While some see travel insurance as essential, others view it as unnecessary due to common misconceptions. These misconceptions often revolve around an unwarranted sense of invincibility during travel or concerns about claims. This lack of awareness underscores the need to debunk these myths and emphasise the significance of travel insurance. It is essential to clarify the true travel insurance benefits and dispel common misconceptions.
Myth 1 – “While You Are On A Trip, Nothing Can Happen”
A common myth is that travel insurance is unnecessary because nothing usually goes wrong during trips. However, being prepared for unexpected events, such as missed flights, passport theft, illness, and trip cancellations, is vital. In more severe situations like fleeing violence or natural disasters, not having insurance can lead to substantial financial losses for pre-paid expenses like airfare and accommodation.
Myth 2 – “My Domestic Health And Life Insurance Policy covers me”
Some skip travel insurance, thinking their standard health insurance will suffice for short trips. However, they may need more travel insurance coverage if their journey is delayed, their policy expires, or they must return home due to a family emergency. Travel insurance is crucial for addressing these and similar situations, providing comprehensive protection.
Myth 3 – “It Can Be Extremely Difficult To Collect Claims Unless There Has Been A Disaster.”
One persistent misconception regarding travel insurance policies is that obtaining the claim amount is highly challenging unless a catastrophic event has occurred. This isn’t accurate. Travel insurance policies aim to lessen the mental pain that travellers experience if something goes wrong while travelling. A good travel insurance policy should make it simple and hassle-free for you to submit a travel claim and get paid for any covered incident, such as lost luggage, cancelled flights, unexpected medical expenses, etc. Claims are subject to terms and conditions set forth under the travel insurance policy. *
Myth 4 – “Only IF You Are An Adrenaline Junkie You Should Purchase Travel Insurance”
A common misconception is that travel insurance is only for adventure seekers doing extreme sports. In reality, travel insurance policies cater to travellers’ needs, covering common incidents like missed flights, lost luggage, or theft. Claims are subject to terms and conditions set forth under the travel insurance policy.*
Myth 5 – “My Travel Insurance Can Be Booked At A Later Stage.”
You have already purchased your summer travel tickets and lodging but still need travel insurance. When getting travel insurance, there are better choices than that you can make. Doing so defeats the entire purpose of a travel insurance policy. What if you have your whole vacation planned, including your ticket, and are content to sit back and plan? Your travelling companion is hospitalised after an accident one week before the start of your trip. We must postpone the trip. Now, what do you do? What about all the reservations you made for flights and hotels in advance weeks ago while you were still holding out for travel insurance? With its trip cancellation feature, travel insurance would have come in handy at this point, covering your pre-paid holiday expenses. Claims are subject to terms and conditions set forth under the travel insurance policy.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.