What You Need to Know About Travel Insurance

 

Travel insurance:: the term that’s been hanging on everyone’s lips, and even more so since the start of the COVID-19 pandemic. But what is it, why do you need it, and when do you need it most? We answer all of these questions and more with our helpful guide on everything you need to know about insurance for your next vacation in the UAE and beyond.

Simply put, it’s an insurance plan that you take out to protect yourself from specific financial risks or losses that can happen while you are travelling. Whether it’s something small like a cellphone or a major risk like a medical emergency situation that happens while you are overseas, being insured can cover you in an otherwise nasty situation where you are left without any answers or solutions to your financial woes.

Anyone can get the right kind of coverage when approaching an expert in travel insurance like Allianz Travel. It’s important to consider what you would most need coverage for: we recommend getting insurance coverage for unforeseen incidents like medical emergencies.

Typically, your insurance company will reimburse you for financial losses you have coverage for once you submit an insurance claim and provide the information required. You will need to submit proof of your financial losses to the insurance company, and once approved, you’ll receive your reimbursement.

For example: you have fully paid for an upcoming trip and are diagnosed with a serious medical condition shortly before your departure date. The airline you have booked tickets with tells you there will be cancellation charges involved, or your ticket cannot be refunded at the last minute. Instead of losing all the money you’ve invested, you can be reimbursed for your travel expenses once you’ve filed a claim and been approved.

If the above situation hasn’t made you think twice about getting insurance for your upcoming travels, we can think of a few more reasons! Being able to have peace of mind in knowing you have insurance coverage for an unexpected accident, loss of baggage while overseas or hospitalisation in a foreign country are some of the main reasons why many travellers from all parts of the world choose to get insurance for their travels.

Here are a few reasons why:

• Losing a travel investment is not something everyone can afford: whether it’s a magical honeymoon getaway or your first solo trip abroad, travelling is an expensive affair. Booking a cruise or other international vacation is always exciting, and losing the money you’ve worked long and hard for is a soul-destroying experience. Whether you fall ill and physically cannot travel or encounter a different reason which you have been covered for, having insurance for your travel experience can save you money - literally.

• Getting sick overseas is expensive: many foreign medical facilities will require you to pay cash upfront for medical assistance, placing you in a difficult financial position. From a freak car accident that leaves you with broken bones to having to be flown via helicopter to the nearest hospital, medical emergencies are expensive locally, and even more so overseas. Getting the right insurance that comes with emergency medical benefits will ensure you are looked after for covered dental and medical emergencies while you are travelling. Having emergency medical transportation benefits will also cover you in the event of having no one to transport you to the nearest medical facility or take you home after an emergency hospital visit.

Allianz Travel has over 30 years of experience in offering first-class services and products to tourists from around the globe. Our global headquarters are based in Paris, but we also have regional offices in more than 28 countries worldwide. Allianz Travel  is the largest travel insurance and assistance company in the world, providing end-to-end insurance solutions to travellers who are trotting the globe.

Are you ready to plan your next trip overseas? You’ve come to the right place. If travel insurance is what you require, look no further than Allianz Travel. Get in touch today to learn more about our products and services.