When it comes to getting travel insurance for your overseas trip, it’s important to have an insurance that covers all your needs, gives you peace of mind, and doesn’t cost a lot.
But with so many travel insurance options in Singapore, it’s hard to find which of them passes these criteria – there is a common perception that high coverage equals expensive premium, and cheap premium means less coverage. Comparing all these insurances become a brain-draining and pressuring task that no one really wants to deal with.
But finding the right insurance for you shouldn’t be a herculean task. Below, we list a few things you should take note of while comparing travel insurance to make your insurance hunt easier.
Scope of Coverage
Of course, the first and foremost thing you need to look for is coverage. But you shouldn’t only look at what the travel insurance covers but also the scope of the coverage.
If you’re traveling with family, does the insurance cover everyone in the family or just selected members? Is your infant a part of the travel insurance coverage? If something were to happen to you or your loved one, will the insurance provider cover the expenses in full or only partial?
Not all travel insurance offer the same scope of coverage, even when they offer the same kind of coverage. So it would be good to compare how far each insurance policy covers you and your loved ones during a trip.
Value For Your Premium
Determining the value for your money is another thing you need to consider when you compare annual travel insurance packages. This will help you know if what you’re paying for is worth the coverage you’re getting. Like any investment, you need to know how much you are willing to pay when you are looking for the right insurance premium.
Since annual travel insurance are a long-term commitment, it’s important that you’re getting your money’s worth when you choose your insurance package. This means you need to feel that you’re paying just the right amount for the insurance coverage you are getting. Paying too much for your insurance package will leave you feeling short-changed and you won’t get the peace of mind that you’re supposed to be getting.
Fine print
Lastly, this is one of the more crucial things you have to check when comparing insurance packages; like any other contract, insurance packages have a fine print that you will have to be mindful of.
Fine prints are usually clauses that set limitations or conditions for the agreement. That’s why it’s good to know and compare the terms and conditions of travel insurance packages so you can see which one would best work for you and your loved ones.
Get Insured now
Finding the right travel insurance in Singapore is not an easy task. But with the help of this guide, finding the best and reasonably priced travel insurance for you and your family will be a lot easier and less pressuring.
Want to get insured now? Click here to get a quick quote and see what HL assurance has to offer you!
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