TRAVEL
PROTECT
6 Reasons You Need Travel Insurance
Going on vacation offers an opportunity to unwind and get a momentary break from work. It also offers the opportunity to spend quality time with your family. Whether it’s in Europe, the United States, or Brazil, traveling allows you to see places you can only see in movies. But as fun as it can be, traveling in unknown territory offers potential risks.
While on vacation, it is possible that you could get sick because you are not acclimatized to the weather in the area or you are not used to the food. Since you are not familiar with the place, it may also be possible for you to become a victim of theft, robbery, or burglary. When traveling, you need some kind of protection from various emergencies. Travel insurance does just that. It frees you from having to make out of pocket expenses for unforeseen circumstances.
What Should My Travel Insurance Include?
In the market for travel insurance? Perhaps you are asking yourself if it’s worthwhile to buy one for yourself. Traveling involves a lot of risks. Your luggage could get lost, your flight can get delayed, or worse you may get injured while skiing or you could suffer from a major illness. When looking for travel insurance, make sure that it covers the following
Injury or Sickness
Most travel insurance policies offer protection against injuries or sickness. Some health insurance policies don’t provide full coverage of medical expenses in foreign countries while other plans offer zero coverage at all. Travel insurance can complement your health insurance and may cover medical costs that your health insurance provider does not cover.
Lost Luggage
Lost luggage can be an inconvenience on your part. It could result in missed or delayed flights. According to the Civil Aeronautics Board or CAB, lost baggage is one of the top two complaints among passengers in 2017 and the first half of 2018 accounting for a fifth of the total 360 complaints received during the first six months of 2018. Travel insurance helps compensate the cost you incurred from lost luggage.
Last-minute Cancellations
Flights or cruises get canceled for various reasons. In most instances, you may not be able to get a full refund of the cost of the ticket. Also, if you cancel in advance, you might also not get a full refund. With travel insurance, you could at least recover the cost of the ticket you purchased. We do not have full control of unforeseen circumstances so you would want to be covered just in case
Coverage Not Offered By Your Credit Car
Your credit card comes with travel insurance but it has limited coverage. For example, they have annual limits for cancellations and interruptions, if offered at all. Unfortunately, credit card companies do not cover the most expensive travel risks. This is where the benefits of travel insurance kick in. It may cover things like medical expenses or emergency evacuations.
Why Do You Need Travel Insurance?
In the market for travel insurance? Perhaps you are asking yourself if it’s worthwhile to buy one for yourself. Traveling involves a lot of risks. Your luggage could get lost, your flight can get delayed, or worse you may get injured while skiing or you could suffer from a major illness. When looking for travel insurance, make sure that it covers the following
1. While abroad, You May Become Hospitalized
You may not know it but you may meet an accident or fall that requires hospitalization while you are abroad. If this happens, you may not have the ready cash to pay for the cost of hospitalization or medical procedures. Also, you may not be able to handle the professional fees from your own pocket as well as the costs of medicines that will be prescribed by the physician. Travel insurance from Assurance.PH will shoulder those emergency medical expenses you might incur while traveling.
2. You May Need Emergency Evacuation Transportation
In case you get involved in an accident or get inflicted with a life-threatening illness requiring evacuation via ambulance, airplane, or the most suitable means of transportation to a medical facility, you may not have the funds to pay for the transportation.
3. You May Become A Victim of Theft, Robbery, or Burglary
While abroad or traveling, you may lose your travel documents or personal money. While trying to recover your lost documents or money, you may need to extend your stay in the hotel resulting in additional expenses. An Assurance.PH travel insurance policy covers expenses for lost travel documents and personal money.
4. Your Flight May Be Delayed Due To Emergencies
There are times when your flight may be delayed by more than six hours as a result of acts of nature, mechanical breakdown or sunset limitations which might lead to additional expenses for transport and hotel accommodation. Assurance.PH offers coverage for delayed departure.
5. You May Die or Become Permanently Disabled Due To An Accident While Abroad
In case of an accident resulting in your death or permanent disability, your beneficiaries may lose the benefits they used to get when you were still earning an income. They may also suffer financially until they are able to adjust and cope with your loss. At Assurance.PH, a personal accident benefit will give you the financial protection needed to recover from your sudden loss or disability.
6. During an accident, you may cause another person’s death or bodily injury or damage to a property
In case of an accident resulting in injury to individuals or property, you may not be financially, professionally, or legally capable to resolve matters concerning those affected. An Assurance.PH personal liability rider covers any expenses in case you are held liable for third-party injury or damage.
What Isn’t Covered By Travel Insurance?
It is worth noting that while there are things that a travel insurance policy covers, there are also conditions that your insurance policy will not cover. For example, if you have a preexisting condition or visit an area marked by political unrest. Make sure to clear this out with the provider before purchasing the policy.