Standard cost for Travel insurance?
I have been looking at lots of different travel insurance websites are they are all about $150 or less.
For my first time overseas to Singapore / Malaysia for 10 days, what travel insurance should i get? just the cheapest one possible starting at about $AUS60…or spend some more money and get everything covered at about $AUS150? Would you really use all those extra covers anyway? i am only interested in thief, lost, damage and delay in flights.
Also is it cheaper to go for an independent travel company or go with personal health cover companies?
If anyone has anything about travel insurance, that would be great!
the main concern should be medical coverage to foot your medical bills should you fall sick or met an accident overseas. theft, lost, damage and delay in flights should be secondary. imagine being hospitalised in foreign land and unable to go home. the bill can come up to a hefty sum and it is the last thing you want to worry about. get something that covers medical bills up to around $500k. a lot of people will say that they don’t need this amount. let me cite you real life example. just about a year ago, fire breakout in a discotheque in bangkok, thailand. one of the singaporean who suffered from a 70% burn used up all the $500k coverage before they transfer her back to singapore. this singaporean is a insurance agent herself and we happened to be in the same insurance company then. you probably won’t get to make use of the $500k in all the travelling you had and will be having and i bet you will prefer not to use it either. however, you really don’t know when you will ever need it, and this is what insurance is about: preparedness.
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