Why it is important to take out travel insurance

Publish date 07 October 2016
Why it is important to take out travel insurance image

When a person is about to travel, the last thing he thinks about is the health risks. We usually tell ourselves that "whatever is going to happen, will happen", we knock on a tree, turn around (in both directions), cross ourselves several times (just in case) and leave satisfied, as if we had saved ourselves before. So when an accident happens or an unexpected illness occurs, we feel like a gambler who has lost everything because he only bet on one number.

To prevent such moments, which can disrupt the rhythm of our holiday and significantly affect our financial situation, it is good to consider betting on a little more numbers. One way to minimize the negative consequences of such events while we are on the road is to take out travel insurance.

We have all heard about this animal, called "tourist insurance", but most often we pass it by with the same disinterest with which, as a Bulgarian politician, he passes a protesting citizen. And we feel deceived when we have to resort to medical services, which are very, very expensive, especially abroad.

Travel insurance provides peace of mind when traveling in Bulgaria or abroad and is a support in the event of any unforeseen situations. The risks that travel insurance covers usually depend on their purpose, but the coverage is generally the following:

  • covering any medical expenses incurred as a result of an accident or acute illness;
  • providing in case of permanently reduced possibility for active working capacity as a result of an accident during a trip;
  • covering any costs of rescuing, transporting and repatriating the victim as a result of an accident or acute illness;
  • in case of death as a result of an accident;
  • covering the value of personal luggage as a result of burglary, armed robbery or loss (physical destruction);
  • legal aid;
  • covering rescue costs in case of need;
  • covering the costs of dental care;
  • inclusion of civil liability for damages to third parties.

The advantages that most insurance companies offer are the following:

  • no restriction in the age and number of the insured;
  • covering losses in case of travel cancellation - ie if the client has already paid for his holiday, but something unforeseen happens that prevents him from leaving, his money is refunded;
  • international assistance if needed - 24 hours a day, 7 days a week, 365 days a year;
  • insurance that is valid worldwide, excluding places of interest such as Syria, Afghanistan, Somalia, etc .;
  • the levels of insurance coverage are usually in line with the client's personal budget.

When concluding your travel insurance, it is good to ask your broker about the additional types of insurance that can offer you. They are most often the following:

  • insurance to cover risks in extreme sports;
  • additional insurance for non-medical expenses;
  • car rental insurance;
  • European health card.

Everyone decides for themselves whether they will spend some time before the trip to take out travel insurance. There are many people who fart back and forth without one and usually most of them have no problems. But who needs to pull the devil by the tail?