It’s time to go on vacation with your family and refresh your mind. To anticipate unexpected incidents while traveling, purchasing travel insurance can be one of the solutions. But first, let’s get familiar with the benefits you can receive. Make sure you choose the coverage that suits your needs. So, how do you select the right travel insurance? Let’s take a look at the following tips!
Travel Disruptions
There are various issues that often occur during holidays, which become the main reasons for buying travel insurance. These include travel delays, missing a flight due to force majeure, lost or damaged baggage, and even the loss of valuables during the trip. These incidents are among the most common problems travelers face. Insurance companies will compensate for the financial loss as long as you meet the claim requirements stated in the policy.
Travel Insurance is Not Health Insurance
Many people mistakenly think that travel insurance automatically provides full medical protection and covers all types of illnesses. In fact, travel insurance does not cover pre-existing conditions.However, medical expenses due to accidents or sudden illness during the trip can still be reimbursed, either by reimbursement or cashless service, depending on the policy terms. Interestingly, some insurance companies still offer COVID-19 related benefits, such as compensation for quarantine and treatment costs if you get infected during your trip. This is especially relevant now, given the rise of COVID-19 cases in several Asian countries.
Individual or Family Coverage
When purchasing travel insurance, you can decide upfront whether you need coverage for and individual or for your family. You can also choose the coverage period: daily, weekly, or even annually, based on your needs. Keep in mind, for family coverage, the protection only applies when all registered family members are traveling together. This rule does not apply if family members travel separately.
By reviewing the benefits of travel insurance, you can now determine which protection suits you best. The more comprehensive the benefits you choose, the higher the premium you’ll need to pay. You can also consider protecting your home while you're away by purchasing property insurance, which safeguards your assets and belongings at home. This helps anticipate risks like theft or fire, ensuring a more peaceful and worry-free holiday.
No need to overthink it, just choose the package that fits your needs.
Enjoy your holiday with your family!
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