Is Travel Insurance Worth it or Not?
Europe was always my dream place to visit, some of them had my special attention because of some certain places and thrilling adventures they have. Russia, Spain, France, Germany, Ukraine are top on the list.
Basically, I would love to have a world tour but would not entertain continuous travelling and hence, it might sound hilarious but having a world tour in bits and pieces will be more comfortable not only for me but for you as well.
France, definitely each and every person’s goal. Paris, the city of love and romance and lights is a breathtaking place. The more I read about it, the more I fall in love with it, though this is my next place to visit and am very much excited about the same.
Every country, every city has its own speciality and different culture which make us so curious that any way we want to discover that place and same goes for Paris. This city is famous for its fashion, cuisine, art and architecture.
Eiffel tower is the main focus of Paris. The view from the tower which is 324 meters high is not only magnificent, thrilling and sensational but provide you with the peace to keep you calm with its beauty as well.
So, the moment I lead my foot on its land is going straight to Eiffel tower!
Disneyland is one of the best places to have adventures. It provides you with the exciting and utmost adventures that you as a thrilling individual are looking forward to.
It for sure is the place to explore and discover.
Montmartre, Cruise on the Seine, Champs Elysees / Arc of Triumph, Louvre Museum, Notre Dame Cathedral, The Latin – Luxembourg park, Moulin Rouge and many other places are must visit as well.
There are always some or the other things that could go wrong, and believe me no matter how meticulously you plan your holidays into a vacation but these things are bound to happen.
You cannot let them not happen but instead the ball is in your court to correct them, so focus on that rather than being affected by the blue day and that’s where the part of travel insurance comes, to get you out of this vicious circle of anxiety, nervousness and assumptions which disappoints you in a way that deteriorates your situation.
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I can only provide you with information and knowledge, am no one to comment if travel insurance is worth it or not instead you are to conclude your take on it.
Travel Insurance can make those kinds of situations more or less traumatic for you by providing some financial assistance.
These payments might not be used to some extent but in situations like your luggage being lost or you have had some injury and need some medications in time like those these payments will only turn in investments for you.
Let’s see two cases related to it and the worth of travel insurance will be clear to you in terms of investment.
In case 1 the traveller was naive and hence got indulged into paying the cost of INR 50,000 from his own pocket whereas in the 2nd case traveller was smart and properly understood the worth of travel insurance which did not even cost if a penny. Who is clever from your perception?
Travel insurance is worth it when they are consumed or used more than the payment made for it. In other simple words, in case 2 the payment made for travel insurance was INR 3,000, however, cost incurred due to the unexpected incident was INR 1,00,000, this how the consumption of money was more as compared to the paid amount. And that’s the most probable case when feeling satisfied. Isn’t it?
Obviously not about the incident but about the worth of travel insurance that added to our vale. Wink, wink! You are a frequent traveller due to your business?
Not a problem. There are some insurers which provide multi-trip insurances to businessmen or other people so that you can save some money.
Generally, there are two types of travel insurance services provided:
1. Cancellation of the Trip:
This service is being provided in order save you or cover your lost bags and to reimburse you due to loss of connection because of some technical issue or if you are not able to fly or travel because of some personal or health problems. With this, you get a sense of security regarding the money you have spent will be reimbursed or not.
And sometimes we even think that it was not justified for us that due to some natural problem we weren’t able to go ahead with the vacation even when we have paid a huge amount. I know this is absurd but some of us do think this way. Even I do! So through this method, we can easily be reimbursed for the money spent when travel insurance for cancellation of the trip is being taken.
2. Comprehensive Travel insurance:
This kind of service is way more than worth it. It covers all the cost and extra expenses incurred by us because of unexpected incidents. Be it medical or some other reason for the cost to get increased it will help you with that and will provide you with financial services which are needed by you. In colloquial language, it is basically the summation of two services: medial and travel.
This kind of service is way more than worth it. It covers all the cost and extra expenses incurred by us because of unexpected incidents. Be it medical or some other reason for the cost to get increased it will help you with that and will provide you with financial services which are needed by you. In colloquial language, it is basically the summation of two services: medial and travel.
In the 1st scenario, there is no such travel insurance made by you whereas 2nd situations contain a totally opposite scenario. Now how would it feel due to some unhappening, you lost your luggage or let’s say some documents one of them being your visa or passport. That itself is a big problem and hence your cost will be added by some extra costs, oh no wait actually that would be a huge cost addition.
So, from 1st one, you obviously cannot receive the money back whereas had you chosen the 2nd option, your extra costs would have returned to you which was made in the form of investments for these type of circumstances only.
Now you decide is travel insurance worth it or not!