Many people still wonder if travel insurance is necessary, or if it’s just a trick from those insurance companies to get a larger profit. Indeed, travel insurance can ensure your safety and compensate for many other unpredictable situations which possible to happen during your trip, such as flight delays, natural disasters, financial loss due to pickpocketing, etc.
Let’s read more in the article below to have a closer and more accurate look at travel insurance.
Contents
Should We Buy Travel Insurance?
Credit Cards Offer Free Travel Insurance
How To Choose The Suitable Travel Insurance?
Compare Various Travel Insurance Packages And Price
Choose The Suitable Travel Insurance Package
What is Travel Insurance?
According to Nation Wide, “Travel insurance is coverage designed to protect against risks and financial losses that could happen while traveling”. In other words, those who purchase travel insurance are covered against losses incurred during travel, such as accidents, illness, lost passports, and luggage. Insurance coverage is available for children and adults ages 1 to 75.
There are various types of travel insurance, we can divide them based on travel locations, subject of insurance, or travel times of one individual.
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Based on travel location |
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Based on the subject of insurance |
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Should We Buy Travel Insurance?
There are problems and risks that can arise at any time even though there are preventive measures such as delayed flights, loss of personal documents, illness., accident, etc. especially when you are in a foreign country. When you buy travel insurance, you will enjoy the following benefits:
- Protect your family and yourself against risks: There are many risks that occur during travel and work in other countries such as illness, disease, accident, etc. Travel insurance will cover the cost, and support to fix the problem in the best way for you.
- Handling problems arising at the airport: Your flight may be delayed or canceled due to weather influences, and flight schedules. In this case, travel insurance will help you solve the problem quickly.
- Handling paperwork issues: In many cases where customers lose their passports or visas, and important personal documents while abroad, travel insurance will cover expenses such as applying for a new passport or re-issuing a new passport. passports, hotel expenses in the process of applying for documents, …
- Emergency support: In case of emergency such as emergency, medical transportation, etc., travel insurance will call for transportation such as an ambulance, or plane, ... to ensure customers' safety.
With the above benefits, considering buying travel insurance is a way to help you travel with peace of mind against unforeseen risks.
In addition, some countries require travel insurance when entering such as European countries in the Schengen area (Sweden, Finland, Germany, Poland, Czech Republic, Denmark, Netherlands, ...), USA, Thailand, Cuba, United Arab Emirates (UAE), Turkey, etc.
How to Buy Travel Insurance
Credit Cards Offer Free Travel Insurance
Getting free insurance with a credit card is a great way to save money. There are some credit cards that offer free travel insurance as part of their travel packages. It is most often required that you charge your credit card for airfare to qualify for free coverage in those cases.
The amount of travel insurance offered by each card issuer varies, and some even give free coverage to spouses and dependent children.
Figure 1 Compare credit cards with travel insurance. Credit: Forbes
An Overview of The Plan
A basic insurance plan might be cheaper than a comprehensive plan depending on the customer's needs, the time it takes to travel, and where he or she travels. There is usually only a slight difference between a basic and a premium plan in terms of coverage.
If you are preparing for a short trip, basic planning may suffice as a small mistake could send you back home in no time. A more comprehensive plan can give you peace of mind if you are traveling to a high-risk country, such as in areas that are at high risk from natural disasters.
Research and Compare
Take the time to research and compare travel insurance policies to get the best deal. Choosing the right travel insurance plan isn't the only way to ensure passengers get the best deal. Besides that, some factors to consider are the duration of the trip, destination, price range, benefits, additional coverage, 24-hour concierge service, and extreme sports coverage. dangerous.
How to Choose Suitable Travel Insurance?
It’s a common question people used to be asking around.
The Well-known Travel Insurance Service Provider
When surfing the internet for “travel insurance” plus “location or country”, for sure there will be plenty of full options for you, from the international corporation to S&M companies. Some noticeable names are Standard Chartered Bank, Chubb Life Insurance, HSBC Bank, etc. As we mentioned before, deciding which deal to be made would be based on your trip decision and the coverage levels of the packages.
Referral Travel Insurance from Relatives/Friends
It’s more common for not only Asian but also worldwide, to use some brand-new service through the recommendation of our friends and family. The highlight of this option would be the experience from someone who already paid for it, not for the flirting words and trying to push sales on the Internet.
The Linked Network with Travel Agents
Travel insurance is commonly provided along with the whole tour package. In another scenario, if you want to apply for travel insurance separately without joining their travel plan, do not hesitate to reach out and offer to buy their service.
Conclusion
The old sayings “hope for the best and prepare for the worst” is the best description for choosing to have travel insurance. It encourages you to enjoy your trip at ease. All unexpected things can cause fatigue, exhaustion, and even emotional damage in some cases. It will never be too late to get the preparation for the future.
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