Travel insurance covers unexpected medical emergencies and events such as trip cancellation, death of a family member or relative, stolen or damaged luggage by an airline, and other losses incurred while travelling. Although there is a medical component in a travel insurance policy, the mistake people make sometimes is to substitute their travel insurance for a health insurance policy. It’s important to prepare for unexpected contingencies and buy a travel insurance well in advance.
5 Reasons To Purchase A Travel Insurance In Advance:
1. Coverage Against Trip Cancellation
Despite carefully planning, there’s always scope for a contingency that might force you to cancel the trip altogether, e.g. a family member falling severely ill. In such an incident you might lose the money you already spent on the advance bookings and hotel reservations. However, if you invest in a travel insurance online, the policy would pay for trip cancellations. The coverage would be available only if the policy has been purchased in advance. If you buy a policy when you are already thinking about cancelling the trip, coverage would not be available.
2. Coverage Against Illness After Buying The Policy
Travel insurance in India and abroad usually don’t cover illnesses which arise out of pre-conditions. However, if the illness happens after buying the policy, coverage is allowed. If you buy travel insurance online in advance and thereafter face an illness, it would be covered if it becomes chronic.
3. Enough Time To Modify Your Coverage
After buying the policy if you need an add-on to enhance the coverage, you can choose it later by paying an additional premium. This option is available only when you buy a policy in advance. If you buy the policy the last minute you won’t have time to reconsider the coverage features and modify the coverage even if you want.
4. Enough Time To Compare Options
There are more than a dozen travel insurance plans in the market and each offers something better than the other. To make a sound decision, compare each and then choose the one that suits you best.
5. Important Considerations Before Buying Travel Insurance Online:
If you want to purchase a comprehensive plan to cover trip cancellation, do it after making at least one payment towards your trip, but some plans require you to have some amount of money as advance. You will want to have a good grasp of your total expected trip cost. This will allow you to get the most accurate quote for the right travel insurance plan. You can even close the deal as close to the first payment or prior to when the plan is needed. Always make sure to buy travel insurance from best insurance company to get best assistance during your journey & claim process.
Now all that is left for you to do is pack your bags and read-up every listicle online on the destination you’re heading. We hope this article has helped you understand the importance of pre-planning for a travel policy.