If you have never taken out travel insurance, perhaps the first thing you would like to know is why to take out insurance. This is a good question because, in reality, insurance is taken out for many reasons, and in fact, not all policies are the same (i.e., not all cover the same “risk cases”). In particular, the reasons for taking out travel insurance are:
- Trip cancellation
- Problems with luggage
- Medical assistance
- Early return and repatriation
- Entry into the village
Let’s see them together one by one. The ‘Trip Cancellation is trivial: it could happen to have to cancel at the last moment to leave for many reasons (illness, problems at work, and problems with relatives). Here, in this case, if you have activated the cancellation coverage, the insurance will respond to the costs incurred (obviously based on what is indicated in the contract).
Insurance company
Since there are many choices on the market, you must choose a reputable travel insurance promo Singapore that you can trust.
Health insurance
Do not forget to think about your safety during your stay: take out health insurance and a policy for your trip. Health insurance is essential, especially if you travel to non-European states or have no bilateral relationships for daily hospital income benefits.
Insured people are used to being assisted for free in hospitals. Still, elsewhere we may discover at our expense that the cost of a routine surgery or even just an X-ray examination can be very high and must be paid immediately, under penalty of inability to be assisted.
Most people buy travel insurance, especially for illness and accidents (health insurance), a policy able to cover any medical expenses, often relatively high. Whatever your destination abroad, it is essential to have good health insurance; it is even mandatory in some cases.
Many countries have a private or paid healthcare system, which can be very expensive, especially in the case of hospitalisation. Considering the costs of private facilities, it is highly recommended to take out a health insurance policy before departure. Read below about what should I look for when buying travel insurance?
How and what to evaluate in a travel insurance
Here are some essential components to consider when choosing your travel policy:
- Maximum: the number of medical expenses covered by the travel insurance. Remember that suitable travel insurance covers necessary limits;
- Deductible: i.e., the amount of the part of the damage to be borne by the insured.
- Coverage of medical expenses, emergencies, and evacuation: the essential component to take out travel insurance. Pay particular attention to this item, particularly the benefits and services not included in the coverage. Emergency hospitalisation and surgery at a hospital can be costly.
- Direct payment of medical expenses: check if the insurance company directly pays medical expenses (without having to be paid in advance by the insured person) and the level of coverage in case of emergency medical evacuation;
- Assistance: the insurance company must guarantee prompt service, seven days a week, 24 hours a day
- Trip cancellation: if you are forced to cancel the trip for unforeseeable reasons beyond your control (such as illness, accident, or the death of a close relative), check the conditions and to what extent the travel policy provides coverage in case of cancellation of the trip;
- Baggage and personal effects: this is another essential component that should be included in your travel insurance. Ensure your luggage (suitcase and its contents) against theft, loss, and damage. Therefore, remember to take out travel insurance that takes into account the above.
Conclusion: Often, a difference leads to complete coverage and more efficient service. If you want to raise a ceiling or reset/lower a deductible, you can do so by opting for insurance that is perhaps slightly more expensive but which fully reflects your needs.
Ben Chapman