5 important things to look for in your Travel insurance

Travelling is a costly affair, especially if it’s an exotic international locale. Sometimes the bills force us to cut down on a lot of things. But a crucial thing you should never skimp on is a travel insurance policy.

A comprehensive travel insurance policy will safeguard you against any unanticipated perils that may come on your trip. Be it medical, legal or logistical help, your travel insurance policy will have you covered. Seeing how the market is full of these policies, it can get confusing to choose a single policy for your safety. Here are the 5 crucial things you need to consider, to get the best travel insurance there is:

• Emergency medical evacuation cover: One important element of a good foreign travel insurance policy is emergency medical evacuation cover, which can help you save thousands of cash in emergency. If you’re stuck somewhere in need of help, emergency evacuation will ensure you’re not safe physically but also financially.

• Annual plan or single trip cover: in the past when most people only travelled once or twice a year, it made more sense to have a single-trip insurance policy to cover them. But now that an average traveller goes abroad quite often, especially due to budget airline fares, it is a good idea to invest in an annual plan. If you can’t decide which plan would be more beneficial for you, ask yourself if you will be travelling at least thrice a year. If you are, then an annual plan is a good choice for you and your wallet.

• Personal liability: emergencies have a way of surprising us. Sometimes, we are the victims, sometimes, we are the perpetrators. In the event of accident of mishap involving other people’s property, your policy’s personal liability cover should help you pay for the damage. Otherwise, the cost of third party injury and property damage can burn a hole in your pocket.

• Cancellation: in the event of an unforeseen emergency or accident, where you have to drop your plans and cancel the trip, you should not be worrying about losing a portion or all of your money. Ideally, the cancellation facility should cover your ticket costs. Sometimes even non-refundable costs are also covered in the policy. Have a thorough look at the policy literature before purchasing it.

Baggage cover: Pay careful attention to the policy’s cover given to lost possessions, gear, and documents. Baggage cover is an important element of a good travel insurance policy, one that lets you enjoy the destination in peace.