Content Editor
March 20, 2023

We all want promises to be kept–and it’s one thing that travel insurance assures you when things go south and something unexpected takes place before, during, and after traveling. For some, it is an affirmation that when they encounter a certain incident, they will still be able to fix things right away and ensure hassle-free travel. While, some still question its necessity and are still skeptical of getting it because it is, in fact, an intangible product that may or may not be beneficial, unless tested. 

You might be wondering what travel insurance is, why it matters, and how it will benefit you in particular and good news is, we’re here to tell you exactly why you’ll be needing one!

What is Travel Insurance?

A travel insurance, just like any other insurance, protects travelers from any minor and major inconveniences and unforeseen occurrences that may happen when they travel. It is a promise that one buys to guarantee that they are secured in the event of flight delays, cancellations, lost packages and/or baggage, missing documents, accidents, and medical emergencies–which do happen most of the time and are completely inevitable. Travel insurance will be of great use for those who travel often, those who are first-time travelers, and those who just want to avail one just because. 

Philippine Travel Insurance: Top 5 Reasons Why It's Important

In the event of Lost, Stolen, or Delayed Baggage

Losing a baggage is every traveler’s worst nightmare. Sometimes, it takes weeks for it to be returned by the airline responsible and sometimes, it just gets lost and damaged along the way–and we know how stressful this could get. But, with travel insurance, you can be reimbursed for lost, stolen or damaged baggage and if you purchase one with Baggage Delay coverage, they can pay you back for the expenses you had while waiting for your delayed baggage. 

It Keeps our Vacation Investment Safe

A simple inconvenience may require unnecessary expenses that are way out of your vacation budget. To prevent you from using your investment for the trip, this insurance can cover some of travel-related expenses caused by an unforeseen circumstance or covered reason. 

Overseas Medical and Healthcare is Expensive

Accidents happen and sickness is unavoidable, regardless if you are on a trip or just in your hometown. Thing is, when you are in your hometown, you can easily pay medical bills but when you are on a trip overseas, they might require you to pay bills in cash. This is also an absolute nightmare for those travelers who only have the right amount of budget for the trip! Good thing is, when you have travel insurance with emergency medical benefits along with it, then it can pay for losses due to covered medical and dental emergencies that happened during your trip. 

Travel Delays and Interruptions

Last March 17, there were about 12, 839 flights that got delayed and we know how circumstances like this could interrupt some of your planned activities in your supposed trip.  A travel insurance plan can protect you in situations like this, making it easier for you to think and buy necessary things because of flight delays and not worry about how much it would cost. 

It's Easy to Find and Affordable

We can’t blame some people for being skeptical on this because who would want to spend additional bucks on insurance aside from the vacation expenses?!  Kid you not, we hear you. Just as much as you want to save your money, there are actually affordable travel insurance plans with multiple coverage options to choose from that suit your needs based on  your budget. Plus, it’s easier to find too than any other insurance plan!

Getting a Travel Insurance in the Philippines: Tips to Get You Started

How Do I Apply for Travel Insurance?

Application of travel insurance can be done online for easier transactions. You may want to browse through the internet and look for a trusted travel insurance company that best suits your exigency. 

How Much Does Travel Insurance Cost?

How much it costs - Travel insurance’s overall cost varies on the number of travelers that the plan, their age, and the destination would cover. It all boils down to the plan you want to acquire and the benefits you want to have, unless there are more factors added by the insurance provider. The higher the risk, the higher the amount you need to pay for it. 

Travel Insurance Requirements

 If you are planning to get one for yourself, you need to meet the following criteria:

• Aged between 1 and 80 years old

• Traveling locally or internationally

• To apply for Travel Insurance in the Philippines, you must provide the following requirements:

• Duly accomplished application form

• Itinerary showing destinations

• Mode of travel (air, land, sea)

• Dates of travel

• Photocopy of any valid ID

• Birth certificate

If you travel a lot, it’s always a good thing to be over-prepared than to be sorry when you could have taken precautionary measures. The whole point of traveling is to just enjoy and relax, but life is indeed unpredictable, and travel uncertainties may occur along the way. So, what better way to prevent all these than getting travel insurance?