Insurance companies go bust like that. They repair the parts they can repair and pay you for those damaged beyond repair.
P.S. I don't work for insurance company but I always buy insurance whenever I travel.
Oh ya, I only buy during natas. Got 40% discount
I am stuck in an expensive hobby, but yet not willing to save myself
Anyway, I always buy premium, like yourself.
No point saving that few dollars. Remember, when it comes to medical coverage, a peace of mind is of utmost importance.
Last edited by limwhow; 7th October 2009 at 12:04 AM.
Look at this from another angle. An emergency medical condition like a massive heart attack would require:
1. A number of intrinsically expensive medicine to be administered immediately.
2. Cardiac ICU 24 hours monitoring for a period.
3. A series of intensive heart scans, and tests to locate, say, the blockage and repeated blood tests followed by more tests.
4. If needed, urgent balloon stenting by the Cardiologist.
5. A further hospitalisation after ICU.
Yes, I save on my Air evac costs. But my goodness, the amount that I would have incurred just to undergo all those above in a reputable London, Tokyo or Taipei hospital! The amount would be astronomical!
[In Singapore it would cost one upwards of S$20,000 in a government hospital (private rate) and more than $30,000 in a private hospital (very conservative estimate in the latter).]
I can see where you come from in terms of not buying travel insurance. But again, what I have mentioned are but just my own view on why I would always choose to adopt the more cautious approach.
Ah, thanks for the elaboration; I will take these into consideration when deciding on travel insurance. I've all along thought of it as a lost baggage delayed flights thing. The part about medical emergencies will be borne in mind the next time
Hence, it will also mean that if you are higher risk (heart conditions or older folks) the need for travel insurance is higher than say, a teenager or young adult.