Mobility is has become a simple matter of choice. In the not so distant past, travelling abroad was practically a leisure afforded only by an elite few. If not for some remote opportunity or chance, many regular workers and average income earners cannot afford to travel abroad. Today, travelling is affordable and almost readily realizable. It is just a matter of choosing time and place.
But one thing has not changed though. Or if it did, it has become all the more necessary especially considering frequency and quite ready option to travel. Yes, the need for a travel insurance has become a very basic human need in the face of modern condition characterized by the many prospects of travelling.
Travel Insurance Benefits
Travel insurances work just like any other insurance and provided security by protecting insurance holders from financial damages of unexpected health problems, physical accidents or travel nuisances. Typically, a travel insurance holder gets payment in at least two instances: accident or medical incidence or any event travel of inconveniences. In Singapore, travel insurance coverage includes medical bills for medical care in the untoward event of accident, illness, disability and death. More recently, the benefit of travel insurance has also extended to inconveniences, which simply means travel insurance provide reimbursements in cases of flight cancellation, delay or lost or damaged baggage. Other companies also have insurance add-on that cover missed flight connections or cancelled lodging reservations.
The wide range of benefits of course varies depending on the type of insurance that a person secures. Cheaper travel insurance premiums, or “economy” or “standard” insurance packages sometimes have limited coverage while more expensive packages might include unnecessary coverage. Travel insurance coverage, or more particularly, the cost of coverage depend on duration and destination. For instance, most travel companies categorize destinations depending on geographical clusters, that is, whether the destination is Asia or other global areas and the price rises as the area destination widens. And then, the travel is categorized as short-term or long term for which there are distinct types of computations per category. Although there are firms that compute daily rates, many cheap travel insurance companies in Singapore calculate the cost and value of the travel insurance based on weeks. For instance, 1 or 2-week long trips across different regions travel insurance can increase by almost half the regular price.
Other Considerations
While travel insurance by themselves seem to cover an extensive list of needs, there are other considerations to take note of in order to derive the most security benefits. For instance, those looking for insurance may want to consider the condition of the country of destination such that countries with high crime rates, or those with current travel notices from local foreign affairs offices are high-risk areas and it is better to have an extensive travel insurance coverage. Also when travelling during stormy seasons or in bad weather, an insurance that could cover re-booking fees may be practical considering the possibilities of flight delays and cancellations.
Type of activity must also be considered. Those planning on heavy recreational outdoor activities must secure more comprehensive coverages compared to those travelling for a quick business trip. Even travel gadgets and valuables must be factored determining the best travel insurance to get. Or when planning regular land travels or road trips in the place of destination, which usually involves getting car rentals, getting a car insurance quote in your existing insurance or securing a different one in the country of destination, can significantly provide better security or at least, peace of mind.
