Don't leave home without it
If you have the right travel insurance you will enjoy peace of mind on all your journeys. That what is travel insurance should be. A good travel policy must have the following summary of benefits:
Most common and important aspect of travel insurance is luggage and personal effects.
Today's annual Personal policies extend parts of this cover on a world-wide basis, but the
'extent' needs to be carefully checked. Many people also have existing Personal Accident
insurance which would extend to cover any overseas trips. Everyone else are strongly
advised to take out a package Travel policy freely available through their normal insurance
advisor and including the following minimum covers.
Medical expenses including emergency evacuation : US$ 50,000 should be the minimum amount of
cover sought. This should be doubled if you are travelling to North America because of the
extremely high cost of medical treatment there. Cover should also include emergency dental
treatment and additional accomodation and travelling expenses that may be incurred due to
illness. If you are travelling with a friend or relative, the cover should be extended to
include any additional expenses you may incur if you have to stay on to take care of your
companion.
Personal accident: There are so many schemes currently being offered, through either your
employers or even the credit card companies (though some can be restrictive), that you may
well have enough existing cover. A package travel policy will top up that amount over and
above your other arrangements.
Personal luggage and money: Most policies cover modest amounts for luggage and money. If
you use travellers cheques, you greatly minimise the risk and therefore do not need
extensive cash cover. By a similar token, jewellery is best left at home or in a bank safe
when you are on holiday. If you insist on taking it with you, it should be insured on a
world-wide annual policy against All Risks.
Personal liability: Any personal liability you may incur by injuring another, or causing
damage to other people's property by your actions.
Cancellation /curtailment: Reimbursement of irrecoverable deposits etc., for transport and
accomodation that you booked but are unable to use due to death, illness or accident of
yourself, a travelling companion or close relative.
Other covers are sometimes thrown into a package policy, for example, travel delay or
delayed baggage benefit. these tend to be small and perhaps not quite so relevant in Asia
as in Europe where air traffic chaos make flight delays the norm on summer charter flights.
Now that you know what you should be looking for - just one last piece of advice on who you
insure with! Although there are many reputable insurance companies and good quality
policies on the market, it is sometimes advantageous to deal with an insurer who has an
office or a claims settling representative in the country you are visiting. That way, you
can get on-the-spot advice in the event of a problem.
For more details, contact our sales representative
or at Tel : (852) 2523 5959 Fax : (852) 2845 3422
Prior to your travel and before carrying our luggage out of our door to the airport, we must understand the coverage of the travel insurance that we have. What should we know in buying travel insurance?
E-mail :info@savalani-insurance.com