Question

Explain the significance of travel insurance for a traveller.

Answer 1

Answer:

by taking out travel insurance you are essentially covering yourself against travel risk such as lost or stolen luggage, cancellation cover like medical reason and most importantly, unexpected medical cost abroad.

considering that the cost of a small medical emergency abroad could deplete one entire holiday budget it offers you please of mind something routine, like a visit to a GP in the UK, could cost you upward with Hospital bills easily running into the Millions. travel insurance also provides a level of protection against currency fluctuation as although once policy is paid for in local currency, all claims are included in foreign currencies.

a comprehensive travel insurance policy will provide you

• emergency medical cover
• losses incurred due to unforeseen cancellation or having to cut your trip short
• death and disability cover
• personal liability cover
• luggage khabar