Travel insurance is an essential aspect of planning your trip. It is a financial instrument that compensates and reimburses for any cost incurred due to an unforeseen event or emergency. The scope of this traveller insurance policy is called the policy coverage. You can also increase your travel insurance coverage with add-ons.
Add-Ons In Travel Insurance
An add-on refers to an optional cover or feature that offers coverage over and above the standard or base policy coverage. This feature broadens the scope of the travel insurance policy by allowing you to add various optional coverage services to your policy.
You can add these optional coverages to your short or long-term travel insurance plan, and you can also add as many travel insurance add-ons as you like. However, it is important to note that add-ons come at an additional cost. So adding them to your policy will increase your overall premiums.
Essential Travel Insurance Add-Ons
● Adventure Sports Coverage
Adventure sports coverage is for more adventurous travellers who love to go that extra mile. These adventure sports include bungee jumping, scuba diving, parachute jumping, paragliding, skiing, mountaineering and mountain bike riding.
Participation in these sports increases the risk of accidents and medical emergencies. Your standard travel insurance will not cover the injuries and expenses caused by these sports, but your adventure sports travel insurance add-on will.
● Rental Car Coverage
Renting a car during your travels is very common nowadays. Renting a car, though, comes with multiple responsibilities. You have to be a legal driver, follow regional traffic rules, safeguard the car and return it in the same condition as you rented it.
However, there is a high probability that you might have an accident and cause damage to the car. Rental car coverage add-on in travel insurance offers financial compensation for the car’s repairs and replacement expenses.
Since the repair and replacement costs can be really expensive, this travel insurance add-on is a life-saver.
● Terrorist Attack Coverage
We live in a highly unpredictable world where political and social disputes are readily available. Some travel destinations are highly prone to hijacks, terrorist attacks, riots and political unrest.
Such events can lead to extended stays, injuries or many other emergencies. The terrorist coverage travel insurance add-on offers coverage for trip cancellation, interruptions and medical coverage in such cases.
● Natural Disaster Coverage
Natural disasters and expenses related to such calamities are not covered under a standard policy. Some travel insurance policy providers offer this add-on to your policy.
This travel insurance add-on ensures that you are protected on your trip from events like earthquakes, cyclones and floods. This allows trip cancellation, trip delays, medical evacuation and additional accommodation.
● Pre-Existing Condition Coverage
Pre-existing health conditions are usually listed in the exclusions of your travel insurance policy. This is a highly valuable add-on that offers medical coverage for existing health conditions that might flare up while travelling.
You receive financial coverage for medical attention, treatments, medications and hospitalisation under the pre-existing health conditions travel insurance add-on.
● Dental and Vision Coverage
Dental and vision treatments are common exclusions found in most standard travel insurance policies. However, dental and eye treatments are very expensive and can cost you a ton without any medical coverage from your insurance policy.
With dental and vision coverage added to travel insurance, you receive adequate coverage for your treatments.
● Emergency Cash Assistance Coverage
You might need immediate cash, due to a stolen or misplaced wallet. It can be a daunting situation to manage cash in a foreign land. Fortunately, your travel insurance offers an add-on that provides emergency cash assistance, ensuring you have access to funds to cover your essential expenses.
Every insurance company offers different add-ons in travel insurance. It’s recommended that you buy a comprehensive travel insurance policy from a reputed and reliable provider, like TATA AIG if you want complete and all-around protection during your trip.
Conclusive Remarks
Choosing the right travel insurance is important, but adding these essential add-ons to your policy is even more important. Whether you are travelling for a leisure trip, business trip or a family visit, you need to have the necessary financial protection.
With the abovementioned riders and add-ons, you receive adequate and satisfactory coverage. Good travel insurance add-ons serve to enhance your trip experience and facilitate a stress-free vacation, so pick the best ones.
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