Amazing things to
know about Travel
Insurance : benefits
and how to get
Have u been wondering about the the concept of travel insurance ?? or may be you’re planning to purchase it in your next trip, or possibly you have just purchased it and surfing the internet to know more about it, then read this article to the end.
In this post we shall be explaining to you in simpler and clearer language the basics of what is travel insurance?? How it works, how to choose a plan, and how to get the most out of your coverage as well it’s benefits. Now let get coming …..
What is travel travel Insurance???
Travel insurance can simply be defined as that type of insurance that covers the costs and losses associated with traveling, either before or during the trip or vacation. This is significant for people traveling domestically or abroad as the case may be.
Travel insurance usually help to protect costs for unexpected events while or before travelling like cancellations, trip delays and medical care to mention but a few.
The scheme over the years becomes more popular and significant due to its state of usefulness to travellers.
According to a statistic findings by the U.S. Travel Insurance Association, in 2018, they said roughly 65.8 million people had trip insurance protections, reflecting a 49% increase from 2016. Due to the COVID-19 pandemic, there is no thought that these numbers are will to continue to increase.
Travel insurance doesn’t usually just protect one from financial cost but also it’s access to assistance services.
However, the Benefits vary by plan. It’s vital to select a plan that fits your needs, as well your budget.
Unique and key element to consider when buying travel insurance
- Say the real truth about your medical history;
Never lie about your medical history,
It’s paramount to give your insurer all the information they ask for. Always answer truthfully or accurately in your application, so that your claim will not be be rejected when you fill in case of emergency… So always fill the very fact about ur health in the application form.
- Carefully read the small print..
Never rush while reading it, always take your time reading and completing the application. Make sure you know exactly what is and isn’t covered. And also be open to ask questions if you see something you don’t understand, this is to avoid complain later.
- Purchase plan that will meet your need not putting into consideration your budget too.
What Does Travel Insurance Cover?
Travel Insurance coverage varies base on plan and sometimes company, however, below are common coverage or main things usually in travel insurance;
Medical treatment. It usually covers accident or when the insured gets sick during your trip, this consist of the following services; doctor consultations, emergency treatment, hospitalization, surgery, prescription drugs and medicine, to mention but a few .
Trip cancellation, interruption, or curtailment.
For instance If your trip is cut short or cancelled for some reason, you will be covered for any loss of travel and or accommodation costs among others.
Repatriation of remains. In the case of death. It can also include overseas funeral expenses.
Lost, stolen, or damaged possessions, but note due to recklessness.
Missed flight. If the flight you missed was through no fault of your own (i.e. the airline rescheduled or had a delay) the insurance company will cover any expenses related to it.
Property loss: if you lost luggage during journey it usually also cover for it.
However, note that it doesn’t cover the following;
Old conditions, like sickness… For instance if one has any disease such as diabetes, the travel insurance usually don’t cover any costs related to the disease, such as medications or doctor check-ups or any of such….
✅Medical treatment as a result of drug or alcohol consumption while traveling.
✅Medical treatment as a result of reckless behavior and/or engaging in dangerous sports activities while on vacation.
What does travel insurance cost?
According to a data from the U.S. Travel Insurance Association, the price of a travel insurance usually runs from 4%-8% of the trip cost.
We hope you enjoy this piece and that you learned and now know something about Travel Insurance ranging from it meaning, cost, benefits and more….
We love to hear from you… Any question, recommendation or more…you Do that using the comment section below…. 👇👇👇👇.. Thank you 🙏🙏🙏