Insurance is a contract between two parties, where one party i.e., the Insured pays a sum of money called a premium and the other party, i.e., the insurer promises to reimburse for the specified type of loss arising. This contract is known as the Insurance policy. An insurance policy is a contract that outlines the terms and conditions under which an insurance company will pay in case of a specified loss. The party that buys an insurance policy is the policyholder. The sum of money which is paid to cover detailed damage is known as the premium. In case the insured suffers a loss, the type of loss which the insurer will reimburse is known as the coverage. Only when the specified loss arises, the insured party can claim for insurance.
Types Of Insurance
Any kind of risk which can be quantified can be insured. The Insurance policy usually mentions the specified kind of loss which is covered and the terms under which it can be claimed. Some of the common types of insurance taken are Life Insurance, Health Insurance, Motor Vehicle Insurance, and Travel Insurance. Among these, the Motor Vehicle insurance is compulsorily taken, Travel Insurance is compulsory when an individual travels abroad since emergencies can occur at any point in time. It is better to stay covered against known specified risks at all times of travel.
How much travel insurance cost?
The price of insurance and the condition vary. It is very important to understand the plan before you take it.
What Is Travel Insurance?
Travelling around the world is lovely to experience. Unexpected things may always happen while going around the world, and sometimes you may not be in a position to deal with losses. Trip travel insurance offers protection against lost baggage, trip delay, lost passport, death and bodily injuries while in a foreign country.
Travel Insurance Guide
Suppose one wants to travel to a foreign country for any purpose, be it a vacation, honeymoon, or business trip. An individual would always be safer when he/she is covered under a travel insurance. Travel insurance allows one to enjoy their purpose of visit without worrying about financial emergencies since such travel Insurance Policy will cover the specified losses.
Travel Insurance Guide Singapore
Singapore is a small island country which is located south of Malaysia. The size of the country is just spread out over just 719 sq km, but it is an economic powerhouse and a popular tourist destination. Travel Insurance is very much needed when one travels to a foreign country so that one is better covered to meet financial emergencies. Travel insurance guide Singapore allows you to move in and around Singapore with certain benefits that can be compared among the insurance companies. Some of the standard protection of Travel Insurance is;
- Lost passport
- Lost/delayed baggage
- Injuries /death
- Trip delay
Travel insurance guide Singapore helps in choosing the best policies among the insurance companies while travelling in Singapore. It is a guide one can choose from keeping the budget and safety in mind. The best policies usually cover all your needs, and it is the costliest. Considering the purpose of travel, one can decide upon the best suitable policy from among the guide.
What the travel Insurance guide Singapore does not cover?
Some of the risks not covered under travel insurance are; Undisclosed life-threatening conditions, Self-inflicted injuries like suicide, alcohol/drug abuse etc. , threats like war, protests in a foreign country, negligence in taking care of your baggage and passport etc. are some of the risks which are not covered under the Travel Insurance guide Singapore.
Travel Insurance online
Travel insurance was traditionally bought at banks. With increasing, use of technology at present one can buy travel insurance at a click of a button or even purchase insurance on the mobile phone. With simple steps, one can buy the guarantee at any point of the day. Travel insurance online also provides 24/7 assistance from anywhere in the world.
Travel Insurance Online Singapore
Travelling in and around Singapore is easy as there is connectivity to every nook and corner. Travelling is extremely safe and clean.
At any point in time, one can face any unexpected situation regarding health and even financially. One cannot bear losses during such time of travel in Singapore. To protect one from risks and to ensure one has a good time, individuals buy travel insurance. Travel Insurance is purchased by the person travelling by paying a certain amount of money known as premium.
Since these days, most transactions happen online; even travel insurance can be bought online. Travel Insurance online Singapore, can be purchased on any day of the year, 24/7 assistance will be provided. With a few simple steps, insurance can be bought at an instant. Travel Insurance online Singapore can be purchased from anywhere in the world, by just paying a certain sum of money called premium. Travel insurance online Singapore would give the person travelling some safety and protection from financial losses and other risks.
Some of the perils covered under the travel insurance online Singapore are loss of baggage, loss of passport, medical emergencies, and cancellation of the trip, accidental death and disability. A certain percentage of reimbursement is provided according to the estimated loss/risk. By this travel insurance, one is financially protected from specified losses/risks one buys.
Conclusion
Travelling to a foreign country may be fun, but at the same time involves risks along with it. Since travel insurance offers you protection against unexpected situations, be it medical or other inconveniences, one can be financially safer. Travel Insurance guide Singapore allows you to choose for a single trip, or multiple trips to a particular destination. You may also want to extend your policy by paying an extra premium on your existing policy. Travel Insurance online Singapore helps in selecting the best policies for safe travel by comparing different insurance companies. You can also buy it at any time, with ease and convenience
Discover more: Best Car Insurance Singapore.