Buying Travel Insurance in Singapore | Five points to Consider

Insurance | Travel Insurance

Many of us do not take travel insurance seriously! And that is the biggest mistake you can make. Travel insurance is the most important investment to make when you are planning a trip. Read this blog, to know five points to consider buying travel insurance in Singapore. We tell what are the factors you should consider when buying travel insurance.

Number one on the list is, Travel Insurance Coverage

Anyone you ask, will suggest that a good travel insurance policy will give you comprehensive coverage. You might be wondering what does comprehensive coverage include? We are here to help you with buying travel insurance in Singapore. Many things can go wrong during your trip and you wouldn’t like to be in a situation that spoils your trip. So, for example, travel insurance will give you coverage for lost or delayed luggage, delayed or postponed flights, cancelled flight tickets, medical emergencies, reimbursement of various fees, credit cards or bank frauds, emergency evacuation, etc. You do not know what can go wrong when you travel. So, it’s better to have a safety net for all kinds of unforeseen situations.

Number two is, the cost of Travel Insurance Policy

In Singapore, travel insurance policy prices depend on various insurance companies. Buying travel insurance in Singapore will need you to be updated with the market trends. You may sometimes get lucky and get a cheap yet, good deal. Many promotions are running at different times of the year and if you keep a close eye, you can buy a good travel insurance policy for a reasonable price. Another tip is to look for regional travel insurance policies. Also, do not always go by the price, cheap deals won’t necessarily give a lot of coverage so choose wisely!

Then look for, the kind of Insurance Coverage

During your travel, you would every aspect to be secured. So, while buying travel insurance in Singapore, research well and choose the best. Some insurers offer $200 for delayed luggage, while some others offer $800 for lost luggage. In this case, you need to compare policies and take a look at the kind of coverage you are being offered. Also, take into consideration, the period of coverage. Check the amount for medical emergencies insurers offer. Remember good travel insurance will give you a minimum coverage of $200,000 for medical emergencies while you are overseas.  Check for added benefits and perks!

Next up, we recommend Comparing Travel Insurance Policies

If you compare different travel insurance policies from various insurers, you will get a better idea of the insurance market in Singapore. Also, it will allow you to understand your needs and choose what suits you. You can pre-determine the coverage allotted for different situations like delayed or cancelled flights, lost baggage, medical issues, etc. Also, don’t forget comparing insurances will give you an idea of the cheapest deals while buying travel insurance in Singapore.

Lastly, Single Trip or Annual Coverage?

This depends on how frequently you travel. If you are a frequent flyer and travel throughout the year, then you should opt for the Annual coverage. Annual Insurance Coverage is good if you travel overseas multiple times during a year. This is will make it easier for you as you do not have to purchase insurance every time to travel. However, if you are just planning a trip overseas and it is a one-time affair then choose the Single Trip Plan.

We wish you have plenty of travel plans in 2021 and get to explore the world!


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