Thanks to the increased travel insurance awareness; more number of holidaymakers are going overseas nowadays. It suggests that more number of people are likely to face problems that can be accidental, criminal or medical in nature. The expenses incurred can be ridiculously high for the people who don’t have a travel insurance policy. Buying travel insurance coverage prepares you to face travel problems without worrying about the expenses. If you want to buy a good travel insurance plan, you can check out the plans offered by Reliance travel insurance.
Here is everything you need to know about travel insurance in 6 steps.
1. The Need to Buy Travel Insurance
It totally depends on your risk appetite. A travel insurance policy provides coverage for a broad range of potential threats including no traveling at all.
When you book a holiday package, you have to pay money in advance. If you’re not able to make it, you could lose some/all of your money. Most of the travel insurance plans provide the coverage for trip cancellation, missed departure, delayed/canceled trip etc.
2. Way to Find Best Travel Insurance Plans
There are a few countries that demand its overseas visitors to have travel insurance. If you don’t have a travel insurance plan, you can’t even enter there. If you want to buy a good travel insurance plan, all you got to do compare. Compare various travel insurance plan and select the best ones that fulfill your insurance expectations.
3. Single Trip Vs. Annual Plan
The type of insurance plan that you buy depends on the frequency of your traveling. If you take multiple trips in a year, then the annual plan is apt for you. On the other hand, if you don’t travel more than once in a year, buying a single trip insurance plan will be good for you.
4. Truths and Lies About the Illness
In the case of a hospitalization claim, you can’t lie or conceal the facts. Even if you do, you will be caught because no medical report is going substantiate your lies. When it comes to the pre-existing illness, your insurance provider expects honesty from you. If you don’t tell the truth, your insurance claim can be rejected.
5. Driving Under the Influence of Alcohol
If you are driving under the influence of alcohol and you met with an accident then your claim is likely to be rejected. Most of the insurance providers don’t provide insurance coverage for any claim arising due to any accident due to driving under the influence of intoxicants. You must be wondering what the definition of being drunk is. Your insurance provider will investigate the circumstances revolving around your claim. Having a beer might not be considered, but getting into a fight with the cops for the alcohol test will definitely be considered.
6. Insurance Coverage and the Adventurous Activities
When you participate in the adventurous activities, you are exposed to higher risk. In that case, you need to pay an extra-insurance premium to get the adequate insurance coverage.