Travel has become an integral part of human life. Be it traveling for work, education or you are going for a vacation somewhere. But how many of us do not check the box for travel insurance while booking our tickets. Most people don’t think this is necessary. However, the Covid-19 pandemic has changed this thinking. People are beginning to understand the importance of travel insurance to protect money. The tourism industry was hit by the Covid-19 pandemic, but now the tourism industry is slowly opening up after vaccination. One should opt for an insurance policy while traveling to reduce the risks associated with it. It helps you deal with unforeseen emergencies and the policyholder gets financial compensation in case anything goes wrong with the trip. By having travel insurance, you can avoid such uncertainties and changes in travel plans, flight delays, loss of baggage, theft, illness, Stay safe from financial losses due to accidents etc. Let us know what are its benefits…
Trip Cancellation Cover: There are times when we have to cancel our tour. Sebi registered investment advisor Jitendra Solanki says, having travel insurance can at least avoid the loss of your money. For all cancellations made 24 hours prior to travel, your insurer will refund all your charges as stated in your policy.
Flight Delay: Solanki says you want to go to a business meeting on time and the airline announces a delay. In times like these, your insurance can help ensure that you are compensated promptly.
Missed flight : Your first flight is getting delayed? Then there is the fear of missing your connecting flight too! In such a situation, if you have travel insurance, then at least it will be possible to reimburse the cost of the missed flight.
Medical cover: The last thing you want on a trip is a medical emergency, says Jitendra Solanki. Travel insurance will cover the expenses of treatment, room rent, medical charges.
Non-Medical Loss: Sometimes you may face non-medical emergencies, such as travel delay or loss of your passport, laptop, international driving license, or checked-in baggage. Travel insurance plans give you the financial support you need to cover many such emergencies.
Travel insurance is your best friend when traveling. If you’ve been spending a lot on your travels, why not spend a little more to protect your finances in case anything goes wrong. Make sure you choose a cover that takes care of your needs based on the nature of the trip.
