There are a lot of misinterpretations around travel insurance plans .People travelling internationally largely buy travel insurance policies because of visa guidelines for most of the European and American nations. The fact is true that travel insurance give coverage for financial loss happening due to loss of baggage during the course of travel but that is not just what is being insured under a travel.
There is a holistic range of things that are covered under a travel plan which includes issues during medical emergency, availability of cash in a foreign land in case of theft, cancellation of flight, delay in flights and various other scenarios which seem to cause financial loss to the policy holder are all covered under a plan. Let’s look at some specific scenario:
So technically speaking doesn’t get mistaken by the idea that travel insurance only cover your loss of luggage but it is more comprehensive in terms of insurance. Even lot of travel portals combine travel insurance plans as a part of their travel package but you should always cautious about what you are buying. Preferably try using an online comparison portal to compare travel insurance plans from different insurers based on the location where you intend to travel and the motive behind your travel. Since insurers provide you services in a foreign land through their foreign partners you should also look at providers in terms of their partner’s presence too.