How can you make your trip a safer one? So let us share with you the types of plans that can cover you in such events!
Firstly, we got the single trip plan which is a short-term plan that covers a specific trip, usually commencing from, and returning to, Singapore. It refers to a policy that covers a traveller for a single return trip. This is ideal for those who are not planning to travel frequently for that year.
Next, we have an annual multi-trip plan that covers a person for a year. While it covers trips within a region that starts and ends in Singapore, these trips can only be limited to 90 days each. You might want to check with your insurer the exact prices for these insurance since these prices depend on your destinations and the level of coverage you want. There can be cases such as this, where a person travelling to multiple countries in Asia would be better off buying multiple single-trip coverages rather than a more general, annual cover insurance package.
Apart from that, there is also an individual plan which covers just you or just one other person. This applies if you are buying the plan for someone else!
Up next, we got the family plan, which is crucial for family members travelling together. In this plan, you can find suitable coverages for yourself, your spouse, and of course, your kids. However, some providers limit the number of family members who can be on this plan, so do take close attention to the relevant terms and conditions.
Finally, we have a group plan, which is perfect for people travelling in a group. This plan provides almost the same benefits as offered in individual plans, but at a lower cost.
For most travellers, choosing the type of insurance plan might be difficult but knowing how frequently you travel, and how many people accompanying you, can help in your decision.
- First, we have the most basic policy, called the Third party coverage. It covers only the costs associated with the damages to property and injuries to people, that are caused by the policyholder.
- Second, we got the Third-Party, Fire & Theft coverage which expands on the basic coverage by providing additional protection from losses due to accidental fires and theft.
- Finally, we have the Comprehensive coverage which covers not only third party liabilities and fire/theft, but also covers losses and damages done to the policyholder, as well as their vehicle, passengers and belongings. This is the type of car insurance most commonly-bought in Singapore.