Travel Insurance is short-term insurance that provides financial protection against the risk of travel-specific emergencies and concerns such as flight cancellation, medical expenses, loss or theft of luggage/passport, accidents, etc.
Travel Insurance is extremely important in case you want to reduce the risk of being stranded in an unknown city.
The following are a few scenarios where it is imperative to buy an
international travel insurance policy :
- When you are travelling to a place where there is a high probability of you falling sick and/or the medical costs are exorbitant.
- When you are travelling with extravagant baggage or extremely important or sensitive documents.
- When you are travelling to a place that is high on risk, e.g. political animosity, terror attacks, etc.
Apart from these situations, there is high probability of a person missing out on his connecting flight, getting robbed or falling sick. In such scenarios, Travel Insurance is extremely essential considering its minimal cost and wide coverage.