By Zack Devin
When planning a holiday, many travellers focus on flights, hotels and sightseeing while often underestimating the value of travel insurance. Over time, several myths have made people question its relevance. Misconceptions about cost, coverage and claims can make travellers hesitant to invest in it.
This article breaks down popular myths about travel insurance and shares the facts you should know before your next trip.
Understanding Travel Insurance
Travel insurance provides financial protection against unexpected events such as medical emergencies, trip cancellations, baggage loss or flight delays or cancellations. Depending on the policy wording, the policy can cover domestic and international trips, single or multiple journeys.
You can easily compare and buy suitable covers through a travel insurance app, making the process faster and more convenient.
Common Myths About Travel Insurance
Here are some most common misconceptions travellers have about travel insurance and understand what’s actually true:
Myth 1: “Travel Insurance is Only for International Trips”
Many people assume travel insurance is unnecessary for domestic travel, but that’s not the case. While it is true that international travel policies offer broader coverage, domestic plans can still protect you from:
- Trip cancellations or interruptions due to medical emergencies.
- Delayed or lost luggage.
- Accidents or hospitalisation during your trip.
Even a short domestic holiday can come with unexpected disruptions, so having protection ensures peace of mind.
Myth 2: “Travel Insurance Covers Every Situation”
This is one of the most common misconceptions. Travel insurance offers broader protection, but it does not cover every possible scenario. For instance:
- Pre-existing medical conditions may not be covered unless disclosed and accepted beforehand.
- Claims arising from reckless behaviour, such as adventure sports without add-on coverage, are usually excluded.
- Losses due to civil unrest, war or government restrictions are often not included.
Myth 3: “My Credit Card Offers Sufficient Travel Insurance”
Certain premium credit cards provide limited travel coverage, but relying solely on them can be risky. Such complimentary covers often have restrictions such as:
- Coverage only for tickets booked using that specific card.
- Low medical expense limits.
- Exclusion of trip cancellation or baggage loss.
It is crucial to review the terms and conditions of your card’s insurance to understand what is and isn’t covered.
A standalone travel insurance policy, selected through a travel insurance app, allows you to tailor cover to your trip’s duration and destination.
Myth 4: “Travel Insurance is Expensive”
Contrary to popular belief, travel insurance is quite affordable. The cost depends on several factors, such as:
- Traveller’s age and destination.
- Trip duration.
- Type of coverage selected.
For example, the premium for a short-term international policy is often a small percentage of your total trip cost. In comparison, a medical emergency abroad can cost a huge amount of money. Having travel insurance helps avoid unexpected financial strain.
Myth 5: “I Can Buy Travel Insurance Anytime Before My Trip”
While you can technically purchase travel insurance up until your departure, it is advisable to buy it immediately after booking your trip. Early purchase ensures:
- Coverage begins from the day you buy the policy.
- Protection against trip cancellations due to unforeseen reasons, such as illness or natural disasters.
- More time to review the policy wordings carefully.
Myth 6: “Filing a Travel Insurance Claim Is Too Complicated”
Many travellers hesitate to buy travel insurance because they assume the claims process is time-consuming. In reality, insurers have streamlined digital claim systems that make the process straightforward.
Here’s how it usually works:
- Submit documents: Upload necessary receipts and reports via the insurer’s website or app.
- Track progress: Use claim tracking tools to check real-time status.
- Receive updates: Notifications help ensure timely settlement.
With the help of a travel insurance app, you can even initiate and track your claims seamlessly.
Myth 7: “My Airline Will Compensate Me for Lost Baggage or Delayed Flights”
Airlines do offer compensation, but it is usually limited and may take time. For example, if your luggage is delayed, the airline may only cover essential items for a short period. Travel insurance, on the other hand, provides a fixed compensation amount based on the policy wording. It can also cover expenses related to missed connections or flight cancellations.
Why Understanding Travel Insurance Myths Matters
Falling for these myths can lead to confusion and unplanned expenses. Knowing the facts helps you make informed decisions and choose a suitable policy that matches your travel needs. Whether travelling solo, with family or for business, securing the right protection ensures you can focus on the experience rather than the risks.
Conclusion
Travel insurance isn’t just another travel add-on; it is an essential financial safety net that helps during unexpected events. Many misconceptions arise from not reading the policy wording carefully or assuming that all covers work the same way. With digital tools like a travel insurance app, understanding, purchasing and managing your policy is now more accessible than ever.
Before your next journey, make sure you are equipped with the right information about travel insurance.
