When in a foreign country, the smallest of things can become a huge inconvenience. Losing a passport in your home country is bad enough but losing it abroad, while on holiday, can quickly turn into a travel nightmare. With travel insurance, you are covered against instances of loss of passport, which can cause immigration and legal challenges. While individual situations may vary, travel insurance plans offer coverage in the following scenarios.

Before departure

If you lose your passport before you leave for the trip, then you might not be able to get a new passport on time and any non-refundable tickets and booking might go to waste.

With travel insurance, you can get these tickets and booking reimbursed so that you can plan your trip for later.

When waiting for passport

While you are waiting for your passport to arrive, unexpected costs might crop up. With travel insurance, these costs can get reimbursed so that you can stick to your pre-decided budget.

Thus, travel insurance ensures you need not dip into your savings while waiting for your passport to arrive.

After departure

If you lose your passport on arrival at your destination, the entire trip can get hampered because you do not have the document proving your identity. If you have made reservations using your passport number, you might not be able to utilize them either.

Conversely, if you lose your passport at the end of your trip, you might have to re-book your flight tickets for the return leg, if you are not able to arrange the new passport in time. A travel insurance plan comes to your rescue in both these scenarios.

Dealing with authorities

Another problem that you will have to face is how to approach the authorities if your passport has been lost or stolen.

If you have travel insurance, you can call the 24-hour helpline of your insurance provider, and they will help you arrange emergency travel documents and/or a new passport.

Monetary benefits

A lost or stolen passport can also cost you a lot of money. The direct costs include that of obtaining emergency travel documentation in the country you’re visiting and a new passport in your home country. Indirect costs include the money spent on getting to the consulate or having to book alternate accommodation, in case the embassy if very far to get to.

An insurance company will take care of both the direct and indirect costs that you might incur in case of loss of passport. If you get in trouble with the authorities, your travel insurance plan will also pay for bail for a bail able offence.

24x7 Hotlines

Trained insurance advisors manning 24-hour hotlines can help you in situations such as lost passport. No matter where you are and what time it is, you can call the hotline and request assistance. They can help you navigate tricky situations and help you reduce the damage, as much as possible.

Click here to know more about travel insurance.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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