5 Benefits of Travel Insurance Policy

Travel insurance may seem like an unnecessary item when planning for a vacation. Why spend money protecting yourself from a disaster that might never happen anyway? Whether you’re traveling in Singapore or around the globe, you’re looking forward to a pleasant experience. However, it’s not uncommon to encounter travel-related risks such as unexpected medical complications while on a plane. Expensive vacation disasters, including lost possessions, cancellation, and medical emergencies can also strike at any time.

Typically, having travel insurance in Singapore affords you the following benefits:

Medical Emergency

If you or a member of your household falls ill while on vacation, your travel insurance in Singapore will help you cover the doctor and hospital bills. You’ve probably heard about people traveling without travel insurance, then they fall sick or get injured and end up needing medical care in a foreign country. They’re required to pay the cost of treatment out of pocket, which might, at times, total to thousands of dollars.

Medical cover is the main reason why many people purchase travel insurance. You want to ensure everyone is safe while you enjoy your holiday.

Cancelation Cover

You’ve saved thousands of dollars for a once-in-a-lifetime vacation in Singapore. You want to tour beautiful places such as Gardens by the Bay, Singapore Flyer, Singapore Botanic Gardens, Universal Studios Singapore, and Sentosa Island for your 20th wedding anniversary. But just two days before the D-day, your mother falls sick and ends up in a hospital. Unfortunately, there’s a company policy that states you can’t get refunds within 14 days of departure.

Having travel insurance in Singapore will come in handy in a situation like this. If your policy has travel cancellation benefits, you’ll get reimbursement for prepaid and non-refundable travel costs when you cancel a trip with valid reasons. These reasons can include a medical emergency, the death of a family member, and a natural disaster that makes your travel destination inhabitable.

Personal accident and activity cover

Holidays are meant to be memorable, and you might decide to take the plunge and try out a new adventure. You might want to experience some activities that can cause an adrenaline rush for the first time, such as:

·     Skydiving

·     Jet skiing

·     Winter sports

·     Bungee jumping

·     Cage diving with sharks

·     Ziplining

·     White water rafting

Your travel insurance policies provide cover to a plethora of activities to ensure you’re protected in case of personal injury and treatment costs should anything go wrong.

Loss Of Personal Possessions Travel Documents, and Gadgets

One of the most common and annoying disasters when traveling for vacation involves personal possessions, such as lost passports and travel documents, delayed baggage, damaged gadgets, or theft of items you bought on your trips such as clothes, jewelry, and eyewear. Usually, there is a total monetary amount covered for these problems, but ensure that you check your policy limits to see if it’s enough to compensate for the valuables you are taking with you. For example, if you want to cover your jewelry or gadgets, it’s vital to ensure it’s covered as standard on your policy, or you can cover them with an add-on to your policy options.

Please note: Some of your belongings are included as standard, while others will require you to pay an additional extension. Check out this information with your travel insurance company before traveling.

Legal Expenses

If you need legal advice on issues related to your trip or need help pursuing a claim, a majority of travel insurance in Singapore includes a section that’s dedicated to helping you solve legal matters. For instance, you might need legal guidance because someone has injured you while out on vacation or you’ve destroyed property, caused death or bodily injuries to a third party. Your travel insurance will help you cover any unforeseen legal expenses such as accidental death or disability, which might occur following an accident during your trip.

Bottom Line

Travel Insurance is an essential requirement when planning to go for a vacation or business trip. It provides coverage against a wide range of travel-related risks, and more importantly, offers medical treatment for your safety and that of your family. Having Travel Insurance is incredibly beneficial for a traveler who wants to have the best experience and return home sound and healthy. Get Travel Insurance Quotes now!