An upcoming overseas travel or holiday can be an exhilarant experience. However, leaving unprepared with appropriate Travel Insurance can expose one to undue risks and stress. We have checked our records to come up with the ultimate top 5 travel insurance claims in Singapore.
You may also think Travel Insurance is not necessary because you are not taking part in any risky activities. However, records show that most claims arise from the most mundane day-to-day activities. You are going to a beach resort and go for a jet-ski ride and something happens. Or you go on a small hiking trip in Nepal and trip of a rock.
- You are going to a beach resort and go for a jet-ski ride and something happens
- Or you go on a small hiking trip in Nepal and trip of a rock
- In Singapore, it is safe to leave our wallet on a table and go get some food, that is not so much the case in neighbouring countries and your wallet gets easily stolen.
These simple things can happen easily and a really a bummer for your holiday experience.
1. Delayed, Lost or Stolen Luggage
It would be most frustrating in a foreign country waiting at the carousel for your luggage that never comes. Luggage can go missing whether it’s put on the wrong plane, mistakenly picked up by another traveller or simply stolen at the carousel. Travel insurance does cover such unforeseen situations. However, it doesn’t cover unattended items.
2. Lost and Stolen or Damaged Items
Expensive items such as cameras, mobile phones, laptops can go missing, stolen or damaged. Having Travel Insurance can help compensate these unforeseen losses.
3. Lost or Stolen Money and Credit/ Debit Cards
When you are overseas and realised your credit/ debit cards are missing or stolen, it may be too late to stop any unwanted spending when you contact the bank to cancel the lines. Since our local credit/ debit cards do not require a PIN code for purchase, the finder can simply walk into any shops to use it. Travel Insurance can surely provide a peace of mind under such unfortunate circumstances.
4. Medical Expenses
Imagine the frustrations of being seriously ill or injured in a foreign country and you don’t speak the language. On top of it, you may end up with a medical bill shock at the end of the hospital stay. The amount can be catastrophic with daily hospital bill in the California, USA averaging USD3500 a day (source: Kaiser State Health Facts). Comprehensive Travel Insurance will surely help reduce your burdens significantly.
5. Cancelled or Delayed Flights
Flights are often cancelled or delayed for various reasons. Worst, if you miss your connecting flight with another airline, you may end up paying more to get onto the next available flight. While you aren’t able to control the timeliness of your airline, Travel Insurance can come in handy to compensate for any unforeseen expenses.
Don’t be a victim of this top 5
Of course, you are smart and don’t let ordinary events cause you discomfort or even worse distress. Before you pack your bags – see our ultimate travel checklist – buy a Travel Insurance Policy that gives you peace of mind for a fair price.