Here's a ready reckoner on insuring your trip against emergencies, medical or otherwise

 

Before summer creeps up and scorches your travel plans, fix the details. However, in the frenzy to get to your dream destination abroad, don't forget to pack in travel insurance.

HOW MUCH?

While experts contend that 4-8% of your travel cost is the ideal cover amount, insurance companies typically offer fixed options under various categories. These range from $15,000-5,00,000 depending on the duration, benefits included and area of travel

CAN YOU CUSTOMISE THE COVER?

The only customisation you can opt for is in the category and option that suit you, not the specific benefits you want. Within the given category, you can then select the options depending on the sum assured and specified benefits.

The broad areas of coverage include hospitalisation, accidental death, baggage loss or delay, trip delay or cancellation, and burglary while you are away .

HOW TO CONTACT THE INSURER?

The contact details and locations of insurance officials in case of an emergency form a part of the policy package, and are given to the traveller along with the cover document. Besides this, if you lose cash or credit cards, the insurers generally have a provision for offering emergency cash transfers and assistance.

CAN YOUR CANCEL THE POLICY?

The process is simple enough. You can contact the insurance company and after a deduction of nominal charges, the policy will be cancelled.