Of course you must!
The free Travel Insurance tied to your credit card usually comprises of a basic personal accident policy coupled with some compensation for loss of baggage and personal effects, delayed baggage, travel delay and travel misconnections. In other words, the policy does not cover any serious injuries occurred during your trip. It is unlikely that the free Travel Insurance will cover your medical expenses or provide you with personal liability coverage.
I always make sure that I have Travel Insurance coverage when I travel, especially when I travel with my family. The peace of mind that I will be covered when I require medical attention overseas, accidentally cause injuries or damage to third parties or when my travel agent goes bust before my trip, is priceless.
The number one reasons to buy Travel Insurance
One of the important coverages found in standalone Travel Insurance is the cost of emergency medical evacuation and repatriation. Imagine that you are stranded in a place with inadequate medical facilities and the only viable option is to be medically evacuated by air to the nearest hospital or even back to Singapore for treatment. Hiring an air ambulance can be very costly if you have no insurance coverage.
However, as with all insurance policies, there are exclusions to the insurance company’s liability. The main exclusions which should be mindful of include pre-existing medical conditions and high-risk activities. If you need additional or higher coverage, you can always discuss with the insurer. Always remember that there is continuing duty of disclosure to the insurer. If you are in doubt whether there is something which you should inform the insurer before the trip, just tell your insurer so that they cannot disclaim liability at the end of the day.
The next step
Finally, do note that there may be special timelines for notifying the insurers of the potential claims. As a general guide, bigger claims should be notified within 24 hours whilst the smaller claims can be made when within 30 days of your return or when the claim is made against you. Compare and buy your next Travel Insurance directly online.