Travel insurance is type of Personal Sickness Insurance that one should never forget to buy while travelling abroad. Travel insurance covers you against any kind of medical and financial problems or emergencies that may arise while you are away from the safety of your home. Low cost travel insurance will cover mostly the basics however, in travel insurance; it is not advisable to buy just a basic cover. A little extra research can be an intelligent idea. A normal travel insurance covers emergency evacuation, personal accident cover, medical expenses while you are travelling outside, even your travel cancellations or delays, loss of checked in luggage, theft, loss of passport, personal liability coverage etc.
It is not that only old people require the travel insurance. Accidents and medical emergency can happen to anyone, anywhere like just a simple stomach ache after the food while you are travelling to a new place. If you have a travel medical insurance, your entire treatment will be paid for. It entirely depends on your Indemnity Insurance plan that you are either fully or partially covered for any emergencies.