TIPS ON BUYING TRAVEL INSURANCE

DON'T TRAVEL WITHOUT IT

Travel insurance can protect you from substantial losses that result from a variety of situations, including cancelled trips, lost baggage, medical emergencies, supplier defaults, as well as other unforeseen circumstances. Therefore, we encourage you to get one for your travelling in this coming holidays.

Travel Insurance - Protecting Yourself

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Why should I consider travel insurance
Travel insurance is almost always the last thing to cross our minds - if ever - when we make our travel arrangements.

However, no matter how well we plan our trips, we can never preempt unforeseen circumstances. Illness, an accident or a death in the family are often a source of great contention between travellers and their travel agents for cancellation, refunds and compensation on their travel packages. While we can't eliminate travel risks, travel insurance can minimize and protect you against such financial loss.

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Factors to consider before buying travel insurance
Before you select from the wide array of travel insurance available in the market, it would be good to consider the following:

Where are you going?
If you are taking a long haul trip to exotic destinations and or visiting mountainous regions such Latin America, the African continent or the Swiss Alpine, we strongly recommend that you consider taking out travel insurance that has extensive coverage on travel health and medical evacuation. Medical evacuation covers the cost of airlifting via private jet if the medical situation calls for it.

What will you be doing there?
Extensive travel insurance coverage is also important if you engage in adventurous activities during your trip such as white-water rafting, skiing, bungee-jumping off cliffs…etc.

How long will you be there?
If you are taking an expensive prepaid 3-week vacation, you may also like to consider travel insurance. This is because the travel insurance may cover you against the cancellation penalties should an adverse change in circumstance forces you to cancel the trip.

How's your health?
Our physical well being may be adversely affected - some more so than others - by environmental factors such as sudden changes in altitude, humidity and temperature encountered during our trips.

Coupled with the need to adjust to unfamiliar surroundings and fatigue, some of us may be more prone to breathlessness and blackouts.

Travel insurance to cover the medical expenses incurred is always a good precautionary measure.
If you have a pre-existing medical condition, we strongly encourage that you get your doctor's advice regarding the suitability of your trip.

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Guideline to selecting travel insurance
Make sure you know what's covered and the extent of coverage

Generally, travel insurance covers you against:
  • Financial Collapse of Tour Operator
  • Flight delays and misconnection
  • Emergency repatriation for health reasons
  • Hospitalization and medical care in case of illness or accident
  • Repatriation of the body in case of death
  • Cancellation penalties
  • Lost luggage/ travel documents
  • Natural Disasters such as Typhoon, Earthquake and the like
  • Terrorism
  • SARS & Bird flu
  • Rental vehicle excess

The type and extent of coverage will vary according to the plan purchased.

Check the fine print

Read the exclusions carefully.
Certain policies may exclude "dangerous activities" such as scuba diving and motorcycling. The travel insurance would not be suitable if you are embarking on such activities during your trip.
Most policies would require you to declare your pre-existing medical conditions at time of purchase or your subsequent claims may be invalid.

Compare Quotations

You may like to review the various travel insurance products before making a decision.

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