Travel insurance is an important thing for you who like traveling. Travel insurance will protect you from various risks during your trip or destination.
These risks include accidents, missed flights, loss and damage to baggage, loss of documents, illness, and even death on the way.
Not covered by travel insurance, including injuries or injuries caused by terrorism attacks, illness due to consuming alcohol and narcotics, injuries, injuries, or death due to natural disasters, planned accidents, and injuries due to participating in certain tournaments.
Let’s get to know Travel Insurance further, so you can choose the right product, according to your needs, and financial capabilities.
Types Of Travel Insurance
Annual Travel Insurance
This insurance system is like subscribing to a music service for a year. If you travel out of town or abroad several times a year, annual travel insurance can be an option.
There is no need to go back and forth to extend the service to enjoy the benefits. Just pay once, then you can get protection benefits according to the validity period.
Daily Travel Insurance
As the name implies, this insurance is only valid for one trip. It’s like you go journeying for one week, the validity period is only a week.
If you want to travel again in the same year, you apply for travel insurance again. Daily travel insurance premiums are much cheaper than annual insurance because it is only for once.
Daily travel insurance is suitable for those of you who plan to travel once a year, or travel very rarely.
Which is more profitable?
The answer depends on what you are looking for. If you plan to travel two or three times, even more, annual travel insurance is more practical, effective, and efficient. Can be used repeatedly while within the validity period of travel insurance.
But in terms of cost, daily travel insurance is Cheaper. So it doesn’t feel burdensome for your finances. Especially if the pockets are mediocre.
But actually annual travel insurance can also fall cheaper. Especially for those of you who travel frequently. A little out of town, then abroad for a business trip or vacation.
For example, if daily travel insurance is Rp 30 thousand for 1 day, annual travel insurance only pays Rp 1 million. If calculated-calculate Rp 1 million divided by 365 days = Rp 2,739 in line with the premium Day. Cheaper, right?
Considerations Before Buying Travel Insurance
Travel insurance can protect you from the risk of traveling out of town or abroad. Depending on the type of insurance purchased.
For domestic travel insurance, it can be used for several destinations at once. While international travel insurance, usually have to choose a destination country, whether the ASEAN region, Asia, Japan, the United States, Schengen, or other countries.
Even so, insurance companies generally have determined which countries or regions are not covered by travel insurance. So, try to find out so that you are not mistaken in buying and traveling later.
Activities at the destination
Both annual and daily travel insurance, the company sets limits on activities you can do in the destination country. Dangerous activities, such as scuba diving, paragliding, mountain climbing, or rock climbing are usually not covered by travel insurance.
If, for example, an accident occurs as a result of these activities, the maintenance costs are borne by themselves. Can you extend coverage for hazardous activities? Of course you can, but you have to pay the premium again.
Insurance Validity Period
Although it is called annual travel insurance, the validity period does not mean one year at the destination or destination. The validity period of travel insurance is a maximum of nine days in one destination.
The validity period is usually different for each insurance company. Therefore, try to check the policy conditions again before buying the product.