Unveiling the Truth: Debunking 7 Common Travel Insurance Myths

Travelling has become more accessible for people around the world. With airlines offering tickets at low rates, unconventional destinations getting preferred over popular ones, and more travel agencies popping up have changed the travel industry. With this changing trend, travel insurance online has also become an essential component of any trip, offering protection and peace of mind for travellers. However, there are several misconceptions and myths surrounding this insurance that often leads people to underestimate its value. In this article, we will debunk seven myths related to the policy and shed light on the importance of securing adequate coverage for your journeys.

Travel Insurance Myths Busted

As more and more people have begun travelling domestically and internationally, the need for travel insurance has been highlighted more than ever. Due to a lack of knowledge and understanding, it is easier to fall prey to myths and misconceptions surrounding travel policies. It is important to bust such myths and educate travellers about the benefits of travel insurance. Listed below are 7 myths and facts related to this policy.

Myth 1: "Travel insurance is unnecessary; nothing will go wrong."

Reality: While we all hope for smooth and problem-free trips, unforeseen events can occur at any time. This could include suddenly falling sick which could require hospitalisation, getting injured on the trip or losing your baggage. Travel insurance acts as a safety net, protecting you from unexpected medical emergencies, trip cancellations, lost baggage, and more. It is better to be prepared than to face substantial financial losses or stress during your travels. Claims are subject to terms and conditions set forth under travel insurance policy. *

Myth 2: "I already have health insurance, so I don't need travel insurance."

Reality: While your existing health insurance may cover medical expenses within your home country, it may not extend the same coverage internationally. Health insurance policies are bound by jurisdictional limitations. You might not be able to enjoy the medical benefits that you would, generally, in your home country. On the other hand, travel insurance provides comprehensive medical coverage, including emergency medical evacuation, which can be expensive without insurance. It is crucial to ensure you have the necessary coverage while travelling abroad. Claims are subject to terms and conditions set forth under travel insurance policy.*

Myth 3: "Travel insurance is too expensive."

Reality: The cost of travel insurance varies depending on factors such as trip duration, destination, and coverage options. However, when compared to the potential financial losses incurred from trip cancellations, medical emergencies, or lost belongings, the cost of travel insurance is generally reasonable. It is a small investment for the protection and peace of mind it provides throughout your trip. Claims are subject to terms and conditions set forth under travel insurance policy. *

Myth 4: "My credit card provides sufficient travel insurance coverage."

Reality: It is true that credit cards offer limited travel insurance benefits such as medical coverage, compensation for trip cancellation, and loss of baggage, the number of banks offering these facilities are limited. Additionally, most of these cards are in the premium range, making their eligibility criteria tough to match.  Thus, it is important to opt for travel insurance online to secure your trip with all-round protection against any unwanted mishaps. Claims are subject to terms and conditions set forth under travel insurance policy. If your credit card does offer travel insurance, it is important to contact your bank and discuss the coverage offered by the card.

Myth 5: "Travel insurance only covers trips abroad."

Reality: Travel insurance is not limited to international travel. If you are planning a domestic trip within India, you can always opt for the domestic travel insurance policy. The policy is beneficial for domestic trips, especially when it comes to trip cancellation or interruption coverage. Even within your home country, unexpected events can occur, forcing you to cancel or cut short your trip. Travel insurance can help recoup your non-refundable expenses and provide support during unforeseen circumstances. Claims are subject to terms and conditions set forth under travel insurance policy. *

Myth 6: "I don't need travel insurance for short trips."

Reality: The duration of your trip does not determine the likelihood of unforeseen events. Accidents, illnesses, or travel disruptions can happen regardless of the trip's length. Even on short trips, travel insurance can provide coverage for medical emergencies, trip cancellations, or lost baggage. It is always wise to have protection, no matter the duration of your journey. Claims are subject to terms and conditions set forth under travel insurance policy. *

Myth 7: "Travel insurance covers all pre-existing medical conditions."

Reality: Travel insurance policies may have specific guidelines regarding pre-existing medical conditions. While some policies offer coverage for certain conditions, others may exclude them altogether. It is essential to disclose any pre-existing conditions when purchasing travel insurance and carefully review the policy to understand what is covered and what is not. Claims are subject to terms and conditions set forth under travel insurance policy. *

Conclusion

Debunking these common travel insurance myths highlights the importance of adequate coverage for your trips. Travel insurance provides crucial protection against unforeseen events, ensuring that you are prepared for them and are financially covered by the burden they cause. Before you zero down on a policy to purchase, make sure you compare travel insurance policies from different insurers to buy the one that suits your needs.   *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.