Travel Ins

By: EconomyWatch   Date: 10 September 2009

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Travel ins or travel insurance covers you for various unforeseen circumstances that might arise while travelling. It covers you financially against accidents, theft or loss of baggage. Purchasing travel insurance is safeguarding yourself against any situation that may, otherwise, spoil your travel experience.

Who Should Opt for Travel Insurance

The following people should ideally have travel insurance:

  • Frequent travellers

  • Business travellers, people with commercial property

  • Adventure sports lovers, while vacationing

  • Families who travel together

What Does Travel Insurance Cover?

The sole objective of getting yourself insured for travel is to minimise the risk that may occur and cause heavy losses. A travel ins package thus covers you for many situations, such as:

  • Medical emergency

  • Existing medical condition

  • Interruption or trip cancellation

  • Loss of cash, valuables or bankruptcy

  • Delayed arrival and baggage-loss

  • Legal expenses and passport loss  

Type of Travellers and Travel Insurance

Different kinds of travellers have different needs. Therefore, travel insurance comes in various forms and types:

·        Student travel insurance: This policy covers a student for a comparatively lower premium. However, students may opt for complementary policies to increase the coverage, such as adventure sports insurance.

·        Senior citizen travel insurance: Although the premium is much higher than others, this policy covers senior citizens for emergencies that may arise while travelling.

·        Annual travel plan: Businessmen and frequent travellers must have this policy. It turns out to be more cost effective and has wider coverage.

·        Family travel insurance: While travelling, children are prone to infection, while seniors are prone to muscular injuries. Therefore, buying this policy ensures that your family is totally covered, right from your toddlers to your grandfather.

·        Extreme sports: This insurance is a must for people travelling for the sole purpose of adventure sports. Due to the high risk involved in adventure sports, these games usually attract higher premiums. However, they give larger coverage for various accidents that may occur during these activities.

People travelling for single trips, short/long trips, business trips or for adventure sports should consider getting themselves the protection that is only offered by travel insurance. 


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