Are you planning a trip overseas? Consider purchasing travel insurance to ensure you are covered if something goes wrong! If you’ve never needed a travel policy before, you might wonder how to buy travel insurance online in Singapore.
In this short guide, we’ll walk you through the steps you need to take to cross one item off your vacation preparation to-do list.
What Is Travel Insurance?
Travel insurance is designed to provide coverage if an emergency evacuation or medical care is required, while you are away on an international trip.
It serves as a backup plan if something goes wrong while you’re in a foreign land. You’ll have the assurance that your expenses are covered.
1. Do Your Research
Before you buy travel insurance online, it is essential that you do your research. There are a number of different options, and the frequency of travel, the number of people you need coverage for, and the duration of your stay will determine which policy is the best fit.
Because purchasing insurance plans online eliminates the “middleman,” it is important that you take the time to learn more about your options before signing up.
In the section below, we’ll look at two of your options.
- Single-trip travel insurance. This type of coverage is used for a once-off trip that lasts less than 31 days.
- Annual travel insurance. If you travel often, you’ll need annual travel insurance. This plan offers coverage all year round, regardless of how often you go overseas.
2. Compare Quotes
The truth is that travel insurance can be expensive, and to ensure that you’re getting the best coverage at the most affordable price, you must compare quotes from leading insurance providers before deciding which one to choose.
Many insurers have an online tool that you can use to calculate premiums, so you can use this feature to find out more about pricing and payment terms.
When looking at quotes, it is important to check the coverage. Every insurance provider is different and will offer its plans and types of coverage. Ideally, you want a policy that covers delayed flights and baggage, medical expenses, hospitalization, personal liability, accidents, and emergency evacuations.
Vacations are all about trying new things and testing your limits. If you intend to practice any extreme sports or activities, such as skiing or skydiving, you will also need to find a policy that covers any expenses that covers for a mishap.
Another essential factor to consider when choosing an insurer is whether Covid-19-related expenses are covered.
Once you have obtained quotes from different providers and are happy with your choice, you can move on to the next step, which involves purchasing the insurance plan.
3. Buy Travel Insurance Online
Most insurers have an online form you can complete and submit to purchase insurance coverage. Simply add departure and return dates, the country or countries you will be visiting, and the number of people that you require coverage for.
Next, provide personal details, such as your name, date of birth, and contact information. You’ll also be required to provide your physical address and NRIC/FIN number.
4. Proceed with Payment
Once you have entered your details and reviewed the policy, it’s time to make payment. Most insurance providers offer a few payment options, so choose the payment method you’re most comfortable with and complete the transaction by following the prompts.
5. Enjoy Your Coverage
Congratulations! You now have travel insurance for your next trip. That means you’re covered if anything unexpected occurs, so you can plan the rest of your vacation or business trip with complete peace of mind.
Need to Buy Travel Insurance Online?
Finding comprehensive cover at reasonable prices isn’t easy. Fortunately, we have designed our insurance plan to be the most affordable on the market without compromising benefits. Bubblegum Singapore an insurance platform built by MoneySmart.
We have made obtaining travel coverage much more accessible by streamlining the process. You can make inquiries and buy a travel insurance policy online in just a few clicks.
To find out more, browse the Bubblegum site today!