It’s not worth denying the fact the nothing can go wrong with you..Risk is associated with everything even if it is like staying back at home so why to deny the risk associated with travelling. While travelling in a foreign country the risk associated can increase drastically as you don’t know the people out there and have nobody to help in case of emergency. Another important thing to remember is that your domestic insurance is not going to work in a foreign country. In a state where you might require medical treatment or support the cost has to borne out of your own pocket because your domestic medical insurance plan will not come to your help and which is already mentioned in your policy document.
Most of the people have quite a lot of misconception of travel insurance. One of the most common is that the benefits associated with travel insurance start only after you start the journey. This is technically a big misconception. You should understand that travel insurance is meant to take care of any travel related emergency and compensate you with a claim if there is a financial loss. Even in case if you have to cancel your travel plans because of bad health conditions ,somebody closely connected to you getting hospitalized or even in case of situations like riot or any kind of social unrest or due to technical fault of your airline. In case of minor issues which may lead to your missing the flight because you reached late to the airport happening because of reasons which are not under your control. So it is not just that your travel insurance cover emergencies arising during the period of travel but also risk associated with pre-travel situations which can lead to cancellation of your travel plans. It is so advised to buy Individual travel insurance plan as soon as you paid money for your tickets.
Another important that should remember that if you have planned for some adventure sports as a part of your itinerary make sure that your travel insurance plan covers that. As there is an inherent risk associated with adventure sports mostly insurers avoid covering them. Even if your policy is covering them it has it own limitation. So if you have planned for an adventure sport you should preferably look at buying an add-on along with the basic policy. Though you might end up paying some extra but then you are fully insured.
Another quite unknown fact which policyholder generally doesn’t know is that your travel insurer also at times covers issues like theft which might happen in your house while you are out on travel. In fact most of the policies be it from any insurer they generally offer this type of cover. When you travel plan extends over a longer period of time this can be a good feature to look into as thefts and burglary are a common phenomenon now.
While deciding upon your travel policy you should always read through the terms and conditions of your policy in details and stay aware of what is covered and what is not .In some covers offered under a plan comes with their own limitation which should also be well thought off. Plus it is always advised that one should buy a travel plan by comparing it online and do an evaluation based upon every benefit the policy has offered. Online comparison of travel insurance can always help you to take an effective decision.