Does travel insurance work?

[Tanuja Choudhary]

Does travel insurance work?

[Suraj Bhagat]

Yes. Travel insurance does work. And it’s very vital to have one while planning a trip. Most importantly, choosing the right and the best travel insurance plan is crucial to make it work in your favour. Before purchasing any plan, it’s important to know what it offers, inclusions and exclusions of the policy. Not knowing the plan that you are buying may result in denial of claim in future. Age, amount of coverage, purpose of trip, place of travel, family members travelling along and value of luggage etc needs to be consider while choosing the best travel insurance plan suitable to your travel. Travel insurance can be great savior during a travel if any unfortunate thing happen.

[legalandfinance · Accepted solution]

Travel Insurance is a safety net that you can purchase to help you protect your travel investment in case of unexpected events that have a negative impact on your travel plans. It works quite similarly to other insurance policies in the following ways:

1. Purchase travel insurance before anything actually happens to disrupt your trip. Once the event has occurred, like an act of terrorism, illness or severe weather, you can no longer purchase a plan to cover that or any related events.
2. Read the chosen plan carefully before buying it. You’ll want to understand exactly what your insurance company will cover and what they won’t.
3. Provide documentation of your issue while filing a claim. This documentation could be a medical bill, statement from the airline or a flight schedule depending on the situation.
4. Pay your own costs up-front (most likely). Travel insurance primarily works in a reimbursement structure. You will get reimbursed from the travel insurance company if they approve your claim.