Are you planning on travelling anytime soon? Maybe you’re going on a business trip, visiting someone, or trying to enjoy that long overdue vacation? You sure would love a seamless journey and stress-free trip. To ensure this, you need to back up with travel insurance.
A lot of people feel travel insurance is of no use and a waste of funds. Since they’ve always been in great shape and have a good health history, this is because they do not fully grasp how and why they need this kind of insurance.
In this article, you’ll understand why you should never plan or go on a trip without securing travel insurance.
Travel insurance is a plan purchased to protect you from certain financial risks or other losses that you may encounter while travelling. These losses range from delayed departure, loss of luggage, trip cancellation, or a need for medical attention during the duration of the travel.
What are the types of travel insurance?
There are majorly two types:
1. Local travel insurance
This insurance exists as a policy to cover travellers on any journey within the country. Whether you’re moving by road in the famous luxurious buses, taking a local flight, or even using one of the oldest means of transportation in Nigeria, the train. This insurance ensures that you’re covered and reimbursed.
2. International Travel Insurance
This Insurance offers protection to travelers overseas for the same purposes it does with local travel insurance. The only difference is the changes in borders. Majority request Schengen travel insurance.
How to get Travel Insurance in Nigeria
- Use the google search engine to compare plans. There are several insurance companies selling travel insurance in Nigeria
- Compare plans side-by-side including the cost to find the best insurance plan for your trip.
- Select an insurance plan.
- Pick up an application form to enter traveller details and trip information. Please note that you will need the ages of all travellers
- Study the terms and conditions of the insurance plan carefully before making a commitment.
- You can make payments either through cash or credit card payment details.
- A confirmation will be sent with the policy certificate for your attention and safekeeping.
How does travel insurance protect you?
This type of insurance plan protects in the following ways.
Medical emergency: No medical emergency foreseen, there have been notable cases of travellers needing medical attention while journeying and even during their stay.
If a traveller were to require hospitalization while on their trip, this type of insurance covers up for the individual based on the agreement of the policy, in rare cases where the death of a traveller occurs, and repatriation is needed, a travel insurance plan covers this too.
Loss of baggage: This is straight to the point. When loss of luggage occurs, your insurance policy covers up and is responsible for reimbursing you for the loss of your luggage.
Trip Cancellations: If you had to cancel your travelling plans for whatever reasons, your insurance policy compensates you for the cost of the ticket and other reservations made. All of these are based on terms and agreements drawn in the insurance plan.
Why you need travel insurance
Simply put, it is mandatory. Asides from the obvious reasons stated in this article, A travel insurance policy is a compulsory law for travellers. There are cases where visas have been denied at the point of entry because travellers failed to show any form of insurance protection.
Things you should know
Its benefit varies by plan. It would be best if you opt for a policy that suits your needs, budget, and travel plans.
Not every situation is coverable.
This insurance is designated to cover unexpected events, such as urgent medical emergencies, loss of baggage, and in worst-case scenarios, death.
So while you’re planning your next voyage, ensure you do so with a travel insurance policy and enjoy that trip rest assured that you have a contingency plan in place should things go south. Bon Voyage!
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