TravelMaMa's Little Story ❘ Travel Insurance

The People's "Protection" in the Chapter of Faith

Many people overlook travel insurance, simply booking flights and hotels and waiting to go on their trip. I've even heard of people thinking that having life insurance is equivalent to travel insurance. Dodo Sister has mentioned this in government advertisements:

Unfortunately, in reality, no one will warn you when an accident might happen.

Remember, in case of an accident while traveling, a good travel insurance policy is your strongest safeguard. Understand the uses of travel insurance, and then analyze what type of travel insurance best suits your needs.

1/ InsuranceGeneral coverage

Generally speaking, common occurrences during travel, such as lost, damaged, or delayed luggage, or lost money, are usually covered by travel insurance. Compensation for accidental death or permanent disability during the trip, as well as reimbursement for local medical expenses, varies depending on the coverage amount of your insurance policy. However, it's important to note that some travel insurance policies include a "deductible" for medical expenses. This deductible, broadly speaking, refers to the portion of the loss you, as the insured, are responsible for for each claim. The insurance company has the right not to fully refund this amount!

Travel insurance often includes a "trip cancellation" clause, which covers cancellations made by the traveler or their family due to serious accidents or illnesses.

2/ General Exclusions of Travel Insurance

Simply put, war, terrorist activities, and serious riots are not covered by travel insurance. Accidents caused by extreme sports during the trip, pre-existing medical conditions, or even suicide will not be covered by travel insurance.

3/ Questions to ask before purchasing travel insurance:

• Where will you travel to?

Different insurance plans cover different regions and have different premiums, so you need to make sure your travel destinations are included in the coverage before purchasing insurance. If your trip is limited to Asia, Asian travel insurance is sufficient; otherwise, you may need to choose a global coverage plan.

• Are you traveling with family?

If traveling with children, it's crucial to thoroughly understand your travel insurance plan. Children traveling with their parents can purchase a "Family Travel Insurance Plan" together, enjoying lower premiums. Traveling with elderly parents requires separate travel insurance for them. Most importantly, pay attention to the insurance plan's stipulations regarding age restrictions and compensation limits for injuries or deaths of young children or elderly parents.

• How to choose the coverage period?

Make sure your trip falls within the policy's coverage period. If you frequently travel abroad, consider a travel insurance plan with a coverage period of six months or one year. This coverage applies to multiple trips within this period, eliminating the need to purchase a separate travel insurance policy for each trip.

4/ How is the premium calculated?

Travel insurance premiums are primarily determined by the region, number of days of travel, scope of coverage, and insured amount. Generally, travel insurance premiums are based on the level of risk. The higher the coverage amount and scope, the higher the premium.

Even travel insurance from the same company can have different tiers. For example, policies that cover higher-risk activities have relatively higher premiums.

Finally, travel insurance is generally divided into "single-trip insurance plan" and "annual plan": the former is suitable for people who travel or do business once, while the latter is suitable for people who travel or do business multiple times within a year.