Why Buy Travel Insurance
Buying a travel insurance before you go on a trip will gives you a piece of mind. The last thing you will ever want, is to turn your dream vacation into a nightmare if you are not prepared. Worst is to chalk up a big medical bill should anything goes wrong during a holiday. It definitely pays to look at the details before you purchase a policy.
What are the main categories of travel insurance should we look at?
- Medical Expenses
- Emergency Medical Evacuation & Repatriation
- Accidental Death & Permanent Disablement
- Travel Inconveniences
Even policies purchased from same insurance company has different payable limits. Choose one that you feel will cover your needs the most.
Protects if the policyholder becomes ill or is injured while travelling. Most insurance companies' covers overseas medical expenses and post trip medical expenses. Some even overseas hospital allowance for each day of hospitalisation whilst overseas.
Emergency Medical Evacuation & Repatriation
Emergency Medical Evacuation becomes extremely useful should you become stranded in any remote rural area without easy access to needed medical facilities. Choose one that provides 24-Hour Assistance Hotline. This is important, since they will assist on travel information and medical referrals whilst overseas.
While Emergency Medical Evacuation provides transfer to the nearest local hospital during a medical emergency whilst oversea. Emergency Medical Repatriation provides for repatriation back to Singapore for emergency medical treatment. Both process are very costly. Therefore it is advisable to source for one that provides unlimited coverage.
Accidental Death & Permanent Disablement
These type of insurance pay benefits to insured beneficiaries in the event of an accident resulting in death or permanent disablement.
Policies differ in terms of acceptable reasons. Nevertheless usually covers:
- Serious illness
- Natural Disaster
- Riot or civil commotion at the destination.
Financial Collapse of Travel Agency
They reimburse the non-refundable pre-paid travel expenses if the travel agency goes bankrupt.
Please refer to Travel Insurance Claims Procedure and Documentation for more details on how to claim travel insurance in Singapore.