If something goes wrong while you are abroad, a travel insurance policy will assist you with the money you need in order to overcome the crisis. This type of insurance is planned to cover medical expenses and any other loses that you may have acquired during your travel abroad. Such an insurance policy can be claimed for loses incurred in your own country as well as internationally. Thus, a travel insurance policy can turn out to be the most essential element when you face a sudden disaster while you are traveling out. This article provides you with information about the benefits you may receive when you purchase a travel insurance policy.
Benefits of travel insurance policy
Here are some of the benefits you may receive when you purchase an insurance policy.
- Emergency medical treatment – Your travel insurance policy covers the cost of emergency medical treatment. However, it requires a prior authorization of your insurer usually in case you think your cost of treatment may exceed the fixed amount set out in the policy agreement.
- Emergency medical assistance – This covers the cost of getting someone admitted to the hospital during your travel. This may include costs of road ambulance, air ambulance or a sea rescue. However, you must check whether you are covered for it.
- Repatriation – This is a unique benefit of travel insurance. This type of insurance helps you cover the expenses of returning you home to your country after receiving your medical treatment. With the help of a travel insurance policy, a medical representative will also accompany you in such a case. The travel insurance also covers the return of your remains in case death occurs abroad.
- Cancellation and curtailment – This type of insurance also covers any financial loss that may not be recoverable by any other means such as non-refundable transport cost or lost-deposits. You may suffer such a financial loss as a result of cancellation of your trip or in case you may have to cut short your trip. You may have to file such a claim if you suffer from serious illness or there may be a death of a close relative or in case some severe damage has been done to your home.
Apart from the benefits mentioned above, your travel insurance also covers personal liability, legal expenses in case you get involved in litigation and if you are permanently disabled. Thus, purchase your travel insurance immediately in order to travel stress-free.
Juanita Martinez is associated with the AmPmInsure Community and has been offering her suggestion on insurance to the community since 2007. Besides this, she has also written contributory articles for various financial sites. Few of her articles would include names like ‘Ho3 Policy: An open peril insurance’, ‘Insurance for fire damages’ and ‘Buying life insurance on someone without their consent’.