Travel insurance is a product designed to cover possible costs and losses associated with unexpected accidents/incidents that might occur while you are travelling. Depending on the type of plan you choose, travel insurance coverage can include baggage losses, flight delays, trip cancellations, medical emergencies and many others.
Here are the common types of travel insurance provided in the market:
Ideally, you should purchase your travel insurance as soon as possible after you have booked your trip. This is to help cover you should there be any unforeseen circumstances or situations (medical emergencies or collapse of travel agency) that render you unable to travel. You will generally be compensated for any non-refundable travel and accommodation expenses that have been paid for.
You should put the period of insurance as the start and end date of your trip, based on Singapore time.
Insurance companies do not allow purchase of travel insurance if you are already overseas. You must purchase your travel insurance before the start of your trip.
You will generally not be covered for losses and medical treatments related to your pre-existing conditions. However, you should still purchase travel insurance to be covered for other benefits such as baggage delay and personal accidents. A few insurers do provide cover for pre-existing illnesses, you should read each policy closely before making a purchase.
Most insurers only pay out cancellation claims if the policy is cancelled within a certain number of days before trip commencement date and this is subject to severity of injury/illness and whether trip expenses are recoverable from other sources.
Currently, most insurers do not cover Covid-19 related claims as Covid-19 is a known event at this time. As this is an evolving situation, we cannot say whether this restriction will remain in the future.
A traveller over the age of 18 will be classified as an adult. Most family policies offered will only include children up to the age of 18 and any children over this age limit will need a separate policy. However, some insurers allow an age limit of up to 25 years old, provided the child is a full-time student in a recognized institution of learning or higher learning.