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So, you want to know if buying travel insurance in mandatory?...
Is travel insurance mandatory? (Top 2 points to consider)
So, You’re ready to pack your bags and jet-set your way away to a fun vacation! In all the excitement, you shouldn’t forget about getting a travel insurance policy for yourself and your loved ones. It would be prudent choice!
A travel insurance policy will provide you protection against a host of potentially dangerous situations that may occur on your trip abroad. It is worthwhile to invest in a travel insurance plan before you board your flight.
But is travel insurance mandatory? The answer is “Yes and No.” Purchasing a travel insurance policy is mandatory if you are traveling to certain countries, and it is not mandatory if you are traveling to certain other countries.
So the question you should be asking is “Is travel insurance mandatory in the country I am traveling to?” Let us find out some of the countries where travel insurance in mandatory.
Popular countries where travel insurance in mandated (As of 2022)
Travel insurance is mandatory if you are traveling to any of the following countries:
- United States of America
- Argentina
- Ecuador
- Chile
- Cuba
- Egypt
- Indonesia
- Israel
- Iran
- Nepal
- Philippines
- Russia
- Qatar
- Saudi Arabia
- Singapore
- Schengen Nations
- Thailand
- Sri Lanka
- UAE
Travel insurance inclusions and exclusions
It is vital that you are aware of the inclusions and exclusions of your travel insurance policy. Mentioned below are some of the general inclusions and exclusions of travel insurance.
Inclusions | Exclusions |
Baggage loss | Pre-existing conditions |
Loss of passport | Self-harm |
Hospitalization | Claim resulting due to consumption of illicit substances like drugs or alcohol. |
Evacuation | HIV/AIDS |
Repartitions | Non- conventional medical treatments |
Personal liability | Radiation related sickness |
Flight delay | War |
Different insurance companies offer slightly different scope of coverage, be mindful of the fine-print. You can also increase the scope of your travel insurance policy by buying additional riders.
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Frequently asked questions about travel insurance
Which are some of the major Schengen Nations that mandate travel insurance?
All Schengen Nations mandate travel insurance. The major ones include:
- Germany
- France
- Italy
- Spain
- Switzerland
What are some major exclusions of travel insurance?
Major exclusions of travel insurance include damages caused due to:
- War
- Radiation
- Self-harm
- HIV/AIDS
- Drug/Alcohol use
Can I cancel my travel insurance policy?
Yes. Insurance companies usually allow your travel insurance policy to be cancelled within a time frame of 14 days of policy purchase. (You should have not travelled or made a claim within this time frame)