Do you make instant vacation plans or take time to plan your holiday? If you like evaluating your finances and plan budgeted trips worldwide, it is essential to have a security blanket in the form of overseas travel insurance.
Although planned travels are mostly well thought, there can be unexpected situations requiring financial assistance sometimes. Especially when you travel abroad, the situation can be quite challenging to handle. Hence, it is always better to have overseas travel insurance that will provide much-needed security.
Overseas travel insurance is accompanied by many benefits that will help you in a number of situations. Given below are some of these benefits:
- Coverage for Baggage
Imagine being in a foreign land and there is a delay in receiving your baggage at the airport. All your holiday outfits go for a toss. In such situations having overseas travel insurance is vital. Many insurance providers reimburse you in case of delay or misdirection of your checked-in baggage by the airline.
In case your checked baggage gets lost because of misdirection by the common carrier, the insurer compensates you for the loss. You are advised to read the overseas travel insurance policy terms carefully before buying it.
1. Coverage for Missed Departure
Even if your entire trip is planned on a small budget, there might not be much of a difference in the cost of the tickets. So, if there is a missed departure or a missed connection while returning from the holiday spot, overseas travel insurance will cover your expenses.
Such a situation can take place due to bad weather, a strike of employees, or equipment failure. Hence, it will be better to prepare for such unseen situations beforehand. Similarly, if there is a delay due to any of the above reasons for more than 12 hours, coverage for additional expenses will also be provided under the travel insurance plan.
2. Coverage for Trip Cancellation
Some overseas travel insurance companies provide coverage for the loss of deposit up to a certain amount stated in the policy resulting from trip cancellation. The cancellation can be on the grounds of sickness, injury, or sudden demise. It will be under effect if it happens to you or your traveling companion or an immediate family member prior to the contracted departure date.
Likewise, you will get coverage if there is any loss of travel plans or interruption, and the amount has been paid in advance to the insurer.
3. Coverage for Medical Expenses
You cannot rule out the possibility of health issues when you travel. Late-night flights, changing time zones, air conditioning, and other such reasons can increase your chances of falling ill when traveling abroad. Also, there is a chance of getting injured. Hence, it is essential that you have overseas travel insurance in place.
Some insurers reimburse the medical expenses subject to the deductibles and up to a maximum amount. In case you require emergency medical evacuation, the insurance company will cover the expenses of moving to another location for better treatment. Otherwise, if you need to return to India, the assistance company will arrange for the evacuation.
Travel Worry-free with Overseas Travel Insurance
While these are a few benefits of having overseas travel insurance, you can research online for more details. With a small budget but a big plan to travel the world, it will be wise to have a backup. You can buy international travel insurance online after comparing numerous plans. You can opt for plans from reputable insurers like Tata AIG that offers comprehensive overseas travel insurance. If you want to understand their plans better, you can visit their website and read the policy in detail. With 24 x 7 assistance, their professionals make sure to clear all your doubts.
