When planning a holiday, travel insurance might not be at the top of the list. Many people simply compare premiums and go for the cheapest option without considering what they might be sacrificing. Of course, saving money is a priority for most travelers, but does the lowest-priced policy truly provide the best protection? Let’s explore why focusing solely on price can be a risky move and highlight other essential factors you should consider when selecting travel insurance in Singapore.
Why the Cheapest Isn’t Always the Best
In Singapore, it’s common to compare travel insurance prices and choose the cheapest option. Many travelers type in "cheap travel insurance Singapore" or "best travel insurance deals" into search engines, hoping to find the most affordable plan. It’s easy to assume that all policies are similar and that paying more might just be a waste. However, a cheaper premium often means lower coverage limits, a slower claims process, and potentially less effective customer support.
Price is important, but travel insurance is about protection. When things go wrong, like flight delays, lost baggage, or medical emergencies abroad, having the right policy can make a world of difference. Let’s look at three factors beyond cost that you should consider when buying travel insurance.