For those who think travel insurance is pointless, it isn't and here is how you should shop for one!
Travel insurance has many facets. Most of these go ignored as people tend to underestimate the importance of travel insurance. Someone who thinks he is healthy rejects the possibility of unforeseen circumstances that may cut his trips short or forcing them into an early retreat. But how do you choose a good travel insurance package? Here are a few features your insurance must provide!
Coverage Limit – Make sure the coverage limit provided by your company is large enough. But, do not opt for coverage too high. Even air ambulance transport, if required in case of an emergency, isn't going to cost a fortune. Be realistic; find a middle ground that is not too heavy on the pocket and is reasonably high to cover any emergencies, accidents or other travel medical assistance you may require.
Emergency – It is absolutely essential that your policy covers for emergency evacuations. And the premises of evacuation should be flexible whether it is a foreign country, international waters, or the middle of a street to the hospital. Working with medical transport companies will be much easier if you are insured.
Geography – A good insurance package will cover most countries on the global map. For all the different rules and regulations beyond local borders, your policy should fall within the criteria of most.
Coverage of Other Losses – Whether it is stolen personal items, losses incurred as result of cancellations, or any legal expenses incurred as per the local laws your insurance package should be able to compensate for this unplanned expenditure.
Cover the Unexpected – Company shutdowns, regional strife or any other unexpected development likely to hamper your travel plans or inflict upon you damage that could not have been foreseen should be covered under travel insurance.
