No one enjoys to ponder about travel insurance when you are planning a holiday. That is for the trip back when you are thinking about the pile of documents that need dealing with on weekdays when you are working.
Sadly, there are hundreds of things which could go mistaken when you are on your travels around the world. And away from home is the last place you want to be when things start to go wrong. Unfamiliar environments can make a bad situation significantly worse, but having proper and appropriate global travel insurance can truly ease the load.
“I never thought it would occur to me” is a phrase you hear a lot in my trade. Luckily, the types who say it to me are the types who grabbed the smart choice to buy global travel insurance anyway.
5 Situations It Would Pay To Have Travel Insurance
You can never be too sure and for that purpose, here are 5 scenarios when your travel insurance company would swoop in to save the day wherever you are out in the world:
1. You have to cancel your vacation for a death in the family
No one can precisely foresee when a loved one will pass away. And with holidays booked months in advance, it’s no wonder that the unexpected often happens and a family is forced to cancel or delay their holiday plans. If you do not have travel insurance though, the losses will be definitely for you to soak up. With global travel insurance, the provider should reimburse you the costs involved so you can rebook at a more appropriate occasion.
2. Your kid is hospitalized after a nasty fall abroad
A child playing in unfamiliar environments is often a recipe for trouble. If your kids were to fall and break bones while on your holiday, a timely and expensive visit to the local hospital will be on the credit cards. While everyone would be happy to pay for their kid’s recovery, it is always easier if your travel insurance company is on hand to pay the bill. Leaving you with more cash to travel around when your kid is able.
3. Your holiday apartment is broken into and your valuables are stolen
There is no concealing the fact that wealthy holiday makers are an obvious target for crime. And holiday apartments often contain rich pickings for robbers. If your belongings are stolen while you are out relishing the sunshine then it can ruin a holiday. Fortunately, appropriate travel insurance can save the day by replacing or reimbursing you for the things stolen.
4. You injure a complete stranger by accident
Suppose you are minding your own business by your hotel’s swimming pool then you bump into someone. Causing them to slip and break their arm. Without travel insurance, you could be held liable to pay damages including their hospital fees. With travel insurance, your personal liability cover will pay for their medical expenses.
5. Your business’ future is in jeopardy after you fall ill
Picture the scene: You are representing the company on some urgent business abroad. And swiftly you fall terribly ill. The company’s future is at stake! Luckily, your travel insurance company can save the day by paying for an early return home for you, with a business associate taking your place. They will pay the travel and accommodation expenses, to boot.
Sure, I understand that the majority of individuals have a delightful time on their holidays and don’t encounter any of these problems. I mean they are not the kind of thing that happens to you on a daily basis. But they do happen. I have seen some claims to prove it! And those are just the stories from the people who have bought global travel insurance. I cannot prove it, but I suspect the number of people who wish they had bought travel insurance for the peace of mind it offers must be a significant figure.
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