Best Travel Insurance Policy from Hong Kong

Traveling is definitely exciting, vibrant and exhilarating to everyone in the world, while travel insurance seems to be an unnecessary expense. Very often it is not because of the risks involved in traveling, especially the overseas traveling. You need to be safe when you are away from the homeland. Unless you carry a travel insurance policy with you, getting help while traveling is not easy.  Best Travel In surance Policy Hong Kongtravel-insurance-policy-hongkong

Travel insurance policy helps to cover a range of helpless circumstances like:

  • Flight cancellation
  • Delayed flight
  • Lost luggage
  • Delayed luggage
  • Medical emergencies
  • Passport or wallet theft
  • Political unrest in the travel destination
  • Natural calamity at the destination
  • Acts of Terrorism causing unrest
  • And a lot more

With travel insurance on hand, you can easily manage the bitter experiences. The insurance company reimburses the amount that you lost during your travel. It rescues you from different unpleasant environments, which are not a just monetary loss, but even medical emergencies. Indeed, it can be a life-saving tool during your trip.

Compare Travel Insurance In Hong Kong

Apart from the legitimacy of the insurance companies, consider the following factors while comparing travel insurance in Hong Kong

Cheap

Many online websites help to compare the cost of individual insurance, family insurance and annual insurance package for frequent travelers. Citibank Hong Kong now offers 30% to 40% of discounts for their single, family and annual travel insurance products.

Coverage

Every travel insurance package includes different coverage like medical expenses, travel delay, personal accident cover, lost documents, personal liability, emergency medical evacuation, cancellation of the trip, etc.,. Citibank has incorporated additional protection for mobile, driving, sports activities and cruise holidays.

Where and How to Buy Travel Insurance In Hong Kong?

Insurance companies – You can directly buy the travel insurance policies offered directly by the insurance companies. These policies include better risk coverage. Read out the ratings and reviews of the companies, along with the travel insurance details to compare and decide. The approval process is long and takes more time.

Banks – Another option to buy travel insurance is through the banks. The versatile banks like Citibank Hong Kong include travel insurance in their product list. Policies introduced by the banks come out with plenty of discounts, rewards, and deals. Banks also partner with large insurance firms like AXA and Zurich to ensure valid service. Further, these banks are industrious that they often issue their travel insurance products through their official websites and avoid brokerage paid to the insurance brokers. Within a few seconds, you can get quotes from the bank and instantly get approved. Even if your travel has been scheduled this week, it is easier to get online travel insurance immediately through the online services.

Insurance Brokers – Insurance broker community is pretty big in Hong Kong, yet most of them do not focus on travel insurance. Therefore, it is ideal to skip an agent’s service, regarding travel insurance. Further, the brokerage may eat up the policy cost.

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Why Travel Insurance Is Necessary

Why Travel Insurance Is Necessary – Predicting everything during a journey is quite impossible these days, due to a range of risks, starting from health issues to unexpected weather condition to terrorism. Despite the mounting risks, the exploring spirit of the travelers has not dropped rather they are all set to take the travel insurance as a necessary item than as a rare add-on, to safeguard themselves from various risks.

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Why Travel Insurance Is Necessary?

Travel insurance benefits are listed below:

  • Landing and exploring an unknown location is exciting, especially because it is absolutely new to us. Such trip may turn scary if you are injured or diseased. With travel insurance, you can avail 24 hours assistance for medical requirements.
  • Apart from the medical issues, a travel insurance reimburses for the lost luggage, flight delay, loss of a wallet or the identity cards like Passport and Visa.
  • Travel insurance reimburses even the non-refundable expenses like trip cancellation due to illness, natural disaster, military orders, labor strikes, if your travel agent goes bankrupt, etc.,.
  • Death or impairments in the parts of the body due to an accident are reimbursed through travel insurance policies.
  • Beyond the tangible benefits, the insurers get confidence and complete peace of mind while exploring the world.

Similar to the regular life insurance, house insurance, health insurance and car insurance, a travel insurance policy has to be acquired before starting the trip. The internet facilities have allowed people to take up instant travel insurance online. The Citibank Hong Kong offers a range of the journey insurance types, through online.

When Does It Make Sense To Purchase Travel Insurance?

Buy Travel Insurance – The cover that you will need when you travel, alone or with your family, to take care of unplanned issues like a medical expense, losing luggage, an accident ( flight, ship, etc.), is what roughly travel insurance is all about. Travel Insurance Plans or Travel Insurance Policies provide that cover. The fundamentals aside, every company has its limitations, rules and the extent to which it offers cover. The cover can be taken on an individual basis or for whole families. Most travel insurance policies are taken out at the time of booking the trip, to provide cover for the duration of the journey or a series of the trip. One time, single trip travel insurance and multi trip travel insurance are offered by most travel insurance providers.

Here Is Why It Makes Sense to Buy Travel Insurance

If you’re a traveler you’d know right away that more than flight accidents, baggage loss is likely to offer; as a matter of fact that is the most common issue with travel; getting it covered makes sense.

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Medical Emergencies – Not always are you prepared to meet medical expenses while in transit, especially when in another country; check out for the medical cover

Travelling takes you out of your comfort zone; even the smallest injury can spoil your whole trip and find you completely unprepared in a different location in an altogether different set up; see if you cover includes injuries and illness

Your health insurance is only good in your country; not many people have health insurance that is international, in the sense that it works outside your countries of origin; it makes sense to be better prepared, especially if you are on a trip as a family

If you’ve made a plan and it doesn’t turn out that you’ll be going ahead with the plan, it doesn’t make sense to pay right? You’d have to if you’ve booked. This is where travel insurance gets in to see that you need not pay for a canceled trip.

Check out plans to understand the cover. If you’ve simply bought travel insurance and it does not cover your medicine cost adequately, it would be an incomplete cover.

Buy Travel Insurance – Citibank Hong Kong includes emergency medical evacuation; medical expenses up to HK$1000000 and also comes with an accident benefit. Many banks offer something in this range, and even more, only you need to shop around and pick the most efficient ones. Ask around, and you’ll know which travel insurance provider lives up to the claim they make. Some even cover sports activities like skiing, snowboarding, horse riding, etc. (for amateurs of course). See what suits you best after going through the whole range and matching it with what you can expect on your trip, will let you find your best travel insurance plan.