Travelling with peace of mind doesn’t have to be expensive. Find the best travel insurance policy in Hong Kong for your travel needs in minutes.
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|Insurance Provider||Travel Insurance Plan||Highlighted Coverage|
|Hang Seng||Hang Seng Single Trip Travel Insurance||Covers mobile phone damage or loss|
|Zurich||Zurich Get "Z" Go Travel Insurance Supreme Plan||Protection without age limit|
|HSBC||HSBC TravelSurance||Express claims approval service|
|AXA||AXA SmartTraveller||Free cover for children|
|MSIG||MSIG iTravel Plus (Single Trip)||Black travel alert coverage for accommodation and transportation expenses|
|BOC||BOC Universal Smart Travel Insurance Plan||Protection for Dangerous Activities, including parachuting, diving and more|
|AIA||AIA iTravel Protect||No cover restrictions on the depth of dives or altitude of hikes for leisure|
|Hong Leong||Hong Leong Travel Insurance||Full terrorism cover|
|DBS||DBS TravellerShield Insurance||Coverage of home contents while you travel|
|Blue Cross||Blue Cross Travel Smart||Unlimited number of insured children for Family Insurance plan|
|Prudential||Prudential PRUChoice Travel||Popular activities like scuba diving, skiing or participating in marathon for leisure are covered|
|STARR||STARR TraveLead Travel Insurance||Trip cancellation and curtailment coverage for outbound travel alert (including amber alert)|
When choosing travel insurance plans for your holiday, the cheapest policy available is not always the best choice. Buying travel insurance based on your needs is essential, but here are several factors to consider depending on your priorities:
If you can see yourself travelling multiple times, at least 3 to 4 trips in the coming year, you may consider annual travel insurance instead of single trip insurance. Besides saving some cash, you can also save time since there is no need to shop for a new policy every time before you go.
Other than basic cover like trip cancellation, baggage loss etc., if you are doing any special activities or sports, like sky-diving or bungee-jumping, you may need extra cover to get full protection on the medical expenses or personal accident. If you are going on a cruise, you may also need to upgrade your policy so to get missed departure, cruise itinerary change or more cover.
Most travel insurance cover has its own limits and requirements, take travel delay as an example, you can only get compensation if the delay meets the required numbers of hours in the travel insurance policy. Some of the coverage items like rental vehicle protection usually require excess which is the amount you will need to pay before making a claim.
If you unexpectedly suffer an injury or sickness on your trip and need to visit the doctor or hospital abroad, this will cover treatment expenses incurred.
Look for a policy that is able to compensate you for any cancellation, delay or other disruptions to your flight. This will help to tide you over the inconvenience caused before you get on your next flight.
Losing your luggage can be a huge nightmare. Most policies should cover you for lost, delayed or damaged baggage, but if you are bringing expensive items along, make sure you get add-on insurance for those items too.
This coverage starts even before you embark on your trip, and provides reimbursement should you encounter an accident.
If an insured person is involved in legal liability of causing a loss or damage to the third parties, personal liability coverage in travel insurance will be able to help with the compensation and expenses.
Going to climb a mountain? Decided to give skydiving a try? Make sure your policy covers you for the activity you are doing. Some policies only cover climbing up to a certain height so be sure to check the details of sports coverage first.
Like every other insurance, travel insurance has its exclusions and special conditions which the insurance company see as a higher risk, therefore the coverage is not eligible under those conditions. Here are several common categories of exclusions in a travel insurance policy:
The process for specific types of claims may differ between Insurers. However, policies offered by popular insurers such as AXA, MSIG, FWD or AIG generally have similar Travel Insurance Claims procedures. Here are some things that you should take note of when making an insurance claim.
Most insurers will require you to make the claim within 30 days of the occurrence. Given that it will take some time to process your claim, you would want to submit your claim form as soon as possible.
Whatever you are choosing to make a claim for, you have to be able to prove its authenticity. This means showing proof of the following examples:
Apart from your own documents, it’s extremely important to get written confirmation from external parties such as the airline you were flying on or the hotel you stayed at as proof of travel disruption, for instance. This will help to expedite the claims process.
If you have encountered medical conditions overseas, when it’s not an emergency situation, make sure to call the insurance company and get them to accept the claim first, so then you will less likely get a rejected claim.
When your luggage or belongings are lost or stolen, you are required to contact local police within 24 hours after the theft takes place and get a written police report. Pay attention that unattended belongings may not be covered as it is considered as personal responsibility.
Here are some Travel Insurance tips that can help you select a great policy and give you peace of mind when travelling out of Hong Kong.
Check if you can make claims on flight delays that are caused by natural disasters, such as typhoons. You will not be covered if you did not purchase your plan before the typhoon signal is issued -- so buy coverage as soon as your trip is finalized.
Did you know that in certain cases, you can make claims and get your money back within a few hours? For example, if you get MSIG travel insurance and rent a car in Japan, you could make a claim much faster (just a few hours)!
A majority of travel insurance plans do not provide coverage on accidental loss of mobile devices. However, Hang Seng travel insurance and AXA travel insurance plans typically do!
Many travel insurance providers offer discount promotions to customers, all you have to do is just purchase through their website and apply a designated promo code. Take Hang Seng Travel Insurance as an example, Hang Seng customers can get up to 25% and 30% discount for single and annual plans. For Blue Cross, SmartClub members and enjoy 40% off and get a FoodPanda HK$50 e-voucher upon successful purchase online. Make sure to check MoneySmart for the best deals before purchasing and get exclusive offers!
Which travel insurance suits me the most?
There is no such thing as the best insurance policy but there is a policy that suits you the most. Get it now!
Travel insurance helps protect you from risks before, during and after your trip. Travel insurance can cover personal accidents or medical expenses, travel inconvenience as well as theft and loss of Baggage. If you are travelling overseas you should definitely get a travel insurance plan as it’s relatively cheap and can protect you from unnecessary cost and risk.
When you buy travel insurance you can choose from two types of policies - Single Trip or Annual Trip coverage.
Most insurers offer cheaper premium rates if you purchase your travel insurance as a family. If you compare plans offered by the same insurance provider, you can generally expect to save 5% to 15% when you purchase a family plan instead of an individual plan.
No. Travel insurance must be purchased before your trip commences. You should buy your travel insurance as soon as possible, best after you’ve booked your tickets and hotels, as travel insurance cover starts right after your purchase, to give you the maximum coverage like trip cancellation or delay.
Travel insurance is a relatively simple insurance product. Almost all travel insurance policies will cover you for personal accident, medical and travel inconvenience. However, if you intend to rent a car or plan on participating in underwater sports like snorkeling or diving, you might want to get a travel insurance policy that covers these activities in addition to the basic coverage. Compare Travel Insurance Plans on MoneySmart for free and find the one with the best price and coverage level for you!