Most common travel insurance claims
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Going away on vacation is something that we all look forward to. It is the time of the year where we can finally reward ourselves and get away from work. But travelling may not always be that smooth-sailing—especially when things don’t go as planned. Knowing the risks beforehand will prepare you to deal with them if they ever happen. Read on to find out the 4 most common travel insurance claims.
1. Flight delay
It could be due to unexpected bad weather. Or it could be the result of some mechanical issues. Whatever the reason is, having your flight delayed can be extremely frustrating—especially if you miss a connecting ferry or train to an important occasion such as a wedding or graduation ceremony. While you may still miss the event, having travel insurance can compensate for the delay or alternative travel arrangements that you make. That could at least allow you to give your loved ones a good treat to make up for your absence!
2. Loss of personal belongings
Ahh, Europe. Some of the most beautiful cities in the world reside on this continent. But did you know that these European cities are well-known for their pickpockets too?* With so many crowded tourist hotspots (and pickpocketing opportunities) littered across the different cities, it is no wonder that loss of personal belongings ranks as one of the most common claims for those travelling to Europe. Travel insurance is a great safeguard for travellers, but you should also instil good travelling habits such as keeping your bag close and not bringing tons of cash around. Being able to identify tell-tale signs of pickpocketing activity—such as being bumped or distracted by a nearby commotion—would also stand you in good stead.
3. Medical expenses
Travelling to a foreign country means new experiences. And that also means being exposed to an environment which we may not be used to. Falling sick due to the local food or weather is a common scenario for travellers. In certain countries, medical expenses can cost a lot more than in your home country where you may have subsidies from the government. While bringing your personal stash of medication overseas may seem like a good idea, it is still wiser to have travel insurance at hand. That way, your medical expenses are covered and you can seek proper professional help.
4. Travel cancellation or postponement
Sometimes, there is simply no other option other than cancelling your trip. It could be due to an emergency in your family or at work. Or it could be due to an unfortunate injury that you sustained. The list is endless—and that could mean paying for a trip that you are not going to take. However, travel insurance does provide ample coverage for situations such as these. Our advice? Don’t wait until the last minute to purchase your travel insurance. Buy it right after your flight tickets are confirmed, because anything can happen in the days leading up to your flight.
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Going on a vacation to escape stress? Investing in a good travel insurance such as MSIG’s Travel Protector Insurance would go a long way in setting your mind at ease. Find out more here or reach out to us here.
