3 Times Travel Insurance Would Be a Lifesaver

Frequent travellers in Singapore will know the importance of travel insurance and how it can protect them against the unexpected events. However, for some, travel insurance is just one more expense and they often ask the question – “Do we really need it?” In actuality, buying travel insurance is a smart move. Insurance is like emergency care for when things unexpectedly go wrong while travelling in a foreign country. Here are some of the more common examples of when travel insurance would prove invaluable:

1. When You Miss Your Flight

A missed flight might occur when a traveller cannot board their scheduled flight on time due to scheduling errors or unforeseen circumstances. There are many reasons for which one can miss their flight ranging from something as simple as getting into a traffic accident on the way, to having their passport stolen, or just being too ill to travel. Your travel insurance coverage for those missed flights will reimburse you for your non-refundable trip expenses. Remember, insurance cannot cover missed flights in situations where it is due to personal negligence, like when you forget your passport, waking up late, or reaching the airport late for security check-up.

2. When you are robbed abroad

Being robbed while on holiday is always a tragic circumstance, but having travel insurance can certainly lessen the impact it has on your trip. Travelers are easy targets of pick pocketing and robbery. It has been found that 33% of all travel insurance claims are for stolen personal property. Depending on the coverage you chose, important personal possessions and essential documents like your passport could be covered by the insurance. Some policies will also reimburse you for losses that you may incur due to a stolen passport. It is still advisable to report the incident to the police, and show the police report to your insurer when making an insurance claim.

3. Medical Emergency

Falling sick or getting injured on vacation or while on a trip to a foreign land is never a good feeling. Unexpected incidents, such as breaking an ankle trying something new, your child getting food poisoning or any other medical emergency, can turn a dream trip into a nightmare. However, travel insurance can ease the pain of such emergencies and reimburse you for all costs incurred during treatment abroad. Some insurers in Singapore even offer medical travel insurance plans that specifically protect you while travelling overseas. As always, make sure to check the terms and conditions section of your insurance contract to know for which emergencies you and your family are covered for while traveling.

Travel insurance packages in Singapore are not made the same and there are many different things to consider when buying travel insurance online or from an insurer directly. It’s important to make sure you are getting the right coverage so that when you get into any of the aforesaid situations, you can get your losses covered by your travel insurance provider.