Things do not always turn out as planned during a vacation, and you may find yourself in an emergency. When such a situation arises, you will not only experience inconvenience and distress; you may also suffer from certain financial losses, which can come in the form of loss of travel investment, medical fees, or others. One effective way to protect you from these losses is to obtain a travel insurance plan.
Travel insurance only costs approximately 5% to 10% of your total travel investment, and it is definitely worth purchasing. Although it may not come to any use in the end, it can give you complete peace of mind from the beginning to the end of your vacation. If you buy a standard travel insurance policy, you may be covered for medical expenses, travel cancellation or curtailment, emergency medical rescue, and loss and damage of baggage. Certain travel policies offer more extensive coverage, which may include loss of cash and personal possessions, personal liability, travel company default, and medical reunion. If you need special coverage options, you can pay a little extra to add them to your travel plan. You can also request for a higher limit of compensation for any coverage. For instance, if you are going to keep expensive items in your luggage and the original maximum compensation amount is lower than the total value of the items, you can ask for better coverage for loss of baggage.
In the event that an emergency occurs while you are traveling, and you experience a certain financial loss that is covered by your travel insurance policy, you should file a claim with your insurance company as soon as possible. You do not have to wait until you return home to file a claim. If your insurance provider has an online claims form, you can just complete the form and submit it. If you cannot make a claim online, you should give a call to your insurance company, and it will send you claims form by email or regular mail. You have to submit information and documents such as the name of the tour company, the name of the policyholder, reimbursement form, proof of reason, proof of travel and insurance payment, type and amount of loss, and claims number. Different insurance companies have different regulations for filing claims, but normally, you will have up to 90 days to file a claim after a covered financial loss has occurred.
