Buying Travel Insurance Singapore | Factors to Consider for Travel Insurance

Insurance | Travel Insurance

Do you take purchasing travel insurance in Singapore for granted? Only a few people care to buy travel insurance in advance. And even fewer compare travel insurance in Singapore. Read this blog if you have plans to travel abroad post the pandemic. In this blog, we talk about buying travel insurance Singapore.

Do you Have Travel Insurance?

Most people buy travel insurance policy is when there is a travel insurance sale in Singapore. Premium prices drastically reduce during such promotions. However, purchasing a policy simply because it is inexpensive is not a wise idea. Here’s what you should keep an eye out for before purchasing travel insurance in Singapore

Buying Travel Insurance Singapore

Travel Insurance Provides You Protection

A decent travel insurance coverage will cover you for a wide range of events. From minor inconveniences to the most serious mishaps. You never want to be in a scenario where you aren’t insured. With travel insurance, you have protection for your luggage being delayed for one night and much more. It could also be quite serious, such as being stung severely by a jellyfish while on a remote island excursion and requiring quick medical assistance.

As a result, you should have coverage for anything from lost and delayed luggage to flight delays and cancellations to medical treatment, medical evacuation. And even repatriation in the event of extreme illness or death. Of course, the level of coverage varies depending on the situation.

What More Does Travel Insurance Cover?

Travel insurance also covers things like reimbursing deposits if your travel agent goes out of business or if your credit card is used fraudulently abroad. Some policies may even compensate you if you are kidnapped while travelling abroad! The best thing is that a policy is relatively inexpensive and simple to obtain.

What types of travel insurance should I consider?

With so many distinct benefits in one policy, it can be difficult to determine whether or not a travel insurance policy is worthwhile. You can keep an eye out for how much you get paid for common travel problems. Flight delays and cancellations occur more frequently than you may realize. They are quite inconvenient, especially if it means missing your connecting flight. Check to see if your coverage covers you for a reasonable amount of time. If your flight is delayed, for example, some insurance may reimburse you $100 for every 6 consecutive hours of delay.

Lost Baggage

Only lost baggage is worse than delayed baggage. Having a travel insurance policy adequately covers you in such scenarios. Some policies pay up to $800 for each item of lost baggage and $200 for every 6 consecutive hours your baggage is delayed. Be aware of the maximum amount for which you are insured.

The last, and arguably most crucial, consideration is medical coverage abroad. You never know what can happen on your trip, it actually wise to be cautious, than sorry. An excellent travel insurance policy will cover you for at least $200,000 in medical expenses if you get sick while travelling. Good insurance also includes limitless coverage for medical evacuation and repatriation in the event of an emergency.

When is the best time for buying travel insurance Singapore?

Get a policy as soon as you plan your travel. Nowadays, you can even buy insurance online! Try 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 whom 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. 

Travel insurance Singapore