Travel insurance is one insurance product that specifically bears all the risks that may occur while traveling within or outside the country. These risks include delays, losses, accidents, to acts of terrorism. Usually in the process of making a visa in European countries and America, Travel Insurance is one of the mandatory requirements that must be met.
Each insurance service provider company has different provisions related to travel insurance products. A number of these provisions are listed in the policy, a written contract between the insurance company (the insurer) and the customer (the insured) that contains the transfer of risk and the applicable conditions.
There are some things that really need to be understood by customers before finally signing a travel insurance policy. The following are some of them.
1. Types of Risks Covered
The type of risk borne by may differ from one company to another. For example, in the midst of the Corona Virus pandemic (Covid-19), Astra Buana and Simasnet did not bear it. Whereas Allianz dared to give responsibility for special conditions. Therefore pay close attention to any risks borne. If there is something ambiguous or not understood, contact the clerk and ask for a detailed explanation.
2. Amount of Deposits
The amount of deposit to be given to customers differs depending on the product and the amount of the travel insurance premium purchased. The greater the premium, usually the amount of dependents will also be even greater. Adjust it to your needs, if indeed your trip is quite risky then don’t hesitate to buy priority travel insurance, even though the premium paid is rather expensive.
3. Duration of Travel
This section does not need to be given much attention if you plan to travel for a short time. But for those of you who want to make a long journey absolutely must pay attention to this section. The maximum duration of a trip varies, but is usually in the range of 180 days. Allianz provides a travel period of up to 183 days, while AXA, ACA, Travellin, and Chubb are only 180 days.
4. Ease of Claim Process
Before buying, make sure that the travel insurance product makes it easy to process claims if an unwanted risk occurs. Ask the clerk about the terms, procedures, and stages of the claim process. Do not hesitate to ask if there are things that are not understood or have ambiguous meaning. It’s useless to buy insurance at an expensive price if it can’t be claimed eventually.
5. Dependent Area
Not all countries in the world that are travel destinations are covered by the insurance. Conflict countries, such as Syria and Afghanistan, are not included in the dependent area. Usually several companies group their products by destination, for example domestic, international, Schengen, European, and Asia-Pacific. So make sure that the product purchased is suitable for your travel destination.