Travel Insurance Blogs

Helping you to make informed decisions about insurance
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Are Adventure Actions Covered in your Travel Insurance Plan.
published on April 2, 2022

Are Adventure Activities Covered In Your Travel Insurance Plan

Travelling is a passion for many people. Some like to discover new places with their scenic beauty while some love to explore new cultures. Some travel lovers like to taste different flavours attached to different cultures and some are passionate shoppers. Every aspect of travelling is so much exciting and full of adventures, that if one loves to travel, he is sure to get so many new and thrilling experiences during their trip. 

But we cannot ignore the bunch of risks and losses associated with it. Experts stress overtaking some basic precautions to avoid any kind of unlikely incidents. Travelling can be local, domestic, or even any abroad location. But who likes to experience any kind of unpleasant incidents while their trips. 

 

What is Travel Insurance

Most people, before travelling, plan their trips and their stays, etc through travel agents. The agencies that help in the total travel planning- from tickets, hotels, dining, and places to visit, charge a good amount but sort out the complicating researches and bookings that can take a lot of effort and time. The travel agents are then responsible for the availability of tickets, hotel rooms, and conveyance if needed. 

But nowadays many travel agencies, as well as insurance companies, provide travel policies that cover the insurance regarding the costs and any type of losses that occurred during the trip. It is very helpful for a person who is planning multiple destinations and wants to be safe and tension-free regarding the schedule, and all the planning aspects of travel.

Most of the companies that sell tickets for different domestic as well as foreign destinations, provide an option to the customers to buy a travel insurance cover also. They offer a number of plans and covers with a range of pricing that covers different types of insurance coverage. These insurance policies cover a lot of losses like damages related to baggage, medical covers, accident covers, or even death covers. 

The insurance providers can also offer compensation for the passport loss and reschedule the cancelled flights. You don’t have to worry about the cost and availability planning. The insurance covers all these aspects without any worry.

The Claims Regarding the Travel

The insurance covers are available in a range of costing and benefits depending upon the plans and destinations also. The covers can be for one person, or a family even. Some travel agencies have compulsory insurance covers that include in the booking process. But some are those who have the option available with or without the insurance cover. 

The cost can be variable for different companies according to their costs and benefits provided. One who is going to buy the insurance policy should read the cover statements and the manual documents very carefully before the travel starts. Many agencies provide covers on an annual basis or trip-wise. Some travel insurances are also provided by credit card if bought through them.

 

Insurance Plans to Cover the Adventure Activities

Most of the trips with destinations abroad are purposefully planned to experience the adventures of exciting activities like bungee jumping, ice-skating, mountaineering, river-rafting, etc. most the young travellers love the excitement of these kinds of adventures. But the point is that the risks associated with adventure are also bigger. 

Sports-based travels should be well planned and covered by travel insurance. The insurance covers for adventurous trips are different so the travellers need to check the options or discuss the travel plans and the type of covers needed, with the insurance providers. 

The sports activities with higher risks include paragliding, surfing, skydiving, trekking, etc., not all insurance covers the benefits associated with the sports activities. So the travellers should ensure their travel insurance claims to cover the medical as well as other risk factors covered in their plans.

 

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What Should You Car Insurance Policy In India Look Like
published on April 1, 2022

According to the Indian Motor Vehicle Act, car insurance is compulsory in India. But you should be aware that only third-party insurance is mandatory. To pick adequate car insurance depending on your requirement, it is essential first to understand insurance companies’ kinds of car insurance.

Form of Car Insurance

In India, two Kinds of car insurance plans can be found:

  1. Third-Party Insurance
    Third-Party Insurance-auto insurance is simple vehicle insurance. Depending on applicable terms and requirements, it ensures physiological accidents/damage (s) or losses caused by some third-party vehicle/property from the insured automobile.
  2. Comprehensive Insurance
    Comprehensive Insurance-True to its title, the complete vehicle insurance policy provides an improved insurance policy. It ensures third-party liability in addition to personal damage to the insured motor vehicle.

You can buy any car insurance policy online. While using comprehensive online insurance for new cars is discretionary, a third-party automobile insurance policy is required. The policyholder may opt for extra riders and avail personalized insurance policy.

Five engine insurance terms in India

While moving through your car insurance records, you could have felt you’ve entered a world filled with words and jargon. However, don’t worry; we’re here to address your issue. Here are a few of the vital car insurance terms which Can Help You understand your policy records in a much better manner:

Insured Declared Value (ID)

The ID of a car is described as the maximum amount that the insurer pays in theft or total loss of the motor vehicle. ID is usually the present market value of a car and comes into film throughout insurance claims.

Zero Depreciation Cover

After a claim is enrolled after a collision, online insurance for a new car utilizes a formula that factors in depreciation to determine the payable sum. Cars do depreciate, which might leave you paying a hefty portion of the general cost, even in the event you’ve got extensive coverage.

No Claim Bonus (NCB)

NCB is a reduction a policyholder receives from the insurer for producing zero promises during the policy term. NCB is used on policy renewal, which lessens the insurance premium level appreciably.

It varies between 20 per cent to its 2nd year and around 50 per cent to its 6th year. Because of this, it’s a good idea to refrain from claiming minor harm rather than reap the advantages of the NCB.

Voluntary Deductible

Voluntary deductible is your limitation selected by a policyholder to fulfil part of the claim from his pocket. This amount depends on the policyholder variables in his worth and risk; however, the voluntary deductible isn’t mandatory. Bear in mind, that the greater the voluntary allowance, the lower the premium.

Third-Party Liability Cover

A Third Party Liability Cover secures the Car owner against any financial responsibility caused by death, bodily injury, or harm to another party, i.e., somebody aside from the automobile owner and the insurance company.

According to the Indian Motor Act, the third-party cover is a Compulsory Insurance necessity to drive a car legally on Indian streets. After understanding the basic terms, you can buy a car insurance policy online.

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