What is travel insurance?
Travel insurance is an insurance facility that is based on short-term needs of travelers. It covers travelers against emergencies and expenses related to their travel. Frequent travelers know the value of travel AXA Insurance site They tend to buy it whenever they are visiting certain countries. Imagine traveling to a distant country and falling sick while there. It can be expensive or impossible to get adequate medical insurance from your destination. You may go broke getting treated in some developed countries, especially if paying in cash. Some countries require you to have travel insurance before you travel. It is usually affordable.
Like any other product, travel insurance has some benefits and extra coverage known as extensions. Travel insurance kicks at the moment you purchase it and are within the territory you are traveling to. Even when the plane you are in or vehicle you are traveling to is moving towards your final destination, as long as you are within the territory you will be covered. For example; if you bought travel insurance for European zone, you will be covered the moment your plane crosses any European country. Even if it crashes, you are still covered. Your beneficiaries will receive compensation.
If you purchase travel insurance, any problem that occurs before or during your trip will be covered. As long as the risk you are facing is covered by the insurance. It is advisable to contact the claims department of the insurance company. They will then guide you on the way forward. The risk that may arise during your travels are but not limited to;
? Loss of baggage
? Loss of money and personal documentation
Travel insurance can be segmented into the following;
? Domestic travel insurance
Covers you when traveling within your residence country. They are affordable but have limited coverage. It is highly recommended to take them up when going on a road trip or camping. As long as you are visiting a volatile area. If you are a foreigner in your host country, you can check with your embassy on travel advisory to your destination. This will guide you on the purchase.
? International travel insurance
Covers you when traveling to a country outside your residence. It is vital to get all the information you need concerning coverage in certain continents like Europe and Asia. Especially on medical insurance.
Here is how to evaluate medical insurance that comes with your policy;
? Check on the hospitals you can visit in the destination country. Check whether they are near where you will be staying or traveling around.
? In case of an emergency, check for the procedure of contacting emergency services. What does the insurance company recommend?
? If you contract a disease on your way back, will it be covered in your country of residence?
Travel insurance is very important. Never travel without a cover.