Travel Insurance is one of the most important requirements before a trip is planned. Travel Insurance provides coverage against various risks related to travel and, more importantly, provides coverage against medical treatment that may arise due to unexpected complications during travel. Having a Travel Insurance is incredibly beneficial for a traveller.
Here are four benefits of Travel Insurance for travellers.
Travel insurance covers you for the loss, delay, or theft of your baggage and passport. If your baggage is lost or stolen, the policy reimburses you for the value of the lost items, including clothes, electronics, and personal belongings. In case of delayed baggage, the insurance compensates for essential items you need to buy until your luggage is returned. If your passport is lost or stolen, coverage helps with the cost of obtaining a replacement and any related expenses.
Travel insurance provides coverage for changes to your trip itinerary, helping you manage unexpected alterations. If you need to cancel or cut short your trip due to covered reasons like illness, injury, or unforeseen emergencies, the policy compensates for non-refundable expenses, such as flight tickets and accommodation costs. Additionally, if you need to reschedule your trip, the insurance can cover the costs associated with changing your flight or hotel bookings.
Travel insurance medical coverage provides essential protection for unexpected health issues abroad. If you face a medical emergency, such as an accident or illness, your travel insurance can cover expenses like hospitalisation, doctor's fees, and prescribed medications. It also includes emergency medical evacuation if you're in a location where adequate treatment isn't available.
Additionally, if you need a compassionate visit—where a close family member is allowed to travel to be with you during a severe illness or accident—your travel medical insurance may cover associated costs. Dental treatment, which can be particularly expensive abroad, is also included in many plans, covering unexpected dental emergencies.
Personal liability is coverage against damage caused by the insured to a third person. During travel, especially international travel, if by any chance you cause any damage to a third person who has to be compensated, this part of Travel Insurance will provide compensation. Third-party liability can be for damage to property or a person. This personal liability coverage might differ from product to product.
Trip planning is incomplete without the inclusion of travel insurance. It offers various perks that protect you from unexpected issues and financial losses. From medical coverage and trip cancellations to baggage protection and personal liability, travel insurance ensures you’re well-prepared for various scenarios.
Looking for a Travel Insurance from HDFC Bank? Click here to apply now.
Read more on the importance of Travel Insurance here.