A health insurance policy is a financial safeguard that provides medical coverage to the insured during healthcare emergencies. Medical emergencies can occur at any moment, without any prior notice. In such cases, a health insurance policy is your saviour.
The monsoon season is round the corner and this means monsoon-related diseases will be on the rise. Apart from the seasonal diseases Covid-19 cases are also on the rise in some parts of the country. Experts have also warned us about the possibility of Covid-19 fourth wave. The ideal and safe way to be prepared is to follow Covid-19 protocol and also buy a health insurance plan.
Travel insurance provides financial protection if you face certain problems when you’re travelling or on holiday. It covers medical expenses, lost luggage, flight cancellations, and other losses that a traveller can incur while travelling. Travel Insurance is usually taken from the day of travel till the time the traveller reaches back. Taking Travel Insurance ensures a comprehensive coverage in case of any emergency in another country.
Travel insurance cover things like-
- lost or stolen bags.
- emergency medical expenses, such as the cost of treatment and getting you home.
- the costs of cancelling, delaying or cutting your trip short.
- disruptions to travel or accommodation, such as delays and cancellations.
- legal costs, in case you’re sued for damaging property or causing injury.
Property insurance is a broad term for a series of policies that provide either property protection coverage or liability coverage for property owners. Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in case there is damage or theft and to a person other than the owner or renter if that person is injured on the property.
Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided.
Mobile phone insurance has recently started gaining attention although not many smartphone owners are aware of it or are willing to purchase it. Loss or thefts of smartphones have become commonplace, making it all the more important for owners to insure their devices. For higher value smartphones, this protection is even more important as they are very lucrative targets for theft.