Purchasing Travel Insurance Singapore | Common Mistakes to Avoid Buying Travel Insurance

Insurance | Travel Insurance

In this blog, read about the common mistakes while purchasing travel insurance in Singapore.

Common Mistakes While Purchasing Travel Insurance in Singapore

How many of us actually know how to go about finding good travel insurance that meets our requirements? 

Purchasing the most ‘convenient’ travel insurance:

Do you simply purchase the first travel insurance that appears on Google? It is critical to read the details of the coverage provided to determine whether it is adequate for your needs or covers the risks of the destination you are visiting, such as medical coverage and personal belongings loss.

Purchasing last-minute travel insurance

Do you frequently purchase travel insurance while waiting to board your flight or on your way to the airport? Yes, it is better to be late than never. However, you should be aware that some travel insurance benefits (for example, natural disasters, airline strikes, and tour agency bankruptcy) are only available if you purchase travel insurance in advance of your trip.

Not purchasing travel insurance for the duration of your trip

Should you only purchase travel insurance for the days you are actually abroad? No. Flights to and from your vacation destination should be included. You would be able to make a claim in the event of baggage delays, loss or damage, or flight overbooking. Remember to account for the +1 or +2 days it takes your flight to arrive in Singapore for long-haul trips.

Failure to Read Your Travel Insurance Policy

Not all travel insurance policies are created equal. Indeed, the policy document and terms of coverage are quite interesting to read. Do read the policy document to determine what is included and excluded, the claim limits, and what must be done to file a claim.

There is no one-size-fits-all solution

If your vacation includes adventurous activities such as skydiving or scuba diving, make sure the travel insurance you are considering covers these activities. Alternatively, ensure that no adventurous activities are excluded from the claims. A cover for golfing equipment and a hole-in-one should come in handy if your vacation includes golfing. You understand what we mean!

When is the best time to purchase travel insurance?

There are numerous things that can go wrong while travelling. Half of these things could occur before you even leave the country! Waiting until the day of your trip to purchase travel insurance (or, worse, after you’ve already crossed into international waters) puts you at risk for major and minor travel inconveniences such as delays or postponement. A good travel insurance policy will also cover you if your entire trip is unexpectedly cancelled.

As soon as you’ve planned your trip, you should purchase travel insurance online. Getting your travel insurance as soon as possible does not make you a “kiasu.” This is because you’ll want to get the most out of the policy’s coverage. For example, if you haven’t purchased a policy yet and the travel agency with which you’re booking closes down a week before your trip, you won’t be able to make a claim. The same is true for flight delays and cancellations.

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