This kind of insurance can often be heard of when someone plans for a trip, especially international travel. If you think this is just something that can opt to not include in your list of must-haves, it is not for it actually plays a crucial role in making the trip free of hassles, should there be any unlikely situations will occur before the date of your departure or during your stay overseas.
In order to understand more about this type of insurance, here are some important things to heed.
1. Know what travel insurance is?
Let us admit it; whether you have a life or health insurance, there are still some situations that can’t be covered by the two, because if it does, getting travel insurance would not be a big deal. The policies travel insurance has are like short term plans that are intended for covering people who are traveling away from their mother country. It serves as a life vest that keeps them afloat when the situation becomes wavy.
2. What are the policies that suit your need?
Every plan may be different from another, but when it comes to travel insurance, it offers a combination of travel and health-related profits. You may also come across numbers of companies offering what they claim is the “best travel insurance in Singapore”, still it is important to be watchful about what you’re opting to have. Listed below are some of the travel insurance policies that you can generally expect offered by most of the insurers on the market:
- Lost baggage or baggage delay. Experiencing either of the two while traveling can really cause you a headache. In situations like this, having travel insurance that includes policy like this can save you from such annoyance, for your insurer can give assistance to recover your lost baggage as soon as possible.
- Delayed or canceled flights. No matter how prepared you are to your flight, there are some unforeseen circumstances, like disease outbreak or disasters, that could result in your scheduled flight to be postponed or, worse, canceled. But with travel insurance, there’s nothing to fuss about.
- Medical emergencies. There are times that despite being cautious, accidents can still happen. Same as with accidents that can occur while you are on a trip, say you get stung by a jellyfish while dipping in seawater or get your ankle sprained during a hiking adventure. In such a scenario, the first thing that you will surely need is medical assistance, which might run up hefty costs of hospitalizations and treatments. However, these will not be a problem when you have signed up for the best travel insurance with great policies.
- Emergency medical evacuation. In the worst case scenario, something bad that happened while you’re out of the country and you need medical evacuation back to Singapore or nearby countries with better medical facilities. Medical evacuation may require a hefty amount of money, that’s why it is a must to do note about the travel insurance plans that includes coverage for medical evacuation.
- Some travel insurance plans also have coverage for sickness or injuries overseas, emergency medical repatriation, repatriation of remains, and travel document protection.
3. What are the essential things to be watchful about travel insurance?
Since travel insurance is intended only for short term plans, many travelers would surely go for the cheap travel insurance plan offered in the market in order to save money. Though this may seem practical, it is still significant to know that not all cheap travel insurance plans are the best, same as to not all best plans requires a lot of money. The thing is to be vigilant in choosing the perfect insurance plan to cover your trip. With this, here are some important things you should heed.
- Be clear on the policy details. If you have the habit of disregarding the words written in the fine print, chances are you will be surprised about the details included in the insurance plan you just signed up. In order to be acquainted with what is your insurance policy includes and not, might as well take time to read so you can decide whether to add other policies which you think you’ll need.
- Time limits. As mentioned earlier, travel insurance only runs for a short time, usually for just a month. So if you are planning to get away from your home country for quite a long while, make sure your travel insurance does not expire earlier than your vacation.
- Pre-existing medical conditions. The cost of travel insurance tends to become higher to travelers that have pre-existing conditions, like heart failure because those with such conditions are shown to be more likely to make claims abroad. However, it is important to be honest with your insurer than to lie, because if you choose to lie, chances are your travel claims will be denied.
Should you need more information about the car or travel insurance, you may contact Autoshield via our customer service hotline 6385 0777 or you can send us SMS to 8588 1688, 8588 9191, 8686 9991, 8688 9991, 8588 9991, 8866 9991, 8686 9991, 8668 9991.
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