Advantages Of Buying A Travel Insurance Policy Before You Go On A Trip

Travelling to unknown destinations, especially abroad can come with a lot of unforeseen circumstances. It is always beneficial to stay protected against such scenarios before setting out. Availing a Travel Insurance policy from reputed NBFCs like Bajaj Finserv is one of the wisest steps that you can take before planning a trip.

The various advantages that such schemes offer are -

1. Medical emergencies

If you are suffering from existing disease, you should avail a travel insurance before you plan a trip. It will cover costs that you may require to avail the treatment. Also, if you fall ill unexpectedly during a trip, such policies will cover all your related expenses.

2. Trip cancellation

Several circumstances may arise when you are required to cancel your trip. You can incur a substantial loss as you will be required to cancel your travel bookings, including hotels and flights. An insurance plan can help you in such scenarios as you will be entitled to avail coverage on cancelling travel bookings midway or before the start of a trip.

3. Bounced hotel bookings

There may be instances when a hotel cancels your booking due to high demand. You might be required to book another hotel at the last minute at far higher prices. Such expenses can induce financial constraints as they are not calculated within the trip budget. A travel insurance scheme comes handy in such situations. You will receive coverage against cancelled hotel bookings.

4. Roadside assistance

Your trips may also include hiring a car for local sightseeing. There can be a plethora of hassles that can arise during such circumstances like break down of your vehicle in a remote location. You can easily avoid such instances by opting for an insurance policy. You can receive roadside assistance at over 500 locations across India with such policies.

Travel insurance schemes are highly beneficial for regular travellers. Also, they offer financial assistance if you are stranded while on a trip.

Read Also: Advantages of Booking Travel Insurance in Advance

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