Travel Essentials: Travel Insurance by Malayan Philippines
There are many things one should consider when travelling. For the most part, it’s the destination, plane tickets, accommodations, where to go, what to do, and where to eat. For some, it’s the climate, what to wear, or even what not to wear. And sadly, a lot of the times, there’s one thing that most travelers overlook – travel insurance. In this article, I’ve listed 4 top benefits of travel insurance in the Philippines (or outside), all based on personal experience.
Is Travel Insurance Really Necessary?
So before I list all 5 benefits of travel insurance, let me tell you a short backstory. I’ve been traveling since I graduated from college. Being a fresh grad, I of course opted to do short weekend trips locally and budget-friendly travels abroad. Don’t get me wrong, I enjoyed them all, and was able to see so many places and so many things, even with the limited budget.
Come 2015 on my second winter trip to South Korea, I learned a very hard lesson on travelling. What was supposed to be a short 4 day trip to Seoul, became a shocker of the decade — my companion and I got a 3-day stay extension. No, not by choice, but by circumstance. While it was deadly cold in Seoul, we couldn’t fly back to Manila since there was a big typhoon in the Philippines. Making things worse, we flew with a budget airline so they were not able to extend any help with accommodations and whatnot. The ending? We had to spend an additional 200-300 USD per person for our ‘unintentional’ holiday extension! So ever since then, I vowed to buy travel insurance whenever I travel.
True, it might sound like an additional expense at first. And so while traveling may be fun, there are a lot of things that can happen along the way. I’m talking about unforeseen occurrences like lost baggage, trip delays or cancellations, or even medical emergencies. So really, at the end of the day, there are so many benefits of travel insurance making it a non-negotiable travel essential. Let me list my top 4 benefits of travel insurance:
Medical and Health Coverage (Benefit 1)
While it’s ideal to be travelling in optimal health, sometimes bad things can happen. Such as getting sick, contracting a disease, or worst getting into an accident. One of the top benefits of travel insurance is medical and health coverage. Depending on the face amount of premium paid, the insured travel is assured that his/her medical and health expenses are taken cared of, should something happen during travel.
Not only does he/she get medical reimbursement, he/she can also count of daily hospital cash assistance (usually). For serious or fatal incidents, travel insurance can also provide Emergency Medical Evacuation and Repatriation. As well as compensation for personal accidents, dismemberments, and disabilities that have occurred during the trip.
I’ve experienced this first hand just this January. My mom suddenly caught a very odd flu on our last night in Cebu. And she had to seek immediate medical assistance. So although we had to pay for the doctor’s professional fee, ER fee, and medicines, we it was okay. Because I was confident I was going to get reimbursed by my travel health insurance. So do remember to keep those receipts!
Compensation for Trip/Flight Delays, Cancellations, and Diversions (Benefit 2)
With the volume of domestic and international travel nowadays, trip delays, cancellations, and diversions are inevitable. And one of the top benefits of travel insurance is protection from these inconveniences. Benefits include but not limited to cash reimbursement for hotel accommodations and restaurant meals (minimum 6/12 hour delay) and trip cancellations (within valid reasons like bad weather or serious injury). Travel insurance in most cases even provide the insured cash reimbursement in cases of hi-jack during the trip!
Now if only I purchased travel insurance back in 2015 for my Seoul trip, I could have saved myself headache of shelling out all those extra money.
Compensation for Loss/Damage of Baggage and Documents (Benefit 3)
Don’t you just hate it when you travel and suddenly something gets damaged, lost, or even stolen? Luckily, one of the top benefits is being compensated for such things if you have travel insurance. Again, depending on your insurer, you can get reimbursed should your baggage get delayed, loss, or even damaged. In addition, travel health insurance in the Philippines such as Malayan also extends cover to the lost of travel documents.
This came handy to me personally when my mom’s baggage got damaged en route from MNL-HKG-LAX. I was able to file for damages after securing all the necessary paperwork and procedures. Saved by travel insurance, indeed!
Peace of Mind and Trip Assurance (Benefit 4)
Lastly, my favorite benefit of travel health insurance is the very fact that it gives me peace of mind all throughout my travels. While I’m still extra cautious about my activities and whereabouts while travelling, I’m rest assured that I am fully protected no matter what!
For affordable and hassle-free travel health insurance in the Philippines and abroad, check out Malayan Insurance Travel Master. For a small amount, you too can get coverage of upto Php 1,000,000 in the Philippines and Php 2,500,000 for worldwide travel. Because at the end of the days, it does pay to Insure to be Sure. Safe travels, everyone!
Visit Malayan Insurance Company in the Philippines‘ website for more information.