Travel is a subject that can be a great bone of contention for many people – the pleasures and stresses are both undeniable. Some find the idea of long-distance expeditions exciting, whereas others may consider the idea excruciating. However, for veteran travellers, whether for business or pleasure, for leisure or necessity, one of the aspects they (mostly) agree upon is the importance of getting covered with the right insurance policy.
Although modern travel has become a great deal faster, safer and more convenient compared to the past, there continues to be risks involved – just as with any other activity. If you’re new to travelling and are unfamiliar of the benefits of getting a good insurance policy, here are some compelling reasons why getting covered is a very good idea.
It protects you against financial loss
One of the most obvious reasons for getting covered is to protect yourself against financial loss in the event that your trip is cancelled or gets cut short. There are many reasons this may occur – from inclement weather, sudden political upheavals, natural disasters, or even mundane reasons such as your airline or travel agency goes out of business.
Getting covered with a good policy means you are financially protected in the event of lost, stolen, or damaged property as well. Depending on the extent of your coverage, you can even be insured against financial loss that is directly connected to your trip, such as for costs involved in a destination wedding. Depending on your policy, you could also be covered for lost income in the event that you are prevented from getting home and resuming your job as scheduled.
It protects you against harm
While being in an unfamiliar country doing strange and exotic things can be quite exciting, being in a strange place with no access to your usual support systems can be the most terrifying thing in a crisis. A good policy will protect you in the event of major emergencies such as terrorist attacks, natural catastrophes, or political upheavals. Not only will having the right policy reimburse you in the event that you need to cut your trip short, but it will also provide emergency evacuation services and medical treatment if necessary.
It protects you against liability
Unfortunately, accidents can happen anywhere and at any time, even when you’re at home doing household chores. Undeniably, though, it’s a thousand times more stressful when you’re in a foreign country. Fortunately, a good policy can protect you against liability in the event of accidents – such as when renting a car or sports equipment. Take note, however, that it doesn’t protect you against criminal liability, so be sure to familiarise yourself with local laws and take extra care you don’t break any. In the event you get hurt, your travel insurance will also ensure you receive the proper emergency and medical treatment as soon as possible, as well as reimburse you for costs incurred during your treatment.