Looking to buy the best travel insurance in Singapore for your upcoming trip? Whether you’re traveling to the other end of the country or another continent, it pays to be prepared for anything. Buying an immediate travel insurance will serve you well more often than not!
Travel insurance can help reimburse you for unexpected expenses and get you back on track if something goes amiss during your trip. So, even if you didn’t plan ahead in time, fret not! Getting yourself an immediate travel insurance might just do the job. But with so many different options available, it can be tricky to find the best deal. Luckily, we’ve done all the heavy lifting for you.
Check out our article that covers everything you need to know about getting the best travel insurance in Singapore and what sort of coverage you should have when traveling abroad:
What is Travel Insurance?
Travel insurance is a type of insurance that covers the risks associated with traveling. It provides protection against financial loss due to travel-related incidents. It is generally offered as a type of combined policy that bundles multiple types of coverage in one policy, including medical coverage, trip cancellation coverage, rental car coverage, and emergency assistance. Travel insurance policies are worded in such a way that the insurer promises to reimburse you for the costs of the travel you booked but were unable to take. This includes costs related to the following: – Medical bills from accidents or illnesses that occur while you’re traveling – Costs associated with the replacement of items lost or stolen during travel – The cost of changing or canceling your travel plans – The cost of transporting remains of someone who dies while traveling
What to Look for in Travel Insurance Singapore
While travel insurance is always an important consideration for travelers, it’s especially crucial for those going abroad. When you’re traveling internationally, you’re not just dealing with unfamiliar healthcare providers and a new language—you’re also in uncharted waters in terms of your travel insurance coverage. Luckily, there are a few simple steps you can take to make sure you’re getting the right coverage at the right price. Here are a few pointers to keep in mind when shopping around for travel insurance.
– Coverage Amount: It’s important to look at the coverage amount and make sure it’s enough to cover your needs. For example, if you’re traveling with your family and need a higher amount of coverage due to a preexisting condition or a child’s sports activities, make sure you understand what coverage amount will be sufficient.
– Exclusions: Be sure to read the fine print regarding any exclusions for conditions such as pregnancy. If there is an exclusion you aren’t sure you can work around, you may want to shop for a different policy.
– Deductible: A deductible is the amount you must pay out of your own pocket before your insurance kicks in. The higher your deductible, the cheaper your premium will be. – Policy terms: Make sure you read the policy terms carefully to understand what is and isn’t covered by your policy.
SG Travel Card
The SG Travel Card is a travel insurance product issued by Aviva Singapore. It offers coverage for multiple types of travel such as travel by air, sea and land, including cruise travel and travel to and from Singapore. This product is best for those who plan to travel within Southeast Asia, as a traveler to this area can purchase the policy online and receive the card in a few minutes. The policy can help cover the cost of canceling or changing your travel plans due to an emergency, medical issues or death of a family member. The policy also covers the cost of emergency medical treatment, lost or stolen items, death or dismemberment of a family member, and rental car excess waiver.
Collision Damage Waiver (CDW) and SG Loss & Damage waiver (SLDW)
If you’re renting a car while abroad, you might be offered an insurance add-on called collision damage waiver (CDW) or a loss and damage waiver (L&D). Steer clear of these options if you can—they’re overpriced and will likely leave you with a hefty bill at the end of your trip. Instead, look into purchasing travel insurance that includes collision damage and loss and damage coverage. This type of coverage is available as part of a travel insurance policy or can be purchased as a standalone insurance product. Both types of coverage reduce the amount you’ll pay if you’re involved in a car accident or your rental vehicle is damaged or stolen. If you’re wondering how much coverage you should get, the answer depends on a few factors, including the country where you’re renting and the value of your vehicle at home.
Travel Protection Plan (TPP)
If you’re traveling to a remote area or are particularly worried about getting sick or injured while traveling, a travel protection plan may be a good investment. This type of travel insurance provides various types of coverage, including medical expense coverage, trip cancellation coverage, and emergency assistance coverage. A travel protection plan is particularly helpful if you have a preexisting condition that could cause complications while traveling. This type of travel insurance typically offers higher limits than standard travel insurance policies. Additionally, a travel protection plan may offer added benefits like travel credits to use toward future travels or travel concierge services. Keep in mind that a travel protection plan tends to be more expensive than standard travel insurance policies.
Final Words: Which Type of Travel Insurance Should You Get?
If you’re traveling abroad, you should look into buying travel insurance. This coverage can protect you financially in case of an emergency or injury that prevents you from traveling. There are two types of travel insurance: single trip and annual travel insurance. Single trip travel insurance covers only one trip, while annual travel insurance covers every trip you take during the year. If you’re traveling abroad, you’ll almost always need to purchase travel insurance. This is because standard health insurance doesn’t cover medical costs incurred while traveling overseas. If you’re traveling within the United States, you can usually forgo travel insurance.