It is exam time now, and soon it will be time for holidays. And as temperatures soar, many of you may go to cooler climes abroad for a vacation. Of course, you have a checklist to make sure your holidays are memorable but that checklist is not complete without travel insurance. A travel insurance policy covers you in case of unforeseen circumstances such as medical emergencies, flight delays and baggage losses. Here is what you must know about these policies.
The cover
A large part of the standard travel insurance policy is about covering health insurance and personal accidents . A typical overseas travel policy would cover emergency hospitalization and pay compensation against accidental injuries. Other than these, it also covers flight inconveniences and pays a predefined compensation against events such as trip delays, cancellations, baggage loss and loss of passport. It also gives you third-party covers to insure you against damage to life or property caused to other persons.
