Travelling or taking short trips religiously has become a necessity and so is insuring it. Travel insurances come handy, are useful and full proof. This study, highlights several cases describing the services and applications of travel insurance. It also focuses on policies of travel insurance. Travel insurance is mainly useful for people who are traveling overseas. Long distances and unknown destinations. Explorers and travelers should refrain from taking risks and always have a travel insurance done. Unusual and unknown destination can come with threats and possibilities mostly people are not aware and prepared for. It could be sudden natural calamities, accidents and health issues.

Travelling or taking short trips religiously has become a necessity and so is insuring it. Travel insurances come handy, are useful and full proof. This study, highlights several cases describing the services and applications of travel insurance. It also focuses on policies of travel insurance. Travel insurance is mainly useful for people who are traveling overseas. Long distances and unknown destinations. Explorers and travelers should refrain from taking risks and always have a travel insurance done. Unusual and unknown destination can come with threats and possibilities mostly people are not aware and prepared for. It could be sudden natural calamities, accidents and health issues.

Travel insurance is also recognized as Visitor Insurance. Travel insurance is mostly covers the costs and losses related to traveling. Travel insurance is generally useful for people traveling domestically or out of the country. Nowadays, purchasing travel insurance online is getting very popular because of the rise in the usage of internet and social awareness. There are several companies who are selling traveling tickets or proposing travel packages to customers with a choice of buying travel insurance, known as travelers insurance. Policies of travel insurance also cover injury to the equipment purchased on loan like personal property and rental cars. The main factors of travel insurance comprise interruption coverage, coverage of flight accident or accidental death, coverage of personal effects and baggage.

Travel insurance can generally be organized during the booking of a trip for covering the precise period of the trip, or else the policy of “multi-trip” covers the limitless trip within the fixed time period. Many policies deliver options of the high and low expense of medical whereas the higher ones are mainly for the countries like the United States that comprises of the expensive medical expense.

Many credit card issuers propose automatic travel insurance if the arrangements of travel are paid for using credit cards. However, these policies are common and specific care must be taken to consider the personal requirements of account. There are various policies of travel insurance present in the market place, where care must be taken of the events covered under each policy, and what exemptions, eliminations and restrictions apply.

During the purchase of policy of travel insurance, there are the factors which should be taken into consideration are flexibility, cost of travel insurance, individual’s requirements, customer reviews, destination covered, restrictions on duration, coverage acknowledgement & claim limits, already present medical conditions, theft policy, policy for the belongings and missed flight policy.

The travel insurance market has increased easily with the rise in mid-class and improved structure shared with the developments in technology. Growth in the disposable income, increase in aspirations developed Gen S travelers and ratio of low dependency are the characteristics responsible for the increase in the travel insurance industry. The notable evolution in the travelers' count of a senior citizen, particularly vacation travelers will have a major impact on the travel insurance market size.

As there is an increase in the awareness about travel insurance in people that influence people to purchase travel insurance. There are several companies providing travel insurance to their customers. There are some of the examples which can give a summary about how travel insurance is beneficial to everyone.

Case Study 1:

The accuser’s son and daughter-in-law went for a vacation to Madeira, where son died because of a heart attack. The wife of the son communicated the assistance company selected by the insurance broker to organize the deportation of the body and the directors of the local funeral were instructed.

The time when mother went to see his body in the UK, she was not having permission to see the body as it had not been wrapped up and had deteriorated severely. She was very disappointed. Mother then complained to the insurer that undertakes wide inquiries and communicated with the local British Consulate. Later, it was recognized that the directors of the local funeral were not on the approved list of the company.

Local directors of funeral explained that they are not allowed to carry out the preservation of body unless and until they don’t receive the instructions. Later, the embassy informed that preservation of the body is not the regular practice in Madeira. Mother then considered the failure to make sure that the body was preserved resulting from the insurance brokers wish to reduce cost.

The insurance broker claimed that the expenses of wrapping up of a body was affordable and essential and would have met the charges. It further struggled that the mistake had not permitted their general practice being surveyed in this scenario. In general, the assistance company might have contacted the directors of local funerals. But in this case, the assistance company had not contacted because the directors of the local funeral were not on their approved list. And the insurance broker was unable to identify who is answerable for the decision of not preserving the body.

On the other hand, the mother concluded that the insurance broker, through their agents – funeral directors and assistance company failed to provide the service.

Case Study 2:

In June 2015, a traveler in Peru was riding a bike in a remote region when an incorrect turn on uneven terrain lead to serious injury. The woman, had variously broken ribs, a collapsed lung and broken arm. To make the matter worse, local healthcare facilities in the region were not capable to handle these severe injuries and the hypothetically long-term recovery. Many times, local facilities are not ready for complex illnesses or injuries, making a migration to heavily populated, well-served areas a demanding necessity.

In such circumstances, travelers are left stranded away from home with the restricted transportation support and options, extra stress of organizing transportation and treatment together. But luckily, in this case, Arch RoamRight came in to make sure the appropriate temporary care, steadiness and migrating to the correct facilities.

Arch RoamRight travel insurance plans are safeguarding the business, leisure, group and student travelers on the international and domestic trips. Arch RoamRight provides travel insurance for emergency medical expenses experienced during the trip cancellation and even travel for that time when the unpredicted events ascend that prevent the travel.

In the incident of Peru, the condition of the woman was strong-willed to be an enclosed injury needing the migration to the regional hospital with good treatment capabilities. As the woman situation became stable and capable to travel, she was then moved to her home hospital in the United States with the help of air ambulance.

Arch RoamRight spokesperson commented “Fortunately, most travelers will not experience such a situation. However, for the rare occurrence of a significant medical emergency, while traveling, there’s coverage under travel insurance”.

Even if people have health insurance, it will not travel with people. Several medical insurance plans like Medicaid and Medicare, do not include the care established outside the United States. Travelers on these plans should consider the travel insurance policy.

Knowing what to do in an emergency means being a prepared traveler. People who use travel insurance from Arch RoamRight are giving the number to call to receive help when such a situation occurs.

Conclusion:

Due to the development in the services, people are using travel insurance during their travel which can benefit the customer with better services and applications.