Reasons Why You Need To Have Travel Insurance While on Vacation

Financial Security

Buying the best travel insurance is crucial for ensuring your financial safety in a foreign nation. Travel insurance can help cover your financial losses during unforeseen emergencies like hospitalisation, theft, loss of belongings and more.

Loss of Passport

This is the worst situation you can imagine while travelling. But if you have travel insurance, you have help at hand. In case of a lost passport, your insurance will reimburse the cost of acquiring a duplicate or a new one.

Lost or Delayed Luggage

If your belongings are missing, you will be compensated for your loss up to an approved sum. If your baggage is delayed, you will be reimbursed for any personal effects you might have to buy in the meantime. This can be a huge help as you wait for your baggage to arrive.

Accident and Sickness Cover

No one wants to fall ill while on vacation. However, medical complications or serious bodily injuries could arise at any time. In such a situation, the importance of travel insurance is proven. It ensures that you get the necessary medical attention in case of an emergency, be it to take you to a hospital or have a close family member flown to you if you are a student.

With travel insurance, you may also receive cashless hospitalisation. Our Travel Insurance also covers you during a COVID-19 pandemic.

** Delayed and Missed Flights**

Missed your flight due to bad weather or a delayed schedule? Do not worry. A travel insurance policy provides for additional expenses for overnight hotel stays, cab bookings, or other flight bookings. This way, you can enjoy your vacation as planned without any financial loss.

Emergency Medical Evacuation

If a medical condition requires you to be transported from the scene of incidence to the nearest hospital, you don’t have to worry about the expenses. If you are already admitted in a hospital and need to be taken back to your country for further medical help or to be with your loved ones, your travel insurance will take care of that too.

Fraudulent Charges

Imagine losing your credit/debit card while you are on a vacation and you start getting texts that someone is using it. Scary, right? Not only are you losing your money, but you are losing money in a place where you might not even find help easily.

But with travel insurance, that would not be a problem. Your policy will refund you for the money lost through stolen payment cards for up to 12 hours prior to your first reporting of the incident.

Trip Curtailment and Cancellation

Cancelling a trip at the last moment can be a mood spoiler for any traveller and the loss of money on bookings rubs like salt. However, if the best travel insurance protects you, then you do not have to worry about losses. The insurer will compensate you for financial losses arising from the cancellation of hotel bookings, flights and other travel expenses.

Also Read: How Does Trip Cancellation Insurance Work?

Theft At Home

Leaving home on a trip should not be scary. However, the danger of theft always looms, which is why international travel insurance includes protection from burglary or attempted burglary.

The travel insurance plan covers the repair expenses of any damage to a home due to theft as long as the house is not left unattended for more than 90 days.

Personal Liability Cover

Unforeseen incidents, such as accidents and accidental damage, can happen at any time, even during your trip. If you are involved in an accident that causes damage or injury to another person, travel insurance will cover you. Online travel insurance provides you with third-party individual and property coverage during your international trip.

Accidental Death and Repatriation

Another reason to buy travel insurance is to protect your loved ones, too. If the policyholder dies due to unfortunate events in a foreign country, then their nominee will get the sum insured value of insurance.

Moreover, the insurance provider also takes care of the repatriating cost of bringing the deceased's remains back to India.

Hijack Cover

Nobody wants to think the worst, but sometimes bad things happen. When you buy travel insurance online, you also get promised that it will provide the best protection. In the event of a hijacking, the insurance provides you with a distress allowance. It might not heal the trauma completely, but it can give you some help.

Also Read: How To Find the Best Travel Insurance Plan?

The overall purpose of international travel insurance is to provide you with financial coverage against unforeseen troubles. The best travel insurance plan offers benefits such as lost or delayed baggage coverage, trip cancellation coverage, accident or sickness expense coverage, and more.

With TATA AIG travel insurance, you get the best coverage. When you buy travel insurance online with us, you get coverage for COVID-19, insurance in dollars, lost passport coverage, assistance in getting a duplicate passport, hijack cover, and personal liability coverage.

Our International travel insurance starts at an affordable price of 24 per day and is an instant purchase without any paperwork or health check-ups.

Also Read: Types of Travel Insurance

Is it mandatory to have travel insurance?

While some countries require travel insurance as a mandatory document, others highly recommend having it. It is wise to have a suitable travel insurance plan for your financial safety.

What are the objectives of travel insurance?

The objective of travel insurance is to protect you from financial and legal trouble during your entire trip. These troubles can include luggage loss, accidental and sickness expenses, lost passport, trip cancellation and more.

Do I need travel insurance for India?

Yes, you should have travel insurance even while traveling domestically. It protects you against unforeseen events that might occur within the country's limits.

Does it matter when you get travel insurance?

Yes, the timing of buying travel insurance affects your premium price. If you buy insurance just before your trip, then you have to pay a higher premium than usual. Thus, it is advised to buy travel insurance well in advance, long before your trip.