Users wouldn’t want to waste all of their money if their vacation has to be postponed which happens a lot. The very first reason to get travel insurance is to benefit from trip cancellation coverage.
These above-mentioned policies may pay you for nonrefundable events, pre-paid travel expenses, etc. However, when you will be forced to cancel any trip for a specific reason, your insurance will do the job. You will get your refunds and also get the chance to reschedule your trip.
When can you use the travel insurance?
When mishaps happen in the trip
We have seen so many cases in the last few years where many individuals were caught suffering from medical emergencies while traveling. There were incidents like trauma, broken bones, brain hemorrhage, heart conditions, etc.
You should definitely have a look at list of insurance companies in Singapore to choose the right insurance.
Medical evacuations may be very costly
Research shows that while traveling abroad, if anyone gets injured or become sick, they will be given services for special treatments. In certain areas of the globe, a medical evacuation may cost up to six figures as per data which can be covered by your travel insurance.