will ensure the financial loss resulting from the debilitating illness is minimized. 

The gap may also occur when parents fall ill and force the student to return home to take care of the domestic setup until things become normal again.. This is why a dedicated insurance policy for the student is essential.

Youth- A Foolhardy, Impulsive and Reckless Age
Every individual, after becoming an adult, looks back at his or her exploits in student life and asks “What was I thinking?” From driving without a license to getting into brawls over trivial issues, from performing stunts on bikes to impress girlfriends to disobeying authority for fun- the life of a young student is often punctuated by poor Judgment and imprudent decisions. This is just a phase of life and no amount of counseling or advice will minimize this risk. 

A student travel insurance plan will ensure these impulsive acts do not lead to long Term financial issues. The best travel plan is one that covers cost of medical treatment arising out of accidents as well as the cost of settling personal liability owed to others. Of course, this insurance policy cannot be used as a license to behave in a reckless manner. Rather, this policy will ensure a mistake committed without thinking does not lead to long term complications. 


The Student Will Still Need Mommy When Things Go Wrong
The seemingly independent and headstrong youngster will become desperately homesick when ill. Parents will have no option but to travel abroad to take care of the policy holder when he or she is facing a major health problem. It makes sense to go in for a travel insurance policy that provides for this expense as well. This option will ensure you can visit your child in an emergency without bothering about the financial implications of your travel.

Bail Bond in Event of Detention
In the event of wrongful detention or false arrest, the travel insurance plans will ensure the student can post bail and get back to studies without any delays. 

Loss of Baggage
Books can be very expensive and loss of baggage can lead to not just financial but educational complications as far as students are concerned. You can tackle this problem by going in for travel insurance that helps you purchase the lost books without any delay.

The best travel plan is one that helps the student tackle problems by ensuring money does not become an issue.