If there is one thing Filipinos love aside from being a foodie, it's being wanderlust. Who wouldn't if your country is a basket of the wonders of nature? From the quaint and tranquil beauty of the north to the rich cultural heritage of the south, there is no stopping Pinoys from exploring and getting out of their comfort zones. Plus, the game has changed in the air travel scene since the unveiling of cheaper airline options for the middle-income earner. We couldn't stress enough why travel insurance should be part of the expenses, nay, investment. Every single day, flights get delayed and baggage gets lost. If you choose wisely in buying insurance, you won't ever have to worry again.
Here are a few items you may want to consider when getting an insurance policy:
1. Does your travel insurance coverage provide the basics?
A basic travel insurance coverage should have the following: trip cancellation, flight delay, baggage loss, emergency medical care and 24/7 hotline assistance. When you shop around for policies, make sure to read the fine print or ask their insurance specialist on the inclusions AND exclusions. For example, the insurance may offer coverage on "trip cancellation" which will refund your flight booking but will it also take care of the reservations you made with the hotel you reserved for your honeymoon? More coverage means higher travel insurance premium but this is not always the case. Some insurers provide better coverage without increasing the price you have to pay.
2. Does your plan provide a comprehensive travel insurance coverage?
A comprehensive travel insurance has a higher premium and therefore covers more features. Always remember that more does not necessarily mean better. An expanded insurance will be necessary, in cases such as if you have medical conditions which may re-occur during the trip or if your itinerary involves extreme sports activities.
3. Does your travel insurance provide options?
Most insurance companies today can give you coverage for single trips to an annual coverage plan for the frequent traveler. Single travel insurance gets you covered for trips that last from 1 day to 180 days, depending on the insurance policy. If you're a businessman and move domestic or international very often, then you may want to opt for the annual coverage. It's cheaper in the long run.
Another set of options is if you are travelling with your family. Most coverage benefits stay the same but will only differ with premium or the amount you have to pay for the policy. In travel insurance plans for families, your legal spouse and children will be covered.
4. Does your travel insurance protect your valuables?
Sometimes, you can't pass on from antiques, paintings or gadgets that you would like to bring home from your trip. In case of the loss of highly valuable objects, having insurance can be your holy grail and ultimate savior.
What if you're on a business trip and you crashed into someone and slipped, along with your laptop. Did the laptop break? A good travel insurance coverage can take care of that.
5. Does you travel insurance cover injuries related to sports?
What if you're going on an adventure in a foreign land, which may involve trekking, climbing, diving or any other sports activities which may cause harm, injury or even death? In these instances, you may look for a travel insurance coverage which includes partnerships with specialists or hospitals in your destination.
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