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According to the International Air Transport Association (IATA), both 2019 and 2020 were complicated years for tourism, due to the travel restrictions implemented worldwide due to the health emergency caused by the coronavirus COVID-19. After a long period of isolation, little by little, travelling inbound and outbound has begun to be reactivated.

To enjoy your trips without worries, taking out travel insurance with comprehensive and relevant coverages could help you in the event of any inconvenience during your trip. Here are some questions before you embark on your trip:

  • What should be taken into account when planning a trip? 
  • What are the main risks to which tourists are exposed?
  • What is travel insurance?
  • What does travel insurance cover? What are the types of travel insurance?
  • Which countries require travel insurance?
  • What happens if I travel without travel insurance? 
  • Why invest in travel insurance?

 

To have the best vacations, it is important to have very good planning so that you can enjoy the moment with complete peace of mind. Here are some points to consider when planning a trip:

  • Check your budget. The first step is to establish the budget you have for your vacation, so you can look for transportation options, lodging and places you can visit during your trip.
  • Analyse what type of trip you want to make. Choose the type of experiences you are looking for during your vacation, this will give you a better idea of the choices you must make to plan your trip.
  • Consider your available time. Decide if you will travel in peak or lull vacation season, and the days you have available to vacation. Confirming these details, you can choose the destination, the type of stay and the activities you can do during your trip.
  • Book flights and accommodation in advance. According to the Air Travel Outlook Report, the most affordable fares to book your flight out of Singapore are sold on Saturday. In the case of lodging, the main advice is to book in advance and take into consideration that staying from Sunday to Thursday in the low season is cheaper.
  • Purchase travel insurance. To travel safely and with greater peace of mind, consider also investing in travel insurance that supports you during your vacation in the event of an unforeseen event such as the cancellation or interruption of your trip, the loss of your luggage by the airline, or if You require medical attention due to illness or accident.

 

What are the main risks to which tourists are exposed?

Some of the main problems you may face as a tourist are: 

  • You or your travel companions may contract COVID-19, thus requiring medical attention or changes to your trip itinerary and bookings.
  • That you suffer the cancellation, delay, interruption of your flight or if you have to return early from your trip.
  • The loss of your luggage, leaving you without documents or clothes for the rest of the trip.
  • You may have a medical complication during your trip, due to a minor illness, or require hospital care due to illness or accident. 
  • Suffer a robbery during your trip.
  • Accidentally causing damage to a third party or their property.
  • That your trip is interrupted due to an accident and you must return home earlier.

 

What is a Travel Insurance?

Travel Insurance is a temporary coverage product that provides you with protection before and during your trip, as it helps you minimise the financial impact in case you have to cancel or interrupt your trip due to an unforeseen event, or if your vacation is affected due to a loss or delay of your luggage.

In addition, having a travel policy like Chubb Travel Insurance, also ensures that you have access to global assistance services that will provide you with the necessary support you require in the event of an overseas emergency.

 

What does Travel Insurance cover?

When traveling, we always make plans regarding the visit to our destination, but we leave aside some risks that we are all exposed to, whether we are traveling or not. Some of the main problems covered by travel insurance are:

  • That you suffer the cancellation, delay, interruption of your flight or if you have to return early from your trip.
  • In case the airline loses your luggage and you do not have documents or clothes for the rest of the trip.
  • Suffer a minor illness or require hospital care due to illness or accident. Consider that, according to one of our case studies), Medical Repatriation from Pattaya, Thailand to Singapore can cost up to US$13,000.
  • Suffer a robbery during your trip.
  • Accidentally causing damage to a third party or their property.
  • That your trip is interrupted due to an accident and you must return before. 

 

What are the types of Travel Insurance?

Travel Insurance can be classified according to the reason for the trip:

Leisure Travel Insurance: aimed at people who travel alone, with the family or in a group and whose purpose is pleasure, culture, fun and coexistence. Coverage begins up to 90 days prior to travel.

Business Travel Insurance: focused on those who travel for work, to perform administrative tasks in another entity related to their company or business. Coverage begins up to 90 days prior to travel. 

 

Which countries request Travel Insurance?

During the COVID--19 pandemic, most countries requested travellers to have Travel Insurance to support them against unexpected events and COVID-19 related costs during their trip. 

With the relaxation of border regulations, some countries have since removed the requirement for mandatory travel insurance with COVID-19 coverage. However, there are some countries may still require inbound travellers to be covered for COVID-19 related medical expenses under their Travel Insurance. Therefore, before you head off for your trip, it is prudent to check what’s the latest requirement (if any) at your destination of travel.

Travelling is one of the most satisfying experiences that allows you to broaden your cultural and gastronomic horizons. To have the best vacation it is important to make good planning, in this way you can enjoy the moment with complete peace of mind. 

 

What happens if I travel without Travel Insurance?

If you decide to travel without the protection of Travel Insurance, you will be travelling unprotected against the different risks that you may face during your trip.

In addition, due to COVID-19, Travel Insurance with COVID-19 coverage may be mandatory, depending on the travel destination.

At Chubb, we want you to enjoy every trip without worries, which is why we offer you Chubb Travel Insurance – a travel plan that allows for personalisation of coverage according to your travel style and at the same time provides comprehensive coverage that supports you in the event of medical emergencies, among other inconveniences that may occur during your trip. 

For more tips and best practices, read ‘8 Ways to Help Ensure Safe Travels’.

Disclaimer - The content of the above article is not intended to constitute professional advice. Although all content is believed to be accurate, Chubb Insurance Singapore Limited (Chubb) makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content of this article. Users relying on any content do so at their own risk. Published 10/2022.

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