What is Travel Insurance? Why is it Important?

Travel is an integral part of our lives. It offers a much-needed break from our daily routines and provides us the chance to rejuvenate with our loved ones. However, travel also comes with its fair share of risks—especially when venturing abroad. This is why travel insurance is an essential safeguard.

What is Travel Insurance?

Travel insurance is a financial product that helps cover unforeseen risks and emergencies during your travel. By paying a nominal premium, you can secure protection against losses like:

• Flight cancellations
• Baggage loss
• Medical emergencies abroad
• Passport loss
• Personal liability
• Even losses back home such as burglary while you’re away

Travel insurance is available for both domestic and international travel.

Features and Benefits of a Travel Insurance Policy

Medical Coverage

Covers medical expenses that may arise during your trip, including hospitalization and emergency treatments.

Trip Cancellation or Curtailment

If your trip is canceled or cut short due to valid reasons, the policy compensates for non-refundable bookings such as flight tickets and hotel stays.

Personal Liability Cover

In case you unintentionally cause damage to someone’s property or are held liable, travel insurance covers the legal and financial liabilities.

Terrorism-Related Incidents

Travel insurance provides coverage in the event of hijacking or other terrorism-related events.

Loss of Baggage

Baggage loss can be distressing. Your travel insurance can help you recover the value of lost belongings.

Loss of Passport

If you lose your passport abroad, the policy covers expenses for issuing a duplicate or replacement.

Conclusion

Now that you know the benefits and features of a travel insurance policy, make an informed decision to secure yourself and your loved ones while traveling. Fincover offers a wide range of travel insurance plans from top insurers—covering both domestic and international journeys.

Simply tell us your travel details, and we’ll help you find the perfect policy tailored to your needs.