The benefit of travel insurance goes beyond medical coverage to include everything from pre-trip disruptions and flight cancellations to personal accidents and loss of belongings.
Now that travel restrictions are a thing of the past, there is no stopping the revenge travel phenomena that follows a long period of lockdowns. If you too are planning a global-trotting venture, buying a comprehensive travel insurance policy before leaving Singapore may be a wise move. Why? Read on to find out why you should consider buying travel insurance and how you can go about selecting the right one for you.
While travel insurance is not a talisman that promises no harm will befall you, at the very least it covers medical emergencies that can sometimes cost hundreds of thousands of dollars. For example,can cost over S$100,000. Fixing a broken ankle in Hong Kong can also amount to S$8,000. If you don’t have travel insurance, the expenses will have to be paid out of your pocket.
If you are a seasoned traveller, surely you would acknowledge that these are common disturbances that require time, effort and money to mitigate. Thankfully, travel insurance is designed to cover these travel risks and minimise your financial loss.5 Tips for Buying the Right Travel Insurance for You
It is hard to pinpoint which insurer offers the best travel insurance in Singapore because every traveller’s needs are different. However, there are a few tips that may help you find the right travel insurance policy for you.If you have plans to take multiple trips or vacations in a year, opting for annual travel insurance with a flat premium may be more cost-effective than buying multiple single-trip plans.
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