Planning to go on an exciting holiday? Many travellers skip on getting travel insurance for themselves thinking they won’t need it but in fact having a good travel insurance policy can protect you financially and medically for when things do not go as planned. We hear about travellers losing their luggage in transit all the time and having travel insurance allows you to carry on with your holiday when situations such as this happens.

Generally, travel insurance covers: Trip cancellation, accidental death or serious injury, and medical coverage.

Going into detail of the more common coverages such as trip cancellation, this allows you cancel your trip because of sickness, death and other valid reasons that are stated in the policy. Your flight tickets will be reimbursed for you to reschedule your trip for another date.

Below are just some of the common scenarios which will allow you utilise the trip cancellation coverage:

  • Unable to get time off work or retrenchment
  • Natural disasters force your flight to be cancelled or damages the place you were headed to
  • Your travel supplier goes bankrupt
  • You, your family member, or the person you’re travelling with experiences an injury, death, or sickness
  • An act of terrorism occurs at the place you were headed to
  • You are required to be present for jury duty

The trip interruption coverage is quite similar to the trip cancellation coverage. The only difference is that it covers you during the trip. For the same reasons mentioned above where you will need to make your way back home during your holiday, the insurance plan will cover you for the rest of the trip that you were not able to enjoy and also other bills that come along for your trip back home.

One of the more important coverages that many travellers seem to skip out on is the medical expense coverage. Many travellers assume that the health insurance that they currently have will cover them when they go abroad. Most health insurance plans do not cover you when you leave the country.

If you or a family member travelling with you got into an accident, the medical expense coverage covers the expenses incurred while acquiring treatment during the trip. The medical expense coverage will also allow you access to good quality health care. This is especially important when the quality of the country’s public healthcare is not as high as what you are used to back home.

Even if your current health insurance plan states that it will cover you when you are abroad, do compare it with a travel insurance plan to make sure you won’t be missing out on other important coverages such as evacuation and repatriation.

The emergency evacuation coverage helps with the cost of transporting you to a medical facility of your choice. This coverage also covers the expenses for airlifts or flights that are equipped medically in the event that an ambulance cannot get to by road. Emergency evacuations are incredibly expensive and can cost tens of thousands of dollars.

Coverage for baggage delay, baggage, and travel delay are not the most crucial things to be covered for but they would most certainly make things more convenient during your trip.

Baggage delay coverage – As a somewhat common occurrence, the baggage delay coverage aids you with additional cash for the essentials like a change of clothes or toiletry kit.

Baggage coverage – Losing your bags can really put a dent in your travel plans especially if there were things in the bags that you needed for your trip. The baggage coverage will reimburse you in the event that this happens.

Travel delay coverage – This coverage provides you with that extra bit of comfort when you have to wait it out during a delayed flight. You will be reimbursed for your meals or a stay at a hotel.

Believe it or not, there are also times when a travel insurance plan is simply not necessary. One of those times are when you go on a cheap trip within the country. If you have health insurance in your home country, then it should also cover you when you travel domestically. Other times when you do not need travel insurance is when you can afford to lose the money you spent on the trip. For example, if the trip only comes up to a few hundred dollars then there is not much need to insure the trip. Taking last minute trips where you will need to leave within the day or next few days will allow you to skip on getting a trip cancellation or interruption coverage.

However, as a rule of thumb if you are going abroad, you should at least purchase a travel insurance plan which has evacuation and emergency medical coverage.

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Kudos to you guys for taking steps to make insurance a more bearable user experience :]

PHILIP, Start-up Co-founder, CHINARating