Travel Insurance: Helpful from flight cancellation to medical emergency, adequate coverage protects against major losses..

Unforeseen events like the horrific plane crash in Ahmedabad make travel insurance a necessity rather than an option. Unexpected medical emergencies, lost passports, or flight cancellations can ruin your holiday. This is where travel insurance comes in handy to ensure your safety.

Travel insurance is not just for a single country but for an entire region. If you buy a policy for a region like the South East, it will cover many destinations in that region, including Thailand, Bali, and other nearby countries.

It is important to buy insurance in advance.

One should buy a travel insurance policy before traveling. Travelers can include benefits ranging from cancellation of travel plans to visa fee refund benefits, which are usually not available when buying insurance at the last minute.

Single and multi-trip travel insurance
When it comes to travel insurance, there are two main options. Single-trip and multi-trip travel insurance. Single-trip travel insurance covers 30 days for a specific trip, whether domestic or international. Your coverage begins when you leave the country. If you travel occasionally and need protection for just one trip, this is a good option.

Multi-trip travel insurance covers multiple trips throughout the year. The travel period can be chosen between 30, 45, 60, and 90 days. However, the total travel period across all trips should not exceed 180 days.

Adequate coverage protects against major losses.

Some travelers try to cut corners by choosing basic or minimum coverage. But doing so can backfire. Twisting your foot on a gravel road or having a flight canceled due to a strike can lead to unexpected costs running into lakhs.

Comprehensive high-cover travel insurance offers peace of mind that far outweighs the small additional cost. In the context of an expensive Europe trip, the difference between a basic and a high-cover policy is a few thousand rupees, but can save you from losing lakhs in a crisis.

Also required for visa approval

Travel insurance is required for visa approval in some countries, making it an essential part of travel planning. Whether you are traveling to enjoy holidays or for business, the right coverage ensures that you are prepared for any emergency.

Take care of valuables and travel duration

Before buying travel insurance, consider factors such as travel duration, destination, and valuables you are carrying. If you plan to engage in adventure activities, make sure your policy covers them. Compare prices online for a better deal. While buying a policy, see what is included and what is not, so that there is no difficulty during the claim. -Meet Kapadia, Head Travel Insurance, Policybazaar

Disclaimer: This content has been sourced and edited from Amar Ujala. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.