Travel Insurance a Necessity?
- Thread starter phantasia
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haha...i think they have set limits for every item claim. Just read carefully
what you can or can't claim and decide is that the travel policy you want to
take up.
I always get a travel policy in case of flight delay which dunno why
happened quite frequently nowadays. In such case, your meals and hotel
stay (if there is a need) will be covered.
And if lets say you have booked a trip and made full payment but suddenly
something happened to you or your family which you need to postpone or
cancel the trip, normally travel agency or airline will charge you for
last min cancellation charge or "no-show" penalty charge, such penalty
charge is also claimable against the travel policy if you can provide proof.
what you can or can't claim and decide is that the travel policy you want to
take up.
I always get a travel policy in case of flight delay which dunno why
happened quite frequently nowadays. In such case, your meals and hotel
stay (if there is a need) will be covered.
And if lets say you have booked a trip and made full payment but suddenly
something happened to you or your family which you need to postpone or
cancel the trip, normally travel agency or airline will charge you for
last min cancellation charge or "no-show" penalty charge, such penalty
charge is also claimable against the travel policy if you can provide proof.
It is always good to have insurance coverage just incase anything happen(Touch wood). For peace of mind. Especially high medical and accidental dental coverage expense.
I bought from AIG before. Confirmed for the below info be course I got the AIG travel insurance info brochure in my hand right now.
AIG cover acts of terrorism, golfing equipment and laptop. All leisure amateur sporting activities also cover. Anyway it is better to just spend max $154(depend on your length of trip and the places that you go) for the return of few hundred dollars if your camera gone(better than nothing, rite?).
I have claim my medical bills of more than twenty dollars after the trip when I reached singapore for a visit to GP for skin allergy(quite easy to claim, spend $45 for the premium).
Enjoy your trip.
I bought from AIG before. Confirmed for the below info be course I got the AIG travel insurance info brochure in my hand right now.
AIG cover acts of terrorism, golfing equipment and laptop. All leisure amateur sporting activities also cover. Anyway it is better to just spend max $154(depend on your length of trip and the places that you go) for the return of few hundred dollars if your camera gone(better than nothing, rite?).
I have claim my medical bills of more than twenty dollars after the trip when I reached singapore for a visit to GP for skin allergy(quite easy to claim, spend $45 for the premium).
Enjoy your trip.
nuts
Senior Member
Well, many comments and advice, but here's my 2cents
- travel insurance cost varies based on
- basic/deluxe etc, with different amounts of coverage
- regions, asia/worldwide etc, with some agency breaking
down the region further to SEA, asia, world etc
- cover of "special" activities/items like mountaineering,
trekking, PDA, camera etc
So, buy what suits you
- read the T&C, fine prints etc to see whats covered!
many years ago, I bought NTUC's (one of the most
convenient) and in Paris, had my wallet pickpocketed!
well, guess what, they don't cover loss of money and
only paid me for the cost of my wallet (after depreciation) :angry:
apparently, loss of money is now covered..
- as someone mentioned, coverage of certain items has
limits per item, eg. coverage of camera/PDA is limited
to $500-$1000 etc. whats in the fine prints is that the
the camera with lens and accessories is considered ONE
item
All in all, read the policy!!
But in summary, yes, I think travel insurance is necessary
- travel insurance cost varies based on
- basic/deluxe etc, with different amounts of coverage
- regions, asia/worldwide etc, with some agency breaking
down the region further to SEA, asia, world etc
- cover of "special" activities/items like mountaineering,
trekking, PDA, camera etc
So, buy what suits you
- read the T&C, fine prints etc to see whats covered!
many years ago, I bought NTUC's (one of the most
convenient) and in Paris, had my wallet pickpocketed!
well, guess what, they don't cover loss of money and
only paid me for the cost of my wallet (after depreciation) :angry:
apparently, loss of money is now covered..
- as someone mentioned, coverage of certain items has
limits per item, eg. coverage of camera/PDA is limited
to $500-$1000 etc. whats in the fine prints is that the
the camera with lens and accessories is considered ONE
item
All in all, read the policy!!
But in summary, yes, I think travel insurance is necessary
Woohoo!! Lotsa good advice...thanks thank! Well a few questions...wat company is AIG? Seems rather popular. And roughly how long does it take to actually sign up for such insurance? As in the processing time...on the spot?
Just some more info..i'll actually be gg australia, in bout a 3-4 wks time. So lets say sway sway really need to claim for the insurance...wats the procedure? Is it just report to the local police there, then embassy...and come back singapore find the insurance company? any specific things to take note?
I guess most likely i'll just be signing up for a average plan...since dun really plan on bringing expensive stuff over...just a film camera and maybe a digital compact...plus lotsa winter clothing.
Just some more info..i'll actually be gg australia, in bout a 3-4 wks time. So lets say sway sway really need to claim for the insurance...wats the procedure? Is it just report to the local police there, then embassy...and come back singapore find the insurance company? any specific things to take note?
I guess most likely i'll just be signing up for a average plan...since dun really plan on bringing expensive stuff over...just a film camera and maybe a digital compact...plus lotsa winter clothing.
AIG(American Home Assurance Company Singapore) is the parent company of AIA(Amercian International Assurance Company). You just need to contact the police in Singapore and the country that you travel in. If not sure, ask your servicing agent. He/She will tell you the procedure. Any claims, just inform your insurance agent. He/she is suppose to service your policy. Just call and inform your agent, he/she will settle everthing for you. Have a nice trip.
reachme2003
Senior Member
phantasia said:Hey all,
Just want to find out if travel insurance is really necessary? And if its useful in the first place? First time backpacking...so alot of things unsure.
If we should get travel insurance, any rough gauge of how much is it per person and where to get it?
Thanks alot!!
buy it. not wise not to buy.
reachme2003
Senior Member
phantasia said:Woohoo!! Lotsa good advice...thanks thank! Well a few questions...wat company is AIG? Seems rather popular. And roughly how long does it take to actually sign up for such insurance? As in the processing time...on the spot?
Just some more info..i'll actually be gg australia, in bout a 3-4 wks time. So lets say sway sway really need to claim for the insurance...wats the procedure? Is it just report to the local police there, then embassy...and come back singapore find the insurance company? any specific things to take note?
I guess most likely i'll just be signing up for a average plan...since dun really plan on bringing expensive stuff over...just a film camera and maybe a digital compact...plus lotsa winter clothing.
i think if you plan to bring yourself there, you already have an 'invaluable stuff' to cover, right?
don't understand your priorities. you seem to value your camera and other belongings higher than yourself.
reachme2003
Senior Member
AReality said:If it's invaluable, then how come still need insurance to cover replacement cost? :think:
the 'invaluable stuff' i was referring to is himself or herself.
what is your definition of 'invaluable'? i do not understand your post.
reachme2003
Senior Member
barracuda said:i think he is saying 'invaluable' == no value
let's wait for him to reply.
you can refer to the AIG site for quotation : https://www.aig.com.sg/asp/formpage1-1.asp
travel insurance is indeed a necessity, especially for medical needs. it's good to go through an agent, so that you can leave all the paperworks to him/her.
1 of my filters cracked on a flight recently, claiming was easy. just make sure you read through the policy terms & conditions, and know what documents are needed to make a claim.
travel insurance is indeed a necessity, especially for medical needs. it's good to go through an agent, so that you can leave all the paperworks to him/her.
1 of my filters cracked on a flight recently, claiming was easy. just make sure you read through the policy terms & conditions, and know what documents are needed to make a claim.
reachme2003
Senior Member
AReality said:
based on your rather narrow definition, the life insurance industry would not have existed at all. but, they did, fortunately.
cookiez said:
I have home insurance that covers theft of laptop and photographic equipment when I am out of the house, eg overseas or even in SG. Proof is via means of police report. cannot suka suka say stolen.
Anyway, to cut the long story short, I have claimed using this before. Deductable per item was SGD100 in my case. Anyone interested PM me for details.
For insurance of labtop, i buy dedicated electronic equipment insurance from NTUC which covers much more then travel insurance... have seen at some US forum (forgotten which) that some guy actually drop his pro slr camera while shooting at roof top and luckly he has insured his cam.
as for travel insurance... just some extras let your have peace of mind... for lost of items have not claim before but last year due to my dad was hospitalised, the insurance pay additional fees for air ticket for me to rush bad to singapore cutting short my tour. Think this part is OT liao hor? hehe :bsmilie:
Btw, claimming at AIG is easy as far as I know having claimed 2 times...
Enjoy your trip and dun think too much
as for travel insurance... just some extras let your have peace of mind... for lost of items have not claim before but last year due to my dad was hospitalised, the insurance pay additional fees for air ticket for me to rush bad to singapore cutting short my tour. Think this part is OT liao hor? hehe :bsmilie:
Btw, claimming at AIG is easy as far as I know having claimed 2 times...
Enjoy your trip and dun think too much
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