You are most likely planning to travel abroad, and you are wondering whether you need travel insurance. Picture this; You are elsewhere, and you suddenly fall sick, and you do not have anyone to take care of you, or you are involved in an unfortunate accident, and you need immediate medical attention. You might also lose your valuable belongings or money, and you are left stranded. Nobody would wish bad things to happen to them while they are traveling. You can never predict what will happen, though. You have to ensure you have something to fall back to if you find yourself in a fix.
Importance of Travel Insurance
The importance of Travel Insurance cannot be overlooked in any instance. Travel insurance is particularly very essential if you are traveling on a budget. Even if you have a lot of money, travel insurance will save you from spending a lot of money in case you were in an unfortunate event.
If you compare the amount of money you’d have to spend if anything unfortunate happens to you, and the amount you have to pay for travel insurance, you’ll find that you should get the cover. That little amount of money you pay for an insurance cover could save you a lot of trouble.
From the discussion above, you can tell that travel insurance will come in handy in several circumstances. The most common ones include;
Medical Emergencies – Whether you get involved in an accident, or you fall seek while abroad, your insurance cover will ensure you promptly get medical attention or get evacuated if need be.
Baggage and Personal Belongings Loss – If you are an avid traveler, then you know the inconvenience that comes with losing your baggage. If you have a travel insurance cover for your luggage, it can cushion you from some of the troubles and losses that you might suffer if you lose your baggage while traveling.
Are there instances where travel insurance is not necessary? This is a common question that a traveler asks.
There are situations in which travel insurance might not be essential, although we strongly advise that you never overlook its importance. Such instances include;
Domestic Travel – If you are traveling within your own country. There is no need for travel insurance, especially when it pertains to your health and personal liability. If you have health insurance and other types of personal liability covers, you would not need a travel insurance cover.
When money is not a problem – If finances are not a problem for you, and you can afford all the attention you need, you might not need a travel insurance cover. Most travels are always seamless, and the money paid for insurance becomes an unnecessary expense at the end of the trips. People who would not afford emergency services cannot afford to take risks.
You should never overlook travel insurance if you are traveling outside your home country. Some countries are starting to refuse entry to persons without travel insurance covers.