Why Travel Insurance Is Vital
When you travel your safety and security must be considered top priorities
. You will never know what could happen next, hence, you need to be prepared.Even during the ancient times, travel insurance already existed. Early accounts that pertain to insurance have been recovered and they were from the Babylonians and the traders from China. The insurance records can be traced back to the 3rd century.
What is travel insurance?
Travel insurance is a policy that provides coverage in the following aspects: financial, losses, medical and other travel benefits. Travel insurance is for either domestic or international trips. Historically speaking, the first form of travel insurance was introduced on April 1, 1864 and it was provided by the Travelers Insurance Company. James Batterson was the founder and the clients of Battersons company were the first ever travelers to get insured. The travel insurance provided them certain benefits such as insurance for loss of life or medical insurance for injured holders. These were given to clients who chose to travel by water and railway.
With this account, the travel insurance policies became even higher in demand. The industry of travel insurance in the United States reached a new boost. However, it was slower if you compare to other insurance coverage such as life insurance and medical insurance. But, another turning point for the insurance industry took place and the 9/11 attack was the trigger. The demand for insurance grew bigger.
Travelers Become More Aware of the Value of Travel Insurance
Since the tourism industry is becoming bigger, the demands for travel insurance go with the growth. Travelers became aware of the value of insurance when they travel because they learned that the insurance will entitle them to a certain kind of protection and security. But, with the growth come more risks because many travel insurance providers fail to live up to their promises.
Hence, a smart traveler must also be knowledgeable when it comes to choosing the right travel insurance provider. Getting yourself covered while you travel abroad is an intelligent thing to accomplish. When you book your flight you will be asked for travel insurance and you must choose cleverly.
What does travel insurance provide? It provides a number of benefits that include medical benefits and dental assistance. Go for a global travel insurance company so you will be assured of a strong provider of your coverage. How about baggage loss? It would be better if your company also provides baggage loss insurance. More so, your provider must also be responsible in case your bags are not traced. Proper compensation must be given as well.
Finally, your travel insurance provider must also give you coverage for personal liability. This coverage pertains to the assistance that will be given to you by the provider in case you accidentally hurt someone while traveling.
Indeed, there are a lot of things to consider. You have to be plain smart when it comes to paying for your insurance. Travel insurance is a vital need and you should remember this whenever you travel.
by: Lolita Di Angola Travel Recommendations Travel Safety With A Child How To Travel On A Luxury Train Africa Things To Do On Holidays In Cyprus Tricks Of Booking Cheap Ski Holidays Travel Tips For Pet Owners Hotel Jobs Are Plentiful Near Africa Travel Hotspots Spending Summer Holidays In Dubai Will Be A Good Experience India Holidays Tour: Feel The Presence Of Indian Heritage Kerala Holidays Haven For Touring Connoisseurs Fun & Leisure Facilities In Reading Travelers Paradise Place In Goa Sea Beach Fun & Leisure Facilities In Tunbridge Wells