Travel is a way of life here at Great Beer Now, even if there has been far less of it so far in 2020. We try to take precautions when we travel and travel insurance may seem like an annoying and unnecessary item on our pre-travel to-do list. Why do you even need to protect yourself against a holiday disaster which may never occur? On the contrary, expensive disasters such as medical emergencies, cancellation or lost possessions can happen anytime – whether you’re traveling the world for one year or visiting Europe for a weekend. That’s why you need a travel insurance policy before departing for your trip.
Although travel insurance can’t prevent misfortunes from happening during your trip, it offers monetary compensation, which can console you in unfortunate situations. The next time you’re packing for a trip and thinking about the enchanting landscapes, delectable cuisines, and unchartered territories you’re going to explore, remember to also think about travel insurance.
Here are nine benefits of purchasing travel insurance before taking your trip:
1. Financial Recovery for Medical Expenses Caused by Accidents or Illnesses:
Accidents or injuries can inconvenience you at the best of times. The situation could be worse if you need emergency medical attention abroad, and you’re not able to communicate with your doctor. That means you will have to pay for your treatment, which may be very costly. However, if you have travel insurance, you can be reimbursed for the amount of money you spend on medication, which can be thousands of dollars.
On top of that, it can cover the cost of transporting you to a hospital if there’s no facility locally that can cover your medical emergency expenses. Although this coverage may look appealing, some travel insurance companies have limitations. You must get a licensed physician to order and certify that your condition needs an emergency evacuation. Therefore, you want to look at your company’s travel insurance policy limitations before applying for a cover.
2. Protection Against Trip Cancellation and Interruption:
According to statistics by OAG, 9,000 flights are canceled every week. That means as you plan your trip with much enthusiasm, it may end up abruptly because of unexpected emergencies. That may happen before or during your trip. Unforeseen circumstances such as a parent’s surgery, your child’s sickness, or an emergency at work may threaten to snatch your long-planned vacation from you.
If you have a travel insurance policy, your company will compensate you for the paid trip costs in the event you’re unable to travel. That enables you to reschedule your vacation instead of letting it go, especially if you’ve already booked accommodation in advance. Furthermore, if you had already traveled to your vacation country, the policy may cover your return flight home.
3. Accidental Death and Dismemberment:
In case you die or lose a limb during an accident while you’re in another country, a travel insurance cover will compensate you a defined amount of money, or give it to the beneficiary you named in the policy. That is pleasant because if you also have policies with other trusted final expense life insurance companies, your loved ones will live their lives well even after you’re gone. Additionally, though not very pleasing, this cover will offset the costs of transporting your remains back to your country.
4. Personal Liability:
Let’s assume you are in Bia Hoi Junction in Hanoi, Vietnam, and you’re partying, dancing, and drinking as much beer as you can. As you head to your accommodation, you accidentally bump into somebody in your rented car and injure him. That incident may make you pay thousands of dollars for his treatment in the hospital. The situation may worsen if the victim sues you because you may get into more financial trouble.
Your travel insurance cover may be your savior in such a circumstance because it will cover the hospital bills and legal expenses of your victim. It will also help offset damages or losses that you may have caused to other people’s property. However, before claiming a personal liability reimbursement, ensure you include it in your travel insurance plan. That is because not all insurance providers offer this cover.
5. Reimbursement for Lost Luggage:
One of the most common and annoying holiday disasters involves personal possessions. You may lose your passports and damage your gadgets. However, if you have travel insurance, your distress may give in to excitement because you know everything is going to be fine when you are compensated. Through an insurance cover, you’ll get funded to buy clothes, shoes, and other necessary items that you’ll need for your vacation. That means you can enjoy day one of your holiday, even without your belongings.
If you want to be compensated for gadgets such as cameras, laptops, and passports, you’ll need to ensure that you select them as standard on your chosen policy. If you don’t do that, you may not receive compensation. A travel insurance cover may also not include misplaced carry-on items like your mobile phone. Therefore, you need to ensure the policy is enough to cover all the things you are taking abroad with you.
6. Coverage Against Unexpected Events:
Some destinations are so beautiful but also quite dangerous. Examples of such places include Turkey, Egypt, and Israel. Despite your worry, you may long to visit those places. So, if you’ve planned for an excursion to Egypt for years, but weeks before you travel, a terrorist attack occurs, you may lose your non-refundable fees. That’s why you need to buy a terrorism travel insurance cover. With this, you can cancel your trip in the event of an attack and receive compensation. Also, your insurer can pay for your flight back home.
7. Coverage for Your Family Members:
Travel insurance companies can sell you insurance for all your family members if you plan to travel. Whether it’s your spouse, dependent parents or dependent children, all of them can enjoy coverage under the policy. The advantage of this policy is that despite covering each member, it’s affordable. Its premiums are very low and easy to pay. Besides that, if one of your family members is disabled, injured, or dies unexpectedly, it will cover the hospital and transportation costs. That can make you enjoy your trip together with your family without worries about what may occur.
8. Legal Advice and Expenses:
Travel insurance can help to cover your legal expenses that are related to personal accidents while on vacation. Most insurance companies can also assist you in dealing with unexpected emergencies that may arise during your holiday. Additionally, they can assist you if you’re traveling to a country that speaks a language you don’t understand. It will also help you pursue a legal claim concerning your trip. However, not all travel insurance companies offer this package. You, therefore, want to read the policy document to understand what the company offers.
9. Vehicle Rental Protection:
Renting a car in the country you’re visiting is an excellent way of ensuring you travel to most places in that country. If, while driving that car, you get into an accident and find yourself stranded beside the road, a travel insurance policy can come to your rescue. To have this cover, you need to clearly state that you would like it to cover your rental car while buying your travel policy. But if you’ve already done that, your insurer will cover the damage costs for the rented vehicle without interfering with your auto insurance premium.
Bottom-line
Though only about 38 percent of Americans are willing to buy a travel insurance cover, it’s best if you would have it. That is because of the uncertainties that you may experience while traveling. Such risks include accidents or illnesses, terrorist attacks, trip cancellation, and interruption, and lost luggage. No one would wish to meet with disasters during a vacation because it can ruin your trip. Also, most of them are unpreventable. So, if you want to smile and triumph over all those unforeseen circumstances, buy a travel insurance cover.
[…] Uncategorized 9 Amazing Benefits of Travel Insurance […]