Perhaps the most unfortunate event that a travel insurance policy can cover, personal accident in travel insurance occurs when a mishap during travel leads to a person’s death or loss of body parts. This event leads to a package of benefits for the policyholder (or his estate, when it tragically comes to that), the most significant of which is the accidental death, dismemberment or disability coverage, also known as accident insurance.
Death insurance is given when the
Some insurers allow policyholders to make an insurance claim regarding personal accident coverage for a policyholder’s family members, such as his spouse and children, albeit at usually different amounts. This insurance also includes compensation for burial expenses related to the personal accident.
Personal accident coverage, one of the main features of travel insurance plans, is present in each travel insurance policy that GoBear looked into. What becomes different between plans is the amount each policy is able to grant.
Lucky for you, GoBear has read through the fine print. After much snooping, GoBear found out that the lowest maximum amount available for personal accident travel insurance coverage (among covered companies) is ₱500,000 The most generous plan with regards to this coverage, on the other hand, covers up to ₱3 million.
GoBear also noticed that the usual accident insurance plan would cover between ₱1 million and ₱1.5 million in
In terms of personal accident travel insurance for a policyholder’s spouse or children, some of the plans that GoBear looked into
Need access to personal accident travel insurance coverage anywhere in the world? Compare travel insurance with GoBear Philippines and find out which plans provide this coverage.
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