Are you someone who is planning to go on a trip? If yes, then there are things you should consider before it. The risks of unwanted, unhappy accidents are more likely when you are abroad. Therefore, it is best to be prepared. Luckily, we live in a time where travel insurance exists. An insurance policy is a legal agreement between an insurer and holder that covers damages falling under the terms and conditions of the bond.
You might have heard of car insurance, home insurance, life insurance, and many others. Another popular genre of it is travel insurance. This kind of insurance is suitable for anyone traveling to a foreign land for a solo or peer trip. People are now inclining towards getting visitor insurance to avoid unseen damages and liabilities.
Travel insurance is a great way to safeguard ourselves from sudden financial loss due to injury/damage. Visiting a new country can be fun and overwhelming at the same time. Travel insurance helps you boost your confidence under such circumstances as you have someone having your back all the time.
Is Travel Insurance Mandatory?
Travel insurance is becoming popular to an extent that around 34 countries have made it compulsory to have it before foreign travel. These policies are encouraged because they are an easy way of avoiding financial problems because of a medical emergency, accidents, loss of luggage/passports, liability for property damage, or bodily injury.
Even if you don't want to have travel insurance we still recommend it because it will save you from future crises. It serves as a reliable source of financial support in foreign lands. It also saves visitors from unwanted damage and loss of various kinds.
List of countries that have made travel insurance mandatory
Following are the countries that have made insurance compulsory before travel:
● Cuba
● The United States of America
● The United Arab of Emirates
● Schengen Countries. It is a group of 26 countries in Central Europe.
● Ecuador, which includes the Galapagos Islands.
● Antarctica
● Qatar
● Russia
● Turkey
Is the insurance worth it?
We understand if you are still being double mind about the benefits of an insurance policy abroad. You are probably even thinking that you are going to have a safe and sound trip and we hope for that. However, what will you do if that doesn’t happen? You would not want to be stuck in a foreign country financially and under problems. So, it is always better to play your cards safe.
Make sure you invest some time in selecting the right travel insurance for yourself to have the financial freedom to travel and explore. People are buying travel insurance for visitors to Canada too because doing so will bring them the following benefits:
Medical Coverage
Travel insurance also provides the insurance holder with complete medical coverage. You will not need to worry about getting sick, getting into an accident, or having any bodily problems because the insurance will cover you as per the policy of the agreement.
Cost of Cancellation
Life can be unpredictable and many times people cannot go on their trips because of an avoidable problem. The insurance policy will aid you in these circumstances because it will cover the cost of your tickets, hotel reservations, and other essentials.
Loss of Passport
One of the worst things that a traveler can encounter is losing their passport on the trip. The insurance company is liable to arrange an emergency amount to help you issue a new visa immediately.
You probably get a good idea of why it is essential to be prepared for a rainy day on foreign trips. Make sure you visit professional insurance companies to choose a travel insurance policy that works best for you.
