Is Travel Insurance a Legal Requirement and Why You Need It for Your Travel?

 

You need a Schengen Travel Insurance Policy, as it is mandatory if you want to travel in any of the 26 countries constituting the Schengen continent. Moreover, it is always better to have financial security in case of an emergency that threatens to drain your savings.

While you are not legally required to have travel insurance, the pandemic prompted several countries to add travel insurance to their entry requirements. Some require cover for COVID-19 and other countries require cover for all medical costs. Check the requirements for your destination and any countries you are travelling through so you do not get caught out.

Importance of Travel Insurance: Why You Need It for Your Travel

Travel Insurance is one of the most important investments that a traveller can make when they decide to travel. Travel Insurance assumes particular importance while travelling abroad simply because of the number of risks that it covers. Typically, a Travel Insurance policy covers medical risks, travel risks, and also flight disruptions. If you are wondering why Travel Insurance is necessary, this checklist provides a few insights.

Here are the reasons why Travel Insurance is important and why you need it for your travel:

•        It covers against medical emergencies:

Any Travel Insurance policy covers the cost of medical treatment up to a particular limit. These policies do not discriminate between the types of medical emergencies. It could be any type of medical or accident treatment and the insurance company will reimburse costs up to a particular limit to the mentioned limit. Insurance companies even have a list of network hospitals where you can avail treatment.

•        It covers against risks of travel:

Travel Insurance covers risks during travel such as loss of passport and personal belonging cover, loss of checked in baggage etc. Having these risks covered ensures an additional layer of protection against financial loss. In case your flight is cancelled for any reason (as per coverage terms & conditions), having Travel Insurance will give you compensation up to a particular limit. Without Travel Insurance, these costs would have been a drain on your pocket. By reimbursing such non-refundable expenses, Travel Insurance protects your finances.

•        Covers trip disruptions:

Trip disruptions mean any disruptions that may cause you to cancel your trip or curtail your trip due to any reason. Travel Insurance also provides coverage for bookings that are cancelled, entire trip cancellations either by you or by the tour company among others (As per the policy Terms and Conditions against each cover). Having these risks covered provides a level of compensation.

•        Travel Insurance companies provide assistance:

In case of any problems on your trip, insurance companies provide all types of assistance. Their guidance can help you file your claims in the correct fashion and also help you find a network hospital to get treated. As long as your insurance policy is valid, the company is obligated to help you in times of need.

Additionally, if you are looking for trustworthy and affordable Travel Insurance provider then give it a try Schengen Visa Itinerary. They are offering Flight Reservation for visa, Hotel Booking at your destinations and Travel Insurance for any Schengen visa country.