Even with the best-planned vacation, unexpected things can still happen. Travel Insurance can help to alleviate your distress and pain in such situations. Here is an overview of what is commonly covered by Travel Insurances. We detail how you can save yourself a lot of trouble for a relatively small sum of money. Even if you are not seeking coverage for the financial risk, having insurance coverage can also mean having access to the insurers’ SOS support service.
1. Overseas Medical Expenses
Falling sick during the vacation is one of the worst things that can happen to any traveller. Depending on the seriousness of it, possible medical attention including costly hospital stays and treatments may be required. Travellers should not have to worry about affordability or look for various medical options while seriously ill in an unfamiliar country.
This actually happened to our friends who brought their five-year-old son to Disneyland, in the USA, for a family vacation. Their son fell sick after a week. At first, they gave him normal fever medication to bring down his temperature but when the fever did not subside, the couple rushed their son to the hospital. At admission, they had to show proof that they possessed sufficient medical coverage before their child was warded. The doctor prescribed a battery of tests on the child to find out the cause of his fever but could not find it. Fortunately, after 3 days of constant tests, the correct antibiotics was given to the child and he was discharged after 10 days. The medical bill came close to USD100,000! Our friends were so relieved that the insurance covered the bill and they could go home with their fully recovered son. Read another story where the insurance company paid for all overseas expenses.
2. Baggage and Personal Belongings
There are a few common things most travellers do during their vacations – sightseeing, sampling the local cuisine and culture, enjoying the activities unique to the country and buying souvenirs. In some cases, there may be large purchases for some travellers such as wood carvings and paintings from Bali, ceramic plates from Jerusalem or Sami craft such as engraved boxes from Sweden. When our baggage or belongings are damaged, lost or stolen on the way to our destinations or on the way home, it is both distressing and costly to replace.
Another friend of ours had lost her luggage filled with personal items as well as numerous souvenirs from Taiwan on the way home. She was travelling with her family of 15. Her luggage was the only piece that did not arrive in Singapore. She was heart-broken. Her only consolation was she was able to claim the loss of luggage, her personal items and her purchases from her Travel Insurance. She submitted all the receipts of her purchases with her claim form. She received her claim amount close to the total value submitted except the cost of her luggage because there was a cap on the claim limit for her luggage as stated in her insurance.
3. Trip cancellation, postponement or curtailment
When you book your trip, the last thing on your mind is to cancel it. Unfortunately, that may change because of a variety of reasons including a travelling companion suddenly fallen very ill, a family member suffering a life-threatening illness such as stroke or heart attack or you have to be quarantined due to an outbreak of infectious disease. There could be an unexpected outbreak of strike, riot or civil commotion. Natural disasters such as earthquake, typhoon or flood and adverse weather are some of the reasons for the cancellation or postponement. Trip curtailment could happen due to an emergency and resulted in you going home. Your trip could be cut short due to you being hospitalised.
One of our friends knew a couple preparing for honeymoon who had discovered that the groom seemed to show signs of chicken pox. A visit to the doctor confirmed their suspicions and they decided to postpone the trip. They were compensated on the additional costs charged by the hotel and airlines for the postponement.
4. Personal Liability
Breezing down the ski slopes may be a joy to you but if someone is injured because of your action it can bring you a great legal problem. The injured party can claim against you for injury as well as damaged property. Personal Liability benefit will cover you in such a situation. It is prudent to purchase Travel Insurance so that you do not need to fork out huge legal fees and possible damages to any affected party.
5. Personal Accident & Emergency Medical Evacuation
Accidents and injuries happen. When it happens, you may need urgent medical assistance. Sometimes you need to be airlifted out of the scene of an accident immediately. Having the Emergency Medical Evacuation benefit in your travel insurance gives you the peace of mind that you will get the best medical attention in times of need.
Now you know the 5 main reasons why you should never travel without insurance, be smart and cover yourself and your loved ones before you take off on your next holiday or trip. Be wary of those cheap Travel Insurances you get with your credit card or when you book a hotel. To compare quality and price in an objective manner, use our Travel Insurance site and compare the policies of some 12 insurers. If you find what you like you can buy on the spot and be insured within minutes.