Why You Need Travel Insurance Coverage of 30,000 Euros
Traveling abroad can be an exciting and exhilarating experience. Exploring new destinations, meeting people from different cultures, and trying new cuisines can be some of the best moments of your life. However, when traveling, anything can happen, and it’s essential to have travel insurance to protect you from the unexpected.
According to a recent study, over 7.5 million people travel abroad without travel insurance. Most people think that travel insurance is unnecessary, but the reality is that it can be a lifesaver.
What Does Travel Insurance Cover?
Travel insurance policies vary, but most cover medical emergencies, trip cancellations, lost or stolen luggage, and flight accidents. Without a travel insurance policy, medical emergencies can result in astronomical medical bills, which can ruin your trip and harm your financial stability. In such cases, travel insurance can cover medical expenses and provide peace of mind.
Trip cancellations can be costly, and many people face financial strain when they have to cancel their trips unexpectedly. Travel insurance can reimburse non-refundable travel costs and help you rebook without incurring more expenses. Moreover, unexpected events such as natural disasters may occur, and having travel insurance ensures that you are not left stranded in a foreign country.
Why 30,000 Euros?
When traveling to Europe, you may come across Schengen Area countries. Schengen Area countries require foreign visitors to have travel insurance coverage of at least €30,000. This coverage is mandatory and ensures that tourists and visitors can receive immediate medical attention in case of an emergency.
A travel insurance coverage of 30,000 Euros or more protects you from high medical costs and ensures that you can get immediate medical attention when needed. This coverage also saves your loved ones from suffering a financial burden in case of an unfortunate event.
Conclusion
Traveling without travel insurance is risky, and it’s crucial to have travel insurance coverage when traveling to Schengen Area countries. A policy that includes emergency medical care and covers cancellations, lost luggage, and other unanticipated events will provide you with peace of mind and protect you financially. Remember, having travel insurance may be the difference between having a memorable trip or a disastrous one.
