Which travel insurance is good? Compare and analyze the pros and cons of popular travel insurance
Which travel insurance is good? To enjoy your trip to the fullest, it's crucial to purchase comprehensive travel insurance! You should first understand your needs and itinerary before deciding which travel insurance to buy. For example, if you plan to go scuba diving, you should choose travel insurance that covers scuba diving. You should also clearly understand the terms of travel coverage, such as how many hours a flight delay should last before you can make a claim, etc. If you would like to compare which travel insurance is good in a short time, this article is for you! It helps you easily compare travel insurance premiums and coverage at a glance!
Best Travel Insurance
| TRAVEL INSURANCE | JOURNEY DELAY PROTECTION | TRIP CANCELLATION COVER | MOBILE PHONE PROTECTION | Premium (For a 5-day Japan Trip)DAY JAPAN ITINERARY AS AN EXAMPLE) |
|---|---|---|---|---|
| Allianz Travel - Silver Plan [for ages 0 to 54] | HK$2,000 (HK$300/ every 5 hour) | HK$20,000 | N/A | HK$99.64 |
| Dah Sing Insurance JourneySure Travel Insurance - Gold | HK$1,500 (First 5 hours HK$300 & HK$600 for the next 10 hours) | HK$20,000 | N/A | HK$115.5 |
| STARR Companies TraveLead Extra Plan | HK$1,500 (HK$300/ every 6 hours) | HK$25,000 | N/A | HK$108 |
| Generali Bravo Travel Protector - Classic Plan | HK$2,000 (HK$300/ every 6 hours) | HK$20,000 | HK$2,500 | HK$188.25 |
| Zurich Get “Z” Go+ Deluxe Plan | HK$1,600 (First 5 hours HK$300 & HK$600 for the next 12 hours)Column 2 | HK$50,000 | HK$3,000 | HK$334.05 |
| AXA SmartTraveller Plus Superior Plan (Single Journey) | HK$3,000 (HK$300/ every 6 hours) | HK$50,000 | N/A | HK$221 |
How to choose the most suitable travel insurance?
Mobile phone or other portable device coverageRow Title 1
Although travel insurance generally provides coverage for the loss or damage of personal belongings, most travel insurance plans on the market do not cover mobile phones. However, some travel insurance plans, such as Generali Travel Plan and Starr International Travel Insurance offer coverage for laptops, tablets, and mobile phones, but the terms specify that only one mobile phone or other portable device will be covered. For example, only the Starr Companies TravelLead Extra and Supreme Plan offer mobile phone coverage. Therefore, before purchasing insurance, you should take the time to understand the terms and conditions before deciding which travel insurance suits you the most.
Trip Delay Coverage
Before purchasing, you can also compare trip delay coverage. The travel insurance on the market compensates for trip delays based on every 5-6 hours. For example, Allianz Travel Insurance - Silver Plan, offers up to HK$2,000 in trip delay coverage (HK$300 for every 5 hours of delay), which has a relatively low threshold. STARR Companies TraveLead Extra Plan compensates HK$300 for every 6 hours of delay (max HK$1,500), which is similar to other travel insurance on the market.
Premiums
Remember to visit travel insurance comparison websites like MoneySmart to get quotes and exclusive offers first before purchasing your travel insurance. Sometimes traveling in a group can receive group discounts. However, the cheapest option may not necessarily be the best. Before purchasing, MoneySmart advises you to first understand your own needs and itinerary, and then decide on the most suitable travel insurance for you. For example, if you plan to go on a self-drive holiday, you should choose travel insurance that provides coverage for rental car excess. Before purchasing your travel insurance, you should understand the terms and conditions before deciding on the most suitable travel insurance for you, to avoid disappointment.
Understanding Age Limitations for Insurance
Many insurance companies set age restrictions for their travel insurance plans, where seniors (aged 60 or above) may be charged higher premiums or have reduced coverage. For example, STARR Companies TraveLead Supreme Plan offers only 50% of the original coverage for medical expenses for insured aged over 70 years old. However, AXA SmartTraveller Plus Superior Plan (Single Journey) does not set an upper age limit for single trips. Therefore, when purchasing insurance for seniors, it's also important to pay attention to the age restrictions.
Choosing an Insurance Company with a Simple Claims Process
Before purchasing travel insurance, the insured should understand whether the insurance company's claims process is straightforward. For example, if the company accepts submission of relevant documents online or not.
Rental Car Excess
If you plan to go on a self-drive holiday, you should pay attention to whether the travel insurance includes any excess car rental. Otherwise, if the rented vehicle is damaged or stolen, the insured will have to bear all costs.
Frequently Asked Questions
Which travel insurance is the most suitable for me?
- This depends on several factors such as your itinerary, destination, etc. If you will be skiing, you should choose travel insurance that covers skiing. If you will be carrying photography equipment, you should choose travel insurance that covers photography equipment. Before purchasing, you should take the time to understand the terms and conditions clearly to decide on the most suitable travel insurance for you.
Which annual travel insurance is good?
- Generali Bravi Travel Protector Classic Plan offers comprehensive travel protection, including rental car excess, suitable for most travels. It covers various leisure sports (including skiing, scuba diving, bungee jumping, etc.), personal belongings, electronic communication devices and sports equipment, loss/damage of mobile phones, etc.
Dah Sing JourneySure Travel Insurance - Gold Plan offers comprehensive travel protection, suitable for self-drive holidays. It also suits travelers planning to carry cameras, and those planning to engage in leisure or amateur activities, with no deductible required. Which travel insurance covers theft or damage of mobile phones?Item Title 3
- Generali Bravo Travel Protector - Classic Plan and Zurich's Get “Z” Go Travel Insurance Plan both provide coverage for theft or damage of mobile phones.
Which travel insurance covers leisure sports like skiing or diving?
- Dah Sing JourneySure Travel Insurance Plan - Gold Plan and Starr Companies Travelead Supreme Plan both cover leisure sports like skiing or diving. Before purchasing, remember to compare travel insurance on comparison websites like MoneySmart and use the filter function to quickly find the travel insurance that best suits your needs.
Is cheaper travel insurance always better?
- Not necessarily, as some very cheap travel insurance plans do not offer coverage for personal luggage loss or trip cancellation, which means you won't receive any compensation if these events occur. You should first understand your needs, assess the likelihood of these accidents happening and your ability to bear the risk. Take the time to understand the scope and amount of coverage before deciding which travel insurance to purchase.