Not everyone who travels prefers buying travel insurance, which isn’t a safe practice to follow. Travel Insurance policy is really important. Understand, when you travel anything can go wrong. Any unexpected medical emergency can happen, the trip can get cancelled, your personal belonging might get lost or stolen, etc. There are times when things go wrong and you don’t have any other option left with you. That’s when a travel insurance policy comes to the rescue. Now, not every policy a company offers is good. Hence, it is very important that you go through the documents and offers very carefully before deciding to buy it.
Here are 9 important things to consider before buying a travel insurance policy:
- What suits your need:
You have to pick a policy that suits your needs. For example, if you are going for an adventure trip and you take up an adventure sport such as skydiving etc., then you’d require a policy that helps you cover accidents etc.
- The type:
There are different types of travel insurance policies. This means, if you are a student, then you must get student travel insurance and not the regular one.
- Payout process:
Pick a policy that has instant and easy payouts. You can also go for cashless policies available these days.
- Amount of premium:
You definitely don’t want to purchase a policy that will not be able to cover the expenses. Think twice about the amount of premium before buying it.
- What is covered:
Many policies don’t cover issues related to alcohol or drugs. Also, check if they cover travelling to high-risk countries, pre-existing medical conditions or adventure sports with high risk.
- Exclusions:
Don’t ignore the exclusions list. The documents are pretty confusing and therefore it is important that you go through each and every section properly.
- Acts of God:
You might be wondering if this is real. Well, yes! It is for real. Some insurance companies don’t cover natural disasters and it comes under acts of God. And I am sure, you might have difficulty in finding a real Krishna to help you like Paresh Rawal received in OMG. Just saying!
- Domestic or international:
This is also very important. If you are travelling abroad, make sure you get an international travel insurance plan.
- Annual policy or single trip:
The last but the most important thing to consider is the term for the policy. If you are a frequent traveler, you might want to get an annual policy than getting a single trip policy every now and then!
I hope these tips will help you purchase the right travel insurance plan. Also, there are some airlines and railway ticketing platforms (including IRCTC) that provide you with an option to have a single trip travel insurance at the time of booking your ticket. Do let me know if you have something to say about this via the comments section below!
