Whether Travel Insurance is Important ?
Are you planning an overseas travel? If yes, a constant debate running through your mind would be, to purchase travel insurance or not.
In the current situation of recession, a traveler may be tempted to skip travel insurance to save even that little amount of money. Medical Expenses: Medical treatment abroad is very expensive. At least 10 times your home country! In an unfortunate event of an accident or sickness, requiring urgent medical attention, Travel Insurance comes very handy. A Travel insurance policy extends financial assistance, up to the limits specified under the travel policy.
You may lose money paid towards airline tickets, hotel bookings etc which are non refundable. A travel insurance policy will provide you a cover for the same
Loss or delay of Checked Baggage: Compensation is paid for the permanent loss of checked-in baggage.
summarized from Is Travel Insurance a Necessity in Overseas Travel? By Pratik Salvi
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