5 common myths of travel insurance that you need to be aware of!!
What do you do when you are on a vacation and an unavoidable medical emergency happens? You will probably contact your relatives and friends for help or will visit the local medical authorities for treatment. How do you take care of the related expense? Your medical insurance does not cover you outside your country of residence. A very inexpensive travel insurance can help you deal with these and other unfortunate events that might happen while you are on a vacation.
It is this type of insurance that will help manage many uncertainties associated with travel. The insurance will cover the emergency medical costs in case of an accident, assist if your traveling document if lost, manage costs related to canceled and missed flights and many more. Overall, travel insurance will be a protective layer for your journey.
The benefits are several but there are some myths in the minds of the people that prevents them from using the same. Let’s discuss these myths and bust them.
Medical insurance or other life insurance is enough
Medical insurance will look after all your medical issues only if it covers the countries you are traveling to. Typically, medical insurances are not sufficient. Not only that, what about other problems that you may face in the journey. Travel insurance will cover a lot more than medical issues.
You have to take an individual policy for everyone in the family if traveling together
If you are traveling with your family, you can choose a family policy that covers all family members which includes family children below age 16. In addition, if you travel regularly with your family, you can choose an annual policy and use it whenever you plan your vacation. However, a ‘family’ policy can be invalid if family members are travelling independently or if the children are travelling with someone not named on the policy.
Can buy insurance later
People wait for the last minute to take the policy or after they have travelled because they are afraid of the premium amount. The premium amounts don’t change whether you purchase in advance or last minute. Also, the difference in premium amounts before you have travelled and after you have started your journey is minor and not worth the risk. We highly recommend taking the policy at the time of booking your trip.
Travel insurance is just for adventurous people
Some people love adventure and high-risk sports and activities during their travels. But it does not mean that they are the only ones should avail travel insurance. The terms and conditions are different for different travelers so even if you are not into adventure sports, you can apply for travel insurance. Such a policy will cover you against various travel risks such as lost or stollen luggage, cancellation cover (should you not be able to travel due to unexpected medical reasons) and most importantly, unexpected medical costs abroad.
Filing for a claim is difficult
While you are away from your home and need to file a claim under your travel insurance policy, people often think that it is difficult to contact the insurance company. They also have the mind-set that the response will be delayed. However, if you have bought a travel insurance from a highly rated insurance company, you will not have trouble reaching the insurance company or filing a claim with them.