Travel insurance offers several benefits that can provide you with financial protection and peace of mind while you’re travelling. The benefits of taking out travel insurance include the following:
Trip Cancellation/Interruption Coverage
This benefit reimburses you for non-refundable expenses if you have to cancel or cut short your trip, due to a covered reason such as illness, injury, or other unforeseen circumstances.
Emergency Medical Expenses
Travel insurance can cover medical expenses if you require medical treatment or emergency evacuation while travelling. The latter can be expensive and may not be covered by health insurance. It can help cover the costs of hospitalization, doctor’s visits, prescription medications, and other necessary medical services.
Baggage Loss/Delay Coverage
If your luggage is lost, stolen, or delayed during your trip, travel insurance can provide reimbursement for the value of your belongings, allowing you to replace essential items and continue your journey.
Travel Delay Coverage
If your travel plans are delayed due to reasons beyond your control (such as weather, natural disasters, or airline strikes), travel insurance can provide reimbursement for additional expenses incurred, such as accommodation, meals, and transportation.
Emergency Evacuation Coverage
In the event of a medical emergency or a situation where you need to be evacuated from your travel destination, travel insurance can cover the costs associated with emergency transportation, including medical repatriation.
Accidental Death and Dismemberment Coverage
Travel insurance can provide a benefit to your designated beneficiaries in the unfortunate event of your accidental death or dismemberment during your trip.
24/7 Assistance Services
Many travel insurance policies offer round-the-clock assistance services, including emergency travel assistance, concierge services, and access to a helpline for immediate support in case of emergencies or travel-related queries.
As ever with insurance policies, it is important to note that the coverage and specific benefits provided by travel insurance can vary depending on the policy and the insurance provider. It’s recommended to carefully review the policy terms, conditions, and exclusions to understand the extent of coverage before purchasing travel insurance. Speak to your Insurance Broker should you have any queries or questions about travel insurance.
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