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Planning a Luxury Vacation? Don’t forget to First Buy Travel Insurance Online

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Published on October 11, 2021. EST READ TIME: 3 minutes

You may have dreamt of celebrating your 25th birthday or your golden jubilee anniversary on a cruise or in a luxurious beachside resort, even before you had started earning. A luxury vacation excites all at some point in life and there are many for whom it’s a dream come true.

Although a luxury vacation is heavenly, it costs a fortune! When you are investing a lot of money, there are higher chances of risk and therefore, insurance is a must. Here comes the role of a travel insurance policy that will make sure you have no issues while celebrating your once-in-a-lifetime moment.

Why Travel Insurance for Luxury Trips?

Luxury trips, as the name suggests, demand heavy pricing, from expensive hotel rooms to flight tickets and even more if you have something grander in mind. Luxury trips have so many aspects that make them memorable and costly at the same time.

If you are investing such a big amount why take a risk when you can easily insure it. A travel insurance plan comes to your rescue when any unprecedented thing happens on your trips like missing baggage, flight cancellation, or a health issue. A travel insurance plan becomes a necessity for luxury trips as these are much more expensive than any normal journey. The best part is that now you can buy travel insurance online in just a few minutes even one day before leaving.

What should you look for in a travel insurance plan?

We all have our own recipe of a luxury vacation in our minds and we look for something that matches it. Similarly, a traveler needs to decide which travel plan he has to choose considering his requirements, itinerary and budget.

The best travel insurance plans available in the market offer coverage for medical emergencies, flight cancellations, lost luggage, lost or stolen passports, etc. In today’s world, where luxury travel is a popular thing, several companies are offering travel insurance plans specific to the holiday.

For instance, if your holiday is on a cruise, you can buy unique and comprehensive cruise insurance plans that offer reimbursements for trip interruption or cancellation, travel delays and cover for your medical and non-medical needs.

Many insurance companies are offering attractive features that make their travel insurance plans worth buying. However, you should look for a plan that fulfils your needs. If you are planning a multi-destination luxury holiday then you might need something that includes all of them in a single plan. You can look out for a single trip plan that covers medical emergencies, trip cancellations, missed connections, and features like an automatic extension of policy, advance cash supply, emergency hotel extension, etc. However, do read the terms of the plan before making your purchase.

Affordability is always what an individual looks for in a plan and therefore, you should consider these factors that may affect your premium:

• Your destination

Your destination can play an important role while deciding your premium amount when you buy a travel insurance plan. For instance, your insurance premiums are low when you travel to a country that is economically stable and safe.

• Traveler’s age

Companies tend to charge more for elderly people as they are more vulnerable to face issues in their travel rather than the younger age group.

• The duration of your journey

It is obvious that a long trip will cost you more. However, choosing a plan that offers automatic extension can be beneficial.

Many companies offer optional benefits with their travel insurance plan that often include coverage for specific pre-existing diseases, high-risk activities (like trekking, scuba diving, etc.), and rental car accidents, deaths, or damages. Moreover, now that COVID has created havoc everywhere, looking for travel insurance that covers the same is all the more essential.

Analyzing all possibilities that can cause an issue while you are away from your home, HDFC ERGO offers a range of travel insurance plans that comes with numerous benefits at affordable rates. According to your needs, you can compare all travel plans at HDFC ERGO and buy travel insurance online in minutes.

Conclusion

Insuring your luxury vacation may be essential to save your expensive trip from getting cancelled or interrupted. Getting your luxury holiday insured can be a little pricey and can cost up to 10% of your trip’s budget, but that’s alright; after all, you don’t want to be penny wise and pound foolish.

Now that many countries have altered their travel regulations, most of them have made travel insurance mandatory. Travel insurance is just like keeping a first-aid kit in your bag for emergencies that may arise when you are out of your comfort zone. Moreover, a traveler can quickly search, compare and buy travel insurance online even if he’s in a hurry.

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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