When Is the Best Time to Buy ?

Without a doubt getting is one of the most crucial aspects of your vacation plan. It is your back-up plan when everything goes wrong. Comprehensive insurance is the most complete policy since it covers everything from hospital bills to ambulance transfers and even the costs for missed flights and lost luggage.

Common Dilemma

Here’s a common question a lot of people ask when it comes to buying : when should they buy it? Some believe that your insurance policy begins on the day you buy it (even if it is before your day of travel) or that it only begins on your day of travel. Because of this confusion a lot of people wonder whether they should buy insurance before their departure date or on the day itself. So what’s the real deal and when is the best time to buy ?

To answer this issue you have to look at two different aspects: what your insurance policy covers and when it takes effect. The best insurance is comprehensive because it covers every aspect of your travel, as discussed above. It will cover both medical issues and monetary issues (lost luggage, cancelled flights, and missed flights). When you get these types of insurance policies they usually take effect on the day of travel.

This means it is always best to buy insurance before your travel date and on the same day you book your flights. It is always best to book your flight and then immediately buy policy. You will want to do this so that you are covered in case you missed your first flight or if you get hurt during your travel. However, while this solves the immediate question, you still might be asking: how about the circumstances wherein something happens to you the day before your travel?

Coverage Prior to Your Travel Date

So what if you bought your tickets and insurance two weeks before your flight and now you got into an accident? How are you going to cover this incident and who’s paying for the expenses? The thing is, it won’t be your . Instead, it will be your regular medical health insurance, life insurance, and other personal insurance policies that you already have.

Your coverage begins and ends during your time of travel which goes from the day of your departure to the day of your arrival back home. Any other incident that occurs outside of that time frame will have to be covered by other insurance policies that you may have.

So going back, the right time to buy is on the same day you book your flights because this is more convenient and also because it protects you in case of missed flights or lost luggage. But your does not cover you before or after your travel period, which also underscores the need to have other insurance coverage to ensure you and your loved ones are protected any time, any day.

Planning for Overseas Holidays? What About ?

Holiday season is on the cards. So, are you going to travel abroad this time? If yes, then do not miss in any case. The rates have gone dirt cheap and you can easily get a good level of coverage at the payment of a few hundred rupees. Yes, that’s true.

Sample this: A plan of USD 50,000 for a trip to Australia, Belgium or Malaysia can be taken in just Rs 397. Royal Sundaram, India’s leading general insurance company, is providing this facility at such a low cost.

The rates of premium are more or less the same for several countries other than the United States (US) and Canada. But even for the US and Canada, you can get a plan of USD 50,000 in just Rs 600.

If you double the coverage to USD 1,00,000, you just need to pay Rs 150 extra. That’s the kind of benefit, general insurance companies are providing to you these days.

Thanks to the highly competitive yet healthy environment created by the Insurance Regulatory and Development Authority of India (IRDAI) that general insurance plans in India have become so affordable.

There was a time when travelling to foreign countries was so mind boggling. Many countries are notorious for theft and loot. People lose their luggage during the travel and end up facing several issues.

But with , you can easily secure yourself and your belongings. The peace of mind comes with a cost and that cost has gone negligible. So, why to ignore it and travel without insurance?

There are incidents wherein people have lost their laptops from their side. Recently, a sales director of a consulting company was travelling to Switzerland lost his bag carrying expensive camera, cash, etc. from the airport. That was truly shocking to him. The bag could not be traced by the airlines and the police, and he had to suffer a loss to the tune of Rs 1 lakh. Alas, he did not buy this time.

Every time, he bought and since nothing unfortunate happened, this time he decided to save some money and forget about insurance.

This can be tempting to a lot of people. But remember that unfortunate incidents do not come calling. You have to stay alert and conscious. There are many things, which are not under your control. Loss of baggage is one of those risks. Thus, it is advisable to take general insurance each time and every time. There should not be any second thought about it.

Especially, during the holiday season from March to September, airports deal with excessive number of people and things tend to go wrong. You may be lucky sometimes but even if something happens even a single time, then several times of what you saved by not buying can be lost in a few moments.

It is better to be pound wise and penny foolish, than the other way around. Isn’t it?

These days, all online travel portals offer you plans on buying tickets from them. But no worries, in case you skip buying it from them or buy through any other mode. You can buy plans online, in a few minutes. It is very easy and fast. You can even buy it at the last moment – at the airport or from within the cab while travelling to the airport.

Options for Traveling Abroad

is just one of things that are necessary when traveling abroad. can be a very practical solution to providing protection for unexpected emergencies while traveling. This type of insurance protects your investment and allows individuals to travel with peace of mind. There are several options available for going abroad depending on the length and type of trip. Travelers can easily compare plans from leading providers, receive quotes and purchase a plan instantly. can insure against unexpected illness, injury, employment loss, luggage loss and more.

It can provide coverage for Trip Cancellation and Trip Interruption. This insurance provides coverage due to unforeseen illnesses or death. Pre-departure trip cancellation insurance provides protection in the event of the traveler having to cancel flight or hotel reservations due to an immediate member of the family’s death or illness or other covered events. Trip interruption insurance provides benefits if the traveler is unable to continue the covered trip after departure due to covered events. As an option, there are companies that also provide policies that cover cancellation for any reason.

Another option available for travelers insurance is for medical emergencies. This type is beneficial particularly when visiting abroad. Insurance for medical emergencies will provide coverage for doctor visits, medication and even evacuation for medical emergencies. This is particularly important for individuals with chronic conditions or those traveling to underdeveloped countries. Travelers may also have the option of insurance that will provide coverage for tickets that are not refundable and the trip has to be cancelled. Some insurance will even cover missed flights, which can be, a life saver due to delays and overcrowding.

Baggage protection is another type of insurance available. This type of insurance covers direct loss, theft, and damage of your luggage during the covered trip. Travel Accident Protection is another insurance choice that is available. This type of insurance provides coverage for accidental death and dismemberment. This type of insurance provides protection if the traveler is injured in an accident and suffer a loss while covered under this type of plan. A comprehensive plan is a great option and a very popular choice for vacationing abroad. This option can provide a wide range of insurance coverage and may even allow travelers to choose what options to incorporate which is why it such a popular choice.

There are several types of companies that offer insurance for travelers. Most travelers prefer to purchase this insurance directly from agencies or companies. It is also offered by most companies that offer tours as they generally offer insurance to their clients. Major cruise lines as well offer the option to purchase . Cruise line operators usually offer a host of plans to travelers when they schedule a cruise. Travelers can purchase insurance from a travel agent which is very convenient to purchase travel and insurance in one place.

Once you think about the high price of travel and the low price of insurance, this type of insurance is a very reasonable investment. There are plenty of things to worry about when traveling but by protecting your vacation plans with affordable traveling insurance, unforeseen events do not have to be one of them. Since it is not possible to foresee what may happen during travel, a insurance plan is a great value. can slash your losses in numerous situations.