Singaporeans who wish to travel abroad are not covered under the Comprehensive General Liability Insurance (CGLI) that covers all Singapore residents. Hence, if you plan to go on vacation, it’s best to have travel insurance to protect yourself in case of emergency or medical bills. We recommend you opt for travel insurance with World Nomads.
Many Singaporeans travel overseas. While it’s common for Singaporeans to go abroad for holidays, it’s also very common for Singaporeans to travel overseas for work.
You don’t need to worry about medical expenses, lost luggage, or other travel-related problems. Take care of your safety, and you’ll have peace of mind.
However, there are a few things you need to know before buying travel insurance. This blog post will discuss some of the issues you should consider when choosing travel insurance for yourself.
Are you planning on taking a trip to Singapore anytime soon? If yes, you might want to know if travel insurance is worth it. Travel insurance is important for people in Singapore for work or leisure purposes.
What is Travel insurance?
- Medical emergency
- Loss of belongings
- Legal liability
- Car hire
- Flight cancellation
- While the coverage can vary, most policies cover the following items:
- Returning home
- Death or injury
- Missing or stolen documents
- Airlines usually require a valid passport and flight ticket to qualify for travel insurance.
Why buy travel insurance?
You may never need to use your travel insurance. But what if you do?
And most importantly, you could buy travel insurance for only a portion of your trip or a specific journey.
While buying travel insurance for the entire trip is easy, you’ll find that purchasing a portion of the trip can save you money.
So what should you consider when buying travel insurance?
Which type of insurance is best suited to Singaporean travelers?
When it comes to travel insurance, there are several options to choose from. While some of these options are more expensive than others, the most important thing to consider is which type of travel insurance policy is best suited to your needs.
For example, if you’re a solo traveler and don’t plan to use your travel insurance to cover anything outside your trip, then the best option would be basic travel insurance.
Medical insurance is something that many people forget to think about when they’re traveling. If you’re a solo traveler, it’s also a good idea to consider medical insurance. But if you’re flying anywhere outside of Singapore, you’re at risk of getting sick and unable to work.
Medical insurance is something that many people forget to think about when they’re traveling. If you’re a business traveler, it’s also a good idea to consider medical insurance. But if you’re flying anywhere outside of Singapore, you’re at risk of getting sick and unable to work.
Is there a difference between travel insurance policies?
I’m sure many of you have wondered if there is a difference between different travel insurance policies. Here is my take on the subject:
1. The first thing to consider is what kind of insurance you need.
Do you need cover for your travel expenses?
Or do you need cover for your travel documents?
2. How long do you want to cover?
Do you want to cover the full length of your trip?
Or do you want only to cover your upcoming trip?
3. How much do you want to pay?
Is there a price you’d be willing to pay?
Are you willing to pay more than you should?
I’ll cover this topic in more detail in a later blog post, but I hope this helps.
Frequently Asked Questions Travel Insurance
Q: I’m going to Singapore soon. Do I need to buy travel insurance before I travel there?
Q: Is there a particular travel insurance that would cover my needs?
A: Travel insurance can cover medical expenses, lost baggage, or cancelation costs. You could also add earthquake coverage to your travel insurance. You might also want to check with your credit card company to see if they offer travel insurance.
Q: Can I purchase this online?
A: Yes, you can purchase travel insurance online.
Q: Where do I go to purchase a travel insurance policy?
A: Visit the website of your credit card company to purchase your travel insurance.
Top 3 Myths About Travel Insurance
1. Most insurance companies do not cover your medical expenses abroad.
2. You can only claim from your medical expenses, around $6000.
3. Your travel insurance will not protect you against prevalent diseases
If you’re like me, you’ve probably looked into travel insurance before. I know I did, and I never went ahead with it.
My main concern was that I didn’t want to be stuck with a policy that wouldn’t cover me in case I got sick or injured. But it turns out that travel insurance is pretty easy to find and doesn’t cost much.
The best place to start is Cigna. They have a very competitive price for their plans and offer medical and emergency coverage.