Taking a holiday as a family is always enjoyable, but it comes with certain risks such as trip cancellations, lost luggage, or someone falling ill. This is why travel insurance for family of 5 is crucial, as it covers these potential issues.
What is Family Floater Travel Insurance?
Family floater travel insurance, also known as family travel insurance, is a practical and efficient protection policy. It covers all members of the family during the trip, providing a single quantity of cover for the entire family. This means you make a single payment, which is usually cheaper than purchasing individual policies.
Things to Consider While Buying Family Travel Insurance for 5
Before purchasing an appropriate travel insurance plan, consider the following parameters:
- Coverage Limits
- Destinations Covered
- Medical Coverage
- Exclusions
- Premium Costs
Conclusion
A family floater travel insurance plan can be purchased by families planning a trip together. It is straightforward and budget-friendly, proving advantageous in the event of an emergency. Remember to consider all the facets of a policy before selecting an appropriate plan for your family of 5.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.