Do you intend to travel abroad soon? If so, you would not wish to ruin your fun trip by being a victim of theft or robbery in a foreign country. You will undoubtedly be horrified if you don’t find your wallet and cards in your bag and wind up the creek without a paddle. If you are unaware of your travel insurance plan and its benefits of travel insurance, such unpleasant experiences could get you into trouble.
Pickpocketing is common among thieves in hotspots worldwide, but you can take safeguards to avoid such mishaps. Your travel insurance’s “Financial Emergency Cash” benefit will aid you in this circumstance. This benefit is helpful if you travel abroad and have Bajaj Allianz travel insurance online.
What Does Emergency Cash Mean In Financial Terms?
Financial emergency cash is an invaluable benefit that provides comprehensive financial protection while travelling to a foreign country. If your wallet or luggage is stolen, there may be times when you require money right away. This benefit is available to vacationers and business travellers who are short on cash when they need it most. Claims are subject to terms and conditions set forth under the travel insurance policy.
Considerations Before Purchasing Travel Insurance With Emergency Cash Benefit
- To obtain emergency funds on the spot, you must notify the loss of your travel funds as soon as possible. After the trip has finished, you cannot use this benefit.
- As soon as you discover you don’t have enough money to travel, find the closest police station and report the theft.
- Ensure you have a written report or a First Information Report (FIR) obtained within 24 hours of the incident to be qualified for the claim.
- If you run into a financial crisis because of a shortage or a change in currency, you can take benefit of this benefit.
- If you don’t inform the appropriate authorities of the loss of your funds before 24 hours, you won’t be qualified to receive emergency cash benefits. *
What Can You Do To Be Prepared For Any Financial Emergency?
Pickpocketing and muggery are typical crimes that target tourists who aren’t paying close attention. Nevertheless, if you ever find yourself in this dilemma, keep the following in mind:
- Block all of your cards soon after you find out that your wallet or cards have been stolen.
- Use the location or GPS components of your phone or other devices to track them.
- Based on the circumstances, you might be permitted partial or full compensation for lost luggage or valuables.
How Can Your Travel Insurance Help In A Robbery Or Theft Situation?
For so many possible emergencies, a Bajaj Allianz travel insurance online policy would be necessary. Your travel cover may ensure you don’t have to pay the total amount of the loss whether you lose your luggage or passport, encounter emergencies like accidents, or are mugged or robbed. These are just a few advantages of a Bajaj Allianz travel health insurance policy. Avoiding purchasing international travel insurance online while travelling abroad could be extremely risky and result in one of your most significant setbacks in life. Claims are subject to terms and conditions set forth under the travel insurance policy. *
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*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
