Travel Insurance is one investment you need to make while traveling abroad. In case your travel is smooth and you don’t face any problems you might think that the travel insurance you had purchased while traveling has gone waste. You are partly right in thinking this way unless you have very deep pockets and can afford to lose your baggage at the airport, fall sick and cover the medical expenses on a foreign land from your own pocket, or get injured and afford treatment in an expensive nation. However all people who travel do not have deep pockets and need some financial security that can take care of them in the event of a hostile condition in a foreign land where they might not know anyone. Travel insurance is one investment that you are going to make to ensure that you have a smooth journey abroad. It’s just like workers compensation insurance in Orange County when you need it, only then you will know its value
Travel insurance is legal requirement to enter many countries
Travel insurance is mandatory to obtain a visa to a number of countries across the globe. You need to furnish documentary proof that you have your trip covered via travel insurance while you are on vacation or for any other reason in that country. In case you are not able to or you don’t get yourself travel insurance you are not going to get permission to enter a foreign land that has a legal requirement for travel insurance. In case you are able to reach the country without valid travel insurance thy might deport you back to your home country.
Your travel insurance is a guarantee of top notch medical care in case you need
In case you need medical care due to an accident or sickness on your trip the costs might run into thousands of dollars. Your regular insurance that you have in your parent company will not work for you in foreign lands since they need upfront cash to cover for the medical expenses that will be incurred on treating you. You might need evacuation and transportation from the accident site or your hotel to the nearest hospital or from one hospital to another specialized hospital in case you have grievous injuries or severe problems which might need specialized attention. Your travel insurance is going to cover all for you since it has components of medical care and transportation because of medical reasons incorporated into it. Still to make things crystal clear you need to check with your insurance carrier beforehand about the fine print and terms and conditions.
Baggage and personal belongings are insured for a smooth journey
Baggage and personal belongings that include your passport and other travel documents that might be necessary to move around freely in that country might get misplaced or lost by the airlines you are traveling. You might be left stranded at the airport as soon as you arrive on your destination which can be quite a nightmare. However if you have travel insurance you can apply for a fresh passport and get your travel documents by contacting your Embassy in that country. All the costs for a fresh passport and travel documents will be borne by your insurance carrier. Some insurance carriers even cover the valuables that you might be carrying along with you on your foreign trip.
Trip cancellation and trip interruption are covered
Generally we plan and book our tickets in advance while traveling abroad, due to several reasons. Early bookings let us book air tickets at a low price; we are able to find good deals and discounts for hotels abroad. However life is uncertain a slight change in your schedule will have your investment on air tickets and hotel bookings go down the drain. In case you have travel insurance before booking any air tickets or hotel bookings your investment is safe since the insurance carrier will cover for the amended or cancelled trip investment you have already made.
Travel insurance might not cost you the same for all countries. Countries that have a high crime rate will cost more in terms of travel insurance. Your insurance carrier will charge a premium based on your age, medical condition and a host of other things. It is best to talk to one of the insurance agents and get clarity about your travel insurance before actually buying one before traveling abroad.