Vacation ready? Here is how to get affordable travel insurance on your next trip
travel inconvenience cover which includes – loss of baggage, passport, flight delay or cancellation, trip delay or cancellation, and other covers associated with your overseas trip. As per Nitin Deo, Chief Technical Officer, Zuno General Insurance, this is an often-ignored type of insurance cover due to a lack of awareness.
“Trip Delay and Cancellation cover help in recovering the non-redeemable cost of any advance events/visits booked and can efficiently minimize your loss in case of a delay or cancellation due to unavoidable circumstances outside your control," said Nitin Deo. Some countries make it mandatory to purchase insurance before granting a visa.
“There are specific plans available to cater to such requirements – for example: Schengen countries have a mandatory requirement for a cover of minimum sum insured equivalent of 30000 euros for health emergencies," said Nitin Deo. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here There are a number of sources from which you can purchase these covers, most common is your tour operator or travel agent.
Policies can also be purchased online through the insurance company’s website or other online platforms. 1)Exact departure and arrival date 2)Names of countries you will be visiting 3)Emergency health cover should be adequate and in line with the destination country’s mandatory requirement, if any – ideally a minimum of USD 100,000 4)Trip delay/cancellation cover and baggage delay/ cancellation cover is a must if it is a leisure trip Experts suggest that individuals shouldalways ensure they read and understand the policy terms and conditions and sales brochure on what is
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