Are you planning an overseas travel? If yes, a constant debate running through your mind would be, to purchase travel insurance or not
In the current situation of recession, a traveler may be tempted to skip travel insurance to save even that little amount of money. It is understandable that one wants to cut corners and not shell out extra money.

This brief article provides you with valuable insights when it comes to deciding whether or not you should buy travel insurance before you start your travel

•Medical Expenses: Medical treatment abroad is very expensive. At least 10 times your home country! In an unfortunate event of an accident or sickness, requiring urgent medical attention, Travel Insurance comes very handy. Moreover, payment of hospitalization charges in foreign currency (Euros, Dollars) could mean a drain on your time to arrange for funds. The convenience of having cashless hospitalization provided by affiliated service providers ensures you financial independence.

•Financial Emergency Assistance: You may land up being mugged or robbed in a foreign country left with no money to carry on your trip. A Travel insurance policy extends financial assistance, up to the limits specified under the travel policy.

•Trip cancellation: There can be various unavoidable reasons which may require a trip to be cancelled like death, serious injury, illness of Insured or family members. You may lose money paid towards airline tickets, hotel bookings etc which are non refundable. A travel insurance policy will provide you a cover for the same

•Loss or delay of Checked Baggage: Compensation is paid for the permanent loss of checked-in baggage. Also pays compensation for reasonable expenses incurred for the purchase of toiletries, clothing and medication due to delay of checked-in baggage for over 12 hours.

Much other coverage like loss of passport, hotel accommodation, and hijack distress allowance can be included in your travel policy.

There are many companies which offer travel insurance but there is more then one reason why you should select HDFC ERGO which focuses on right insurance solution for all with its variety of travel plans like gold, silver, etc. to suit your requirements.

Read about travel insurance at our site http://www.hdfcergo.com to get more information before you start your overseas travel. You can even buy travel insurance in just 3 easy clicks without any health check-ups & paperwork.