When travelling on holiday or business, a minor sickness or accident can become a major expense, whether your plans include a trip outside your country or within your country, having travel insurance will go a long way toward ensuring you enjoy your time away.

It can be arranged at the time of booking either to cover the exact duration of the trip or an unlimited number of trips within a set time otherwise referred to as a multi-trip policy. Some insurance policies offer lower and higher medical-expense options; the higher ones are mainly for countries that have high medical costs, such as the United States.

Don?t forget that it is compulsory to obtain a travel insurance before visiting any of the Schengen countries, in fact it is one of the major criteria at the embassy. Travel Insurance covers medical, financial and other losses incurred while travelling outside the country of residence. It also covers all travelers going for holiday and business purposes in the event of accidents, sickness or property loss. It provides cover for travelers up to age of 70. So, whatever destination you are going to and regardless of the airline you are flying, you have to insure your trip.

What you stand to gain when you buy travel insurance

  1. Medical Expenses: It covers any medical treatment you require during your visit or stay in a particular country and also any emergency repatriation costs if you?re not feeling too well to travel home. It will also cover any unexpected or unforeseen expenses.
  2. Trip cancellation expenses: Travel insurance plan helps you save some of your money in case you cancel your trip, but you have to get yourself covered properly from the point of the planning process.
  3. Recoveries: With travel insurance you can recover your loss or stolen item.
  4. Death:If an accident should occur, the insurance policy will cover the sum for that eventuality provided you are covered by the insurance policy.