Have you ever faced an issue where your flight was canceled or delayed, and you had to overspend to make arrangements for necessities during that time? If yes, you know how difficult and uneasy it gets, especially when you are traveling on a budget. It is where travel insurance comes into the picture. Travel insurance covers all your expenses caused due to irregularities in your travel plan. If your flight gets delayed or canceled, baggage gets lost, or due to any other reason you are unable to take the trip, the travel insurance company will cover all your expenses. The best part about travel insurance is that it includes everyone from wife, kids, parents, etc. who are traveling with you. Without travel insurance, these unexpected expenses can burden your overall holiday budget while going. Let’s have a look at some of the most important reasons which make travel insurance a must for everyone.
Cover medical expenses in a foreign country
If you are traveling to a foreign country and unfortunately you had an accident or suffered from a disease due to which you had to be admitted, the entire medical expense will be handled by the travel insurance company. In such cases, where a person does not have any travel insurance, he or she is sure to spend a hefty amount at the hospital. In case you are from an Asian country, the medical expenses in a foreign country are sure to rise by 2-3 folds. Therefore, getting travel insurance before the trip seems to be the smart option. It covers all the emergency medical expenses along with the room charges, medicines, etc.
Covers the expenses for lost and damaged baggage
Not only your health and medical expenses, but travel insurance also covers your luggage and goods. In case you are flying from one place to another, and your luggage gets lost during the transit, the travel insurance company will pay you for the loss and also for any baggage damaged during the flight.
Covers the cost of cancellation and rescheduling
While one is traveling for a vacation, it is common for a person to pre-book services such as hotels, cabs, etc. However, in case the airline cancels the flight, a person is at a high risk of losing the money unless free cancellation is provided on pre-booked services. Travel insurance makes sure that any loss due to the cancellation of the flight and any pre-booked services are covered. Also, travel insurance covers the extra cost due to the rescheduling of flight.
Regain the frequent flyer points
For frequent fliers, it is common that they book their flight tickets through flyer points. However, in the case of a cancellation, one cannot regain those points again. In the case of travel insurance, the company will pay you the value, which is equivalent to the flyer points you have spent while booking the tickets. It makes sure that the passenger is never at a loss.