Before every #wanderlust Instagram post is (hopefully) a solid travel insurance policy. In your travel budget, be sure to include travel insurance. Travel insurance covers any possible losses due to unforeseen circumstances from before, during and even after an overseas trip. It can cover events such as accidental injury, high medical bills, travel disruption, loss of personal belongings and personal liability.
According to the General Insurance Association, there are different types of travel insurance:
Although specific coverage and benefits differ between insurance providers, most comprehensive travel insurance policies cover personal accidents, medical expenses, travel delays, trip cancellation and loss of baggage.
You should choose a travel insurance policy based on factors such as frequency of travel. If you travel multiple times a year, an annual cover might make more sense than having multiple single-trip policies. The location you are travelling to makes a difference as well. The price of insurance can vary between the different regions (ASEAN/Asia/Worldwide). If the area you are travelling to doesn’t have good medical infrastructure, you might opt for a policy that covers medical evacuation as well.
GENERAL INSURANCE TYPES: TRAVEL INSURANCE. COMPLETED. ✅
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