Are you planning to go to an overseas destination soon for your vacation? Well, that’s great news! Travelling to a foreign country comes with its own kind of experience, where you can explore new cultures, places, cuisines, and much more. However, you must secure your trip before travelling to an international destination, as it offers financial assistance during an unprecedented event.
In this article, we will discuss the benefits of overseas travel insurance and how it protects your trip.
7 Reasons Why You Must Get an International Travel Insurance
There are multiple benefits of international travel insurance, especially when it comes to saving funds in case of an unforeseen situation. Here are a few reasons why you must purchase a travel insurance policy when travelling to a foreign country:
1. Protection Against Medical Emergency
If you meet with a medical emergency in a foreign land, it is quite scary as you get stuck in an unknown place and mark a heavy dent in your pocket. Hence, it is when an international travel insurance policy will come to your rescue. It will offer you financial assistance if you are ill and require funds for medical attention in a foreign land. In addition, it covers inpatient and outpatient care for illnesses and other medical issues.
2. Coverage for Missed or Delayed Flights
Another benefit of buying international travel insurance when you travel to a foreign destination is that it offers coverage for flight delays. When your flight is delayed or missed due to an unforeseen scenario, the insurance will provide financial coverage for the expenses you have to make for the delayed or missed flight. However, you must submit the receipts and bills of such expenditures to the insurance company when filing a claim to receive the reimbursement.
3. Protection for Loss or Delayed Checked-in Baggage
One of the scariest things when you travel to an international destination is the fear of losing your bags. It hampers your travel plan and impacts your travel funds. However, you will receive financial coverage for such a loss when you have an overseas travel insurance plan. The insurance company will reimburse the amount you have spent on buying essential items due to loss or delayed checked-in baggage.
4. Protection from Personal Accidents
When you plan to visit an international destination to spend your holidays, you may have the desire to participate in adventurous activities. As these activities add a thrilling experience and make your trip more memorable, you must ensure to stay protected during such events. Hence, you can opt for overseas travel insurance to stay financially protected in case anything happens while participating in such adventurous activities.
5. Coverage for Loss of Your Passport
There is nothing more terrifying than losing your passport during an international trip. It is quite common for travellers to lose their passport when travelling to any international destination for various purposes. However, when it happens, the concerned authorities may charge you hefty fees for issuing a fresh or duplicate passport. Hence, you can opt for international travel insurance to receive financial assistance during such a scenario.
6. Protection Against Loss of Travel Funds
Travel scams related to loss of travel funds are becoming common in many international tourist destinations. Hence, you must be cautious and take care of your money when travelling to any overseas destination to avoid such scams. However, if you have travel insurance for international destinations, the insurance company will offer you financial assistance according to the policy’s terms and conditions.
7. Coverage for Trip Cancellation/Rescheduling
We are all aware that international trips are quite expensive. It will cost you fortunes when you want to cancel or reschedule your international travel plan due to some unforeseen situation. Hence, you can buy an international travel insurance plan to receive financial coverage for trip cancellation or rescheduling, as it removes the financial burden from yourself.
How to Buy the Best International Travel Insurance Online?
Here are a few parameters you must consider when buying the best international travel insurance online:
1. Select the Suitable Sum Insured
When you want to buy travel insurance for an international destination, you must assess whether the sum insured is sufficient to cover the financial expenses during an unfortunate event. For instance, if you want coverage for adventure sports, ensure the insurance company offers sufficient financial coverage to handle the associated risks. It prevents you from paying anything from your pocket during such an emergency and enables you to receive comprehensive protection.
2. Choose the Plan According to the Travel Itinerary
When purchasing the best travel insurance according to your travel itinerary, consider the plan that aligns with your travel itinerary. You can compare various travel insurance plans and choose the one that ideally fits your requirements. For instance, long travel duration and engaging in sports activities make it ideal to opt for a policy with financial coverage for such requirements.
3. Consider the Deductible
One of the key factors to consider when selecting the best overseas travel insurance plan is the deductible, an amount you must pay before the insurance company offers the travel insurance coverage. Hence, you can choose an insurance company with zero or low deductible in its travel insurance plan. For instance, ACKO has zero deductible features, indicating you do not have to pay anything from your pocket.
4. Understand the Plan Exclusions
When you compare international travel insurance plans online, you will notice all travel insurance comes with certain exclusions. It indicates scenarios when you cannot receive financial coverage for any mishap during your trip. Hence, it becomes crucial for you to understand the plan exclusions to choose the one that offers coverage according to your travel itinerary.
Final Words
Overall, an international travel insurance plan is a boon for you when travelling to any overseas destination. It will stick to you like an all-rounder friend, protecting you and your travel plans from unforeseen scenarios during the trip and offering financial assistance during such events.
