International Travel Insurance Myths Busted

Posted on: Apr 4, 2022 | | Written by:

International Travel Insurance Myths Busted

Whenever you are travelling, you can come across multiple risks during the journey and on the trip. Travel insurance is the safety net that saves you from the financial repercussions of these risks. So if you’re planning your next holiday or office trip, you need to have a clear perception of international travel insurance. When you get into researching what international travel insurance you should buy, you’ll realize several myths are prevalent around it.

Unfortunately, these myths can often confuse you and deter you from making an informed decision

1. Travel Insurance is of no use because I am not going to lose anything abroad

As per the data published by Foreign Office in 2014, over 10,000 UK passports were reported lost or stolen overseas. Cases like this give rise to crimes of identity theft and even terrorism. What’s worse, anyone could become a victim of such crimes.No matter how careful you are, it is wrong to assume that nothing could ever go wrong. At times, it’s not our carelessness but some other unforeseen circumstances that lead us to trouble. A comprehensive travel insurance plan can provide an emergency cash allowance in times of passport or baggage theft or loss and make your trip hassle-free.

2. 'I have health insurance, I don't need travel insurance'

Most people feel that multiple insurances are redundant. But that's not the case. If you are someone who already has health insurance, that's an added advantage. However, this insurance might not necessarily cover your illness expenses abroad. An international travel insurance plan compensates for your hospitalization and treatment charges and relieves your stress. You can also avail yourself of worldwide cashless hospitalization with some insurance providers. With HDFC ERGO travel insurance policy, you get a vast network of 1 lakh plus cashless hospitals. As a result, you can benefit from high-quality medical treatment and return home only once you've completely recovered.

3. Travel insurance will protect me on an adventure trip

Adventure sports are generally not covered in a travel insurance policy. However, if you are planning an adventure trip, you can ask your insurance provider about the coverage you will be offered while on the trip.

4. I am travelling to a place that has travel warnings; not a cause of worry as I am covered with my travel insurance

If you are going to a place where travel warnings have been issued and something unfortunate happens, you won’t be covered for it. So always check travel warnings to ensure that your travel is safe.

5. I will have to buy separate plans for everyone in the family for every trip

People usually believe that they would have to buy separate travel insurance policies for every family member. But this is not true. If you and your family travel regularly, it is advisable to opt for an annual policy. Buying an annual travel insurance policy will save you from the hassles of buying policies again and again and save your money. Apart from this, there are also travel insurance plans for families.

Conclusion

Whenever you are planning a trip, it is advisable to search for the best travel insurance online without a second thought. International travel insurance will provide coverage against loss due to theft, baggage delay, flight delay, COVID-19 hospitalization and other unforeseen events. Also, some countries have made it mandatory to enter their border with a travel insurance policy.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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