Planning a trip to Europe? Whether you are traveling for business or pleasure, travel insurance is necessary for getting your Schengen visa. This is because these countries require proof of sufficient medical coverage at the time of visa application.
Apart from being prerequisite for visa application, travel insurance is also a necessity for travelers especially if they need to cope with the expensive medical treatment abroad and also deal with the numerous high costs that might pop up while traveling. With overseas travel insurance, you are protected against risks such as loss of baggage, trip cancellation, personal accident, loss of passport, etc.
Benefits for Schengen Travel Insurance
Financial Recovery for Medical Expenses
Accidents and illnesses can happen any time. If you fall sick on your trip abroad or have an accident that might require hospitalization, then your travel insurance is there to take care of the costly medical treatments in Schengen countries. With travel medical insurance, they can get reimbursement for medical expenses. This includes emergency surgery, diagnostic tests and medical aid suggested by the physician abroad. Additionally, travel insurance also covers personal accident However, you should keep in mind the exclusions of the travel insurance policy. For example: many travel insurance plans do not cover pre-existing medical conditions.
Protection against Trip Cancellation
One of the most important benefits of Schengen Travel insurance is that you get protection against trip cancellation or curtailment. There are many unexpected circumstances that can lead to your travel being cut short. In such as case, you can lose a substantial amount of money. Travel insurance provides compensation for these losses.
Coverage against Unforeseen Losses: Loss of Baggage/Delay of Baggage/ Loss of Passport
There are many things that can go wrong when you are traveling to a foreign country. Loss of baggage or passport are some unforeseen circumstances that can leave you stranded. With Schengen travel insurance you get coverage for loss of checked-in baggage, loss of travel documents such as passport and visa, as well as cover for delay of checked-in baggage including reimbursement for purchase of clothes and toiletries when the delay is more than 12 hours.
Apart from the above-mentioned benefits, travel insurance also offers travel assistance and 24-hours helpline to help their travel insurance customers deal with unfavorable situations while traveling to Schengen countries.
There are a number of general insurance companies offering Schengen travel insurance. The policies may differ in terms of coverage. This is why it is necessary to read the fine print to ensure that the travel insurance policy you choose covers the things you want. Also, you should check whether there is provision for extension of travel insurance in case you need to extend the travel duration. You need to select a travel plan that is not only comprehensive but also fits into your budget. It should be easy to buy the policy and the company should also offer hassle-free claim settlement.
Europe is a dream destination for many people and if you are planning a family vacation, an adventure trip or a honeymoon cruise, Schengen travel insurance will help you keep yourself and your family safe.