Travel insurance is an insurance product covering unforeseen losses incurred while traveling, either domestically or internationally. Despite being an extremely beneficial product, due to lack of knowledge many people do not invest in travel insurance.
1. Your flight gets cancelled
Your travel insurance company will give you the money to refund the expenses of a new ticket or to stay in a comfortable hotel
2. You miss your connecting flight
Travel insurance’s assistance services will help you arrange for another flight and pay for it.
3. Your baggage gets delayed or lost
Travel insurance will ensure that you’ll be reimbursed for new clothes and personal items. You’ll even get reimbursed for a suitcase so that you can take your new stuff home
4. You lose your passport
With travel insurance, you’ll have help expediting the process of replacing and paying for a new passport
5. You get sick or injured during your trip
Travel insurance will ensure that you won’t be paying a huge medical bill. You’ll also have assistance services – in your own language – to locate a suitable medical facility and arrange transportation