Travel Insurance: Find out what it is, when and how to get it
Posted: Sun Dec 22, 2024 6:13 am
Traveling is an exciting experience, but unforeseen events can happen at any time, from illness and accidents to lost luggage. That's why travel insurance is an important tool to avoid worries during your adventures, whether for leisure, work or study. When it comes to traveling, stressful situations can occur even in the best experiences.
Travel insurance is a contract that offers financial protection and assistance in the event of unforeseen events or problems during a trip, ensuring peace of mind and security for the traveler.
It’s like having a “plan B” for your trip, ensuring that you’re prepared for any unexpected situation that may arise. Below, find out how travel insurance works and when is the best time to purchase this service to ensure greater security.
What is travel insurance?
Travel insurance is a form of financial protection that aims to minimize the risks associated with unforeseen events during travel. Insurance is a legal agreement between the insurer and the insured, where the insurer undertakes to compensate the insured in the event of unexpected expenses, in accordance with the risks covered in the contract.
The Superintendence of Private Insurance (SUSEP) defines travel insurance in Resolution No. 302 of 2005, in article 87, as a mechanism that “guarantees the insured or their beneficiaries compensation, limited to the value of the insured capital contracted, in the event of the occurrence of covered risks related to the trip” .
Travel insurance not only provides security, but also helps reduce costs associated with emergencies such as illness, accidents, lost luggage and lost documents. According to SUSEP, it is mandatory that the insurance includes at least one of the basic coverages, such as medical, hospital and/or dental expenses, body transfer, medical repatriation, and other additional coverages that may be relevant, such as trip cancellation and assistance in case of lost documents.
The most common coverages include:
Medical Expenses : Coverage of costs related to medical consultations and treatments during the trip. This coverage is a great help, especially in countries where health services can be extremely expensive.
Trip Cancellation : Reimbursement of costs in case of trip cancellation due to unforeseen situations, such as health problems or family emergencies.
Lost Baggage : Compensation in case of loss or damage to baggage during the trip.
Flight Delay : Compensation for additional expenses caused by flight delays, such as food and accommodation.
Additional Services : These include assistance in the event of lost documents, monitoring of minors and concierge services, among others.
How to get travel insurance?
Before purchasing insurance, it is important to consider singapore number list the destination, duration and type of trip. International travel, for example, may require more extensive coverage due to high medical costs in some countries. Therefore, it is important to check the specific needs of your trip, such as sports insurance, legal assistance or baggage coverage.
Several insurance companies offer travel insurance plans with different coverage and prices. It is advisable to compare the available options, taking into account the coverage, compensation amounts and exclusions of each policy. If you are in doubt, online insurance comparison platforms can be useful to find the option that best suits your profile and budget.
Before you sign up, read the insurance policy carefully. This document contains all the information about coverage, exclusions, and procedures required to activate the insurance. It is essential to understand the details, such as coverage limits and specific conditions, to avoid unpleasant surprises in emergency situations.
After choosing the plan, the contract is formalized with the payment of the insurance, which can be made by credit card, bank slip or even via digital payment platforms.
Once the contract is signed, the insured receives the policy by email or in digital format, containing all details about coverage, emergency contacts and instructions on how to activate the insurance during the trip.
Although it is possible to purchase travel insurance up until the day of departure, it is best to do so in advance to ensure coverage from the moment you purchase your trip. Some coverage, such as trip cancellation coverage, is only valid if the insurance is purchased before any unforeseen event.
How to activate insurance in case of emergency?
When faced with an emergency, the traveler should call the insurer's call center, which is usually available 24 hours a day. Contact can be made by phone, email or through the insurer's app.
The center will provide guidance on what to do and, in some cases, will authorize the costs directly with service providers, such as hospitals or clinics. Depending on the case, the insured may need to present documents, such as a police report (for lost luggage) and expense receipts (for reimbursements).
Travel insurance is an investment that provides security and peace of mind, allowing travelers to enjoy their experience without worries. Even if unforeseen events do not occur, insurance provides a sense of security that makes all the difference.
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Travel insurance is an investment that provides security and peace of mind, allowing travelers to enjoy their experience without worries. Even if unforeseen events do not occur, insurance provides a sense of security that makes all the difference.
We hope you enjoyed this article and found valuable information on Onhappy for your reflections! To stay updated with more amazing content, travel tips and exclusive news, follow us on social media .
Travel insurance is a contract that offers financial protection and assistance in the event of unforeseen events or problems during a trip, ensuring peace of mind and security for the traveler.
It’s like having a “plan B” for your trip, ensuring that you’re prepared for any unexpected situation that may arise. Below, find out how travel insurance works and when is the best time to purchase this service to ensure greater security.
What is travel insurance?
Travel insurance is a form of financial protection that aims to minimize the risks associated with unforeseen events during travel. Insurance is a legal agreement between the insurer and the insured, where the insurer undertakes to compensate the insured in the event of unexpected expenses, in accordance with the risks covered in the contract.
The Superintendence of Private Insurance (SUSEP) defines travel insurance in Resolution No. 302 of 2005, in article 87, as a mechanism that “guarantees the insured or their beneficiaries compensation, limited to the value of the insured capital contracted, in the event of the occurrence of covered risks related to the trip” .
Travel insurance not only provides security, but also helps reduce costs associated with emergencies such as illness, accidents, lost luggage and lost documents. According to SUSEP, it is mandatory that the insurance includes at least one of the basic coverages, such as medical, hospital and/or dental expenses, body transfer, medical repatriation, and other additional coverages that may be relevant, such as trip cancellation and assistance in case of lost documents.
The most common coverages include:
Medical Expenses : Coverage of costs related to medical consultations and treatments during the trip. This coverage is a great help, especially in countries where health services can be extremely expensive.
Trip Cancellation : Reimbursement of costs in case of trip cancellation due to unforeseen situations, such as health problems or family emergencies.
Lost Baggage : Compensation in case of loss or damage to baggage during the trip.
Flight Delay : Compensation for additional expenses caused by flight delays, such as food and accommodation.
Additional Services : These include assistance in the event of lost documents, monitoring of minors and concierge services, among others.
How to get travel insurance?
Before purchasing insurance, it is important to consider singapore number list the destination, duration and type of trip. International travel, for example, may require more extensive coverage due to high medical costs in some countries. Therefore, it is important to check the specific needs of your trip, such as sports insurance, legal assistance or baggage coverage.
Several insurance companies offer travel insurance plans with different coverage and prices. It is advisable to compare the available options, taking into account the coverage, compensation amounts and exclusions of each policy. If you are in doubt, online insurance comparison platforms can be useful to find the option that best suits your profile and budget.
Before you sign up, read the insurance policy carefully. This document contains all the information about coverage, exclusions, and procedures required to activate the insurance. It is essential to understand the details, such as coverage limits and specific conditions, to avoid unpleasant surprises in emergency situations.
After choosing the plan, the contract is formalized with the payment of the insurance, which can be made by credit card, bank slip or even via digital payment platforms.
Once the contract is signed, the insured receives the policy by email or in digital format, containing all details about coverage, emergency contacts and instructions on how to activate the insurance during the trip.
Although it is possible to purchase travel insurance up until the day of departure, it is best to do so in advance to ensure coverage from the moment you purchase your trip. Some coverage, such as trip cancellation coverage, is only valid if the insurance is purchased before any unforeseen event.
How to activate insurance in case of emergency?
When faced with an emergency, the traveler should call the insurer's call center, which is usually available 24 hours a day. Contact can be made by phone, email or through the insurer's app.
The center will provide guidance on what to do and, in some cases, will authorize the costs directly with service providers, such as hospitals or clinics. Depending on the case, the insured may need to present documents, such as a police report (for lost luggage) and expense receipts (for reimbursements).
Travel insurance is an investment that provides security and peace of mind, allowing travelers to enjoy their experience without worries. Even if unforeseen events do not occur, insurance provides a sense of security that makes all the difference.
banner
Travel insurance is an investment that provides security and peace of mind, allowing travelers to enjoy their experience without worries. Even if unforeseen events do not occur, insurance provides a sense of security that makes all the difference.
We hope you enjoyed this article and found valuable information on Onhappy for your reflections! To stay updated with more amazing content, travel tips and exclusive news, follow us on social media .