Planning a trip abroad? Here's everything you need to know about buying insurance.
Vacationing abroad is fun, but things can go south quickly. What if you lose your luggage? Or worse, somebody mugs you? This happened to TV star Divyanka in July, when she and her husband travelled to Florence, Italy. Somebody broke into their car and stole their belongings including passports and ₹10 lakh in cash. The local police were of no help.
Travel insurance is a blessing in such situations. The insurance company can give you some emergency cash along with a predefined amount for loss of baggage and passport. They can also provide additional services such as helping you connect with local authorities. However, a basic travel insurance plan may not have all these features, so it’s important to inquire about riders (add-ons) that provide such coverage.
“Ensure the insurance policy covers expenses related to lost passports, travel documents and personal belongings, as this typically helps reimburse the costs associated with obtaining new travel documents and replacing lost items. Look for insurance plans that offer 24/7 emergency assistance so you can get immediate help with lost passports or other emergencies, including guidance on reporting to local authorities and arranging for replacements," said Aashish Sethi, head, health SBU and travel, Bajaj Allianz General Insurance.
Also read: Travelling abroad? Here are 3 zero-forex credit cards you can get for free
Some travel plans can cover additional expenses such as accommodation and travel while you await replacements for your documents.
To be sure, international travel insurance is a combination of a travel and health insurance plan. On the travel side, it provides coverage in four categories, as Vivek Chaturvedi, CMO and head of direct sales, Go Digit General
Read more on livemint.com
