Things to Keep in Mind Before Buying Travel Insurance

Getting travel insurance can be beneficial for you and your travel companion as it provides financial protection during any unforeseen circumstances and gives you peace of mind when you’re on a trip. You should consider taking travel insurance cover if:

  • You’re a frequent traveller.
  • You need medical evacuation and repatriation services.
  • You need a home protection plan while you are away.
  • You need medical and personal accident coverage.
  • Your travel companion is a special needs person.
  • You or your travel companion has any medical condition that may aggravate during travel.
  • You anticipate any crisis/emergency during your travels.

Travel insurance works well for both domestic as well as international trips.

Things to Consider

Here’s a list of things that you should keep in mind while getting travel insurance:

  • What does it cover: The first thing you should look at while buying travel insurance is to ascertain what it covers? Typically, a travel insurance plan should cover the following:
    • Trip cancellation: This is an important factor that you should consider while getting travel insurance. With this cover, you can get reimbursed if your trip is cancelled or delayed due to any natural disaster, serious illness etc. Most basic and premium travel insurance policies will include this cover.
    • Emergency medical cover: Your policy should include 24/7 emergency medical assistance coverage in case of illnesses or accidental injury along with hospital attention while you’re travelling.
    • Accidental death and disability coverage: If you or your companion die while on the trip or if any one of you suffers permanent disablement while travelling, your travel insurance policy will cover you.
    • Baggage/personal belongings cover: Right from the time your baggage goes into the check-in counter to showing up at your destination, anything could happen to it. Most basic travel insurance policies will cover baggage loss or delayed baggage.
  • Beware of policy exclusions: As much as you’re aware of what your travel insurance policy covers, it’s equally important to know what isn’t covered. Usually, travel insurance in Malaysia does not cover the following:
    • Any pre-existing medical condition.
    • Any extreme activities like motor racing, skydiving etc.
    • Suicide or any self-inflicted injury.
    • Aerial photography.
    • HIV/AIDS.
    • Mental disorders.
  • Pricing: You must carefully read the pricing details of the policy that you are planning to buy. If you wish to know whether you can afford it, you can use an online premium calculator to get a good idea. Just key in some mandatory fields, including the traveller’s age, number of travellers, trip duration, and the destination to know how much it would cost you.
  • Read the fine print: Many of us tend to ignore the terms and conditions most often. However, this section usually contains vital information like claims procedures, the documents required to submit a claim, emergency contact number, fees and charges, and cover exclusions.
  • Select the type of plan carefully: You should select a plan according to the premium you can pay/afford, the benefits that you can get and the purpose for travel – pleasure, business, or adventure trip. If you’re an adventure enthusiast, check to see if your policy covers your activities as most travel insurance policies don’t cover adventure sports because of the number of risks involved.

Travel insurance cover may seem like an unnecessary expense before your trip begins. However, even a minor mishap while you’re travelling without insurance can turn out to be an expensive affair. Truth is that it’s better to be safe than sorry.

With adequate travel insurance cover, you can continue to do what you’ve planned on your trip without being too bothered about what may or may not happen.

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