Although many of us take trips overseas, do we always choose travel insurance? We regularly doubt our need for travel insurance, whether the expenses connected with these plans are worthwhile, and the purpose of getting travel insurance in the first place. Well, "life is full of uncertainties" would be the response to these queries. You run into some dangers whether you travel with your family or alone. These dangers can have to do with your vital papers, luggage, or health. Therefore, in order to guarantee a hassle-free trip itinerary, it is imperative to address all potential dangers before leaving. A wise travel insurance plan can lower your financial risks and provide for you when you're abroad in a strange land.

Reasons that support the necessity of travel insurance :

Knowing the value of travel insurance will help you answer the question, "Why buy travel insurance?"

Fallen Sick

Even though we all make efforts to make sure our holidays go as planned, life sometimes doesn't go as we expect. If you become ill and require immediate medical attention while traveling, it will cost you a fortune. Medical bills and hospital costs will cause a financial imbalance. It is crucial to choose travel insurance plans for your overseas journey since the majority of travel insurance plans cover hospitalization costs in the event that you become ill.

Delay or Loss of Checked-in Luggage

Your checked luggage may potentially be delayed or lost in transit, which is covered by travel insurance. When an airline responds poorly, such as by telling you to wait for 24 hours or just to keep looking for your luggage, travel insurance may come in handy.

Covers against Risks of Travel

Travel insurance covers travel hazards, including lost luggage, personal belongings, and passports. Having these risks insured adds to the protection against financial loss. If your flight is canceled for any reason, travel insurance will reimburse you up to a set amount (in accordance with the terms and conditions of your policy). Without travel insurance, you would have been financially burdened by these costs. Travel insurance protects your finances by paying back such non-refundable expenses.

Sudden trip interruptions

What happens if bad weather causes your travel to be delayed or if a sudden emergency-like circumstance causes all flights to be canceled? It is beneficial to have a sound travel insurance strategy in place if you experience delays on your trip. Additionally, if you had to cancel the trip for some reason, you could always ask for reimbursements associated with the delay.

Loss of Passport or other important documents

In the event that the insured loses their passport, they are compensated for the real costs associated with getting a replacement or new passport.

Unplanned trip extensions

You might need to extend your vacation because of an unexpected health issue or a sudden political uprising. This entails canceling your existing travel plans and rescheduling them for a later time. You might need to stay longer than you had intended in a foreign nation in the event of a medical emergency, a natural disaster, political instability, or similar situations. The emergency trip extension coverage offered by travel insurance can be used in these circumstances to pay for expenditures like flight adjustments or rescheduling, hotel reservations, and other related charges.

Personal Accident

In the event of a personal accident, HDFC ERGO compensates the insured person for accidental death or total permanent disability.

Financial Security for Trips Abroad:

What would you do if you were taking a vacation to a lovely location overseas for the first time and your wallet or bags were stolen? At this point, your travel insurance goes into effect. Your travel insurance provider will provide you with financial support to address the issue in the event of such emergencies as thefts.

Cover Against Unforeseen Events:

A family medical emergency occasionally makes it necessary to cancel a trip even before it has started. Or, flights could need to be canceled due to natural calamities like storms and earthquakes in the country of travel. Numerous such unforeseen circumstances may lead a tourist to end their vacation. Only travel insurance can offer solace in these unforeseen circumstances by paying for non-refundable and pre-paid travel expenses. Nevertheless, depending on the insurance plan chosen and the insurer, the coverage may vary.

Coverage for Personal Liabilities:

Although, compared to the advantages listed above, this feature might seem insignificant, it could wind up being the most vital one if a tourist mistakenly causes harm or damages someone else's property while abroad. The visitor can be forced to pay astronomical bills or, worse yet, face legal action. However, if the insurance company is properly notified about the accident, the business will cover the costs and, if necessary, take the issue to court. It should be noted that this section will not apply in cases of intentional harm or damage. This feature might be offered as an extra perk under some policies.