Single trip travel insurance is a kind of insurance plan offered on a per-trip basis, regardless of whether the travel involves one person or 10. It usually is a more affordable option compared with other arrangements of travel insurance packages, such as annual or other special formats. It is also the option with the most variations of coverage depending on the travel insurance provider.
Because the single trip travel insurance option offers the most flexibility, conditions for each plan may vary depending on the destination of the traveller getting the insurance. Hence, a prospective buyer of travel insurance products would know more about these plans and their coverage and limitations when they use GoBear’s comparison tool.
The single trip travel insurance is available for all the insurance companies that you can compare with GoBear: BPI/MS Insurance Corporation, Citibank, FPG Insurance, Liberty Insurance, Malayan Insurance, Pacific Cross, Pioneer Insurance, Standard Insurance, and Starr Insurance.
Among single trip travel insurance products, the plans created for trips within the Philippines are the most affordable. The 15 plans that GoBear listed only cost a few hundred pesos per trip. There’s even one plan that costs less than your typical frappuccino:
For just ₱98, the Travel Protector Plus Domestic 500,000 from Liberty Insurance offers coverage of up to ₱500,000 for personal accidents and a similar maximum amount for medical expenses, in addition to various compensation allotted for travel inconvenience scenarios (such as ₱10,000 for loss of baggage and ₱20,000 for trip cancellation).
GoBear features up to 28 single trip travel insurance plans on its comparison service that can cover trips in Asian countries. We say “up to” because some of these plans only cover trips to Asian countries near the Philippines, while other plans that cover the rest of Asia can be considered “worldwide coverage” plans. Among the 28 plans available for a single trip to Hong Kong for four days, here are some samples:
The Asian plan from Starr Insurance is one of the more affordable single trip travel insurance plans in the market, with a price tag of only ₱285. It offers coverage of up to ₱1 million for personal accidents and ₱500,000 for medical expenses, in addition to various compensation allotted for travel inconvenience scenarios (such as ₱20,000 for loss of baggage and ₱75,000 for trip cancellation) and ₱1 million in personal liability coverage
One of the single trip travel insurance products with a higher price range is the Platinum Non-Schengen Package from BPI/MS, costing ₱1,254. But the extra money paid for this plan converts to a more lucrative package, including coverage of up to ₱3 million for personal accidents, up to ₱2 million for medical expenses, and up to ₱1 million for personal liability, in addition to compensation allotted for travel inconvenience scenarios (such as ₱25,000 for loss of baggage and ₱50,000 for trip cancellation).
Travel insurance plans for Europe tend to be more expensive and available in fewer variations compared with their for-Asia counterparts. But this is because most European countries have more stringent coverage requirements for travel insurance. Here’s a sample of an affordable single trip travel insurance plans suitable for Europe trips:
The Global planfrom Malayan Insurance (also offered by Citibank) costs only ₱385 for a four-day vacation in Germany. Coverage for this single trip travel insurance plan includes provisions of up to ₱1 million for personal accidents, up to ₱2. 5 million for medical expenses, and up to ₱1 million for personal liability, in addition to various compensation allotted for travel inconvenience scenarios (such as ₱50,000 for loss of baggage and a similar amount for trip cancellation).
Most of the single trip travel insurance plans available for trips to Asia can also be bought for trips around the world. Just take note that each plan has its own restriction as to which destinations are eligible. For instance, while a lot of insurance companies will have no problem covering your trips to the US, they might not be as accommodating for trips to some obscure countries.
For a week-long vacation in Canada, the Executive Deluxe Dollar planfrom Pacific Cross Insurance is one of the more deluxe options, costing ₱2,820. This single trip travel insurance plan offers hefty coverage of up to ₱2.35 million for personal accidents, up to ₱2.82 million for medical expenses, and up to ₱2.35 million for personal liability. The single trip travel insurance plan also offers compensation for travel inconvenience scenarios (such as ₱47,000 for loss of baggage and ₱141,000 for trip cancellation).
Need access to single trip travel insurance anywhere in the world? Compare travel insurance with GoBear Philippines and find out which plan is best for single trips.
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