In today’s time, travel insurance and credit card coverage have become crucial safety nets for travelers. The promising thing about both coverages is that they both safeguard the journey but in a variety of ways and have their pros and cons.
This article will act as a guide for you in choosing the best travel insurance in India. Additionally, we will also help you understand whether credit card coverage is enough or whether you will need a separate travel insurance policy.
From coverage limits to their distinct features, claim processes and potential hidden fees, we will cover everything in this article and provide you with all the details you require to decide on travel insurance when planning your next adventure.
What is Travel Insurance?
While some may think that they don’t need any travel insurance, it is a trusted companion for travelers. It safeguards travelers from the unexpected eventualities that disrupt even the most carefully planned trips.
Travel insurance offers extensive coverage that covers eventualities such as trip cancellations, medical emergencies and lost luggage. The best part of travel insurance is that you can customize your policy as per your unique travel needs without paying for more. Travel insurance policy comes with 24-hour assistance services that help you stay safe round the clock, in times of difficulty.
However, you may think that travel insurance premiums are expensive and you don’t need it for shorter or low-cost trips, but that’s not the case. If you want a stress-free trip without any headaches of cancellation, luggage, destinations, and emergencies, you should definitely pick a travel insurance premium for your next trip. Some of the best travel insurance in India also cover CFAR (Cancel for any reason), which provides coverage for trip cancellation within a specified time.
The benefits of Travel Insurance
You have got nothing to worry about; check out this full list and decide for yourself if travel insurance is for you or not:
Benefits of Travel Insurance
Comprehensive Coverage: The biggest promise of any travel insurance provider in India is comprehensive coverage. It offers broader protection that includes coverage for various unexpected events like trip cancellations, medical emergencies, and lost luggage.
Customization: The second-best thing that might attract you to travel insurance is the customization. You have the liberty to customize your plan as per your travel needs without paying extra for anything that you don’t need.
24/7 Assistance: Before you buy travel insurance online, you must check if your provider offers 24/7 travel and insurance assistance or not, although almost every travel insurer provides 24/7 emergency assistance.
Credit Card Travel Insurance
Credit card coverage refers to the benefits and protections that some credit cards offer when an individual uses them for travel-related expenses. The credit card benefits include insurance for rental cars, trip interruption coverage and lost baggage assistance.
Travelers across the world feel credit card coverage is their valuable choice as it offers travel-related benefits as free perks. Suppose you need clarification about taking any separate travel insurance. In that case, you can definitely go for the best credit card coverage for your travel expenses, which guarantees extra security and assistance without paying additional fees. Taking credit card coverage is a smart way to protect your trips and save money.
The Pros and Cons of Credit Card Coverage
Before you buy travel insurance online, you should consider the below-mentioned pros and cons of credit card coverage:
Pros of Credit Card Coverage
Free benefits: There are plenty of credit cards that offer travel-related coverage benefits for free, so you don’t have to pay extra for anything.
Plenty of benefits: Credit card coverage offers plenty of other benefits, such as rental car insurance (if you’re renting a car), travel interruption coverage, and lost luggage coverage.
Cons of Credit Card Coverage
Partial coverage: We have already mentioned earlier that more than credit card coverag has many exclusions and limitations.
Additional fees: The other disadvantage of credit card coverage is that it may require you to pay for the entire trip (using that card) to get the coverage.
So, what do you think is the best, travel insurance or credit card coverage?