Travel Insurance 101: Here’s Everything You Need to Know

Should you or should you not?
by | July 26, 2017


It’s not really as expensive as one might think. Policies start at PHP70 for domestic trips and USD8 for international trips. Travel insurance for a month-long trip to the EU will cost you about USD75 or a little less than PHP4,000. This policy cost will cover the required USD50,000 medical expense and personal accident coverage and the following (actual cost and benefits/coverage via FPG Insurance):

Personal Accident $50,000
Personal Accident (for child from 4 weeks to 17 years or person above 70 years  old) $25,000
Medical Treatment / Expenses Up to $50,000
First Medical Assistance Up to $500
Emergency Dental Care Up to $200 (deductible $60)
Medical Evacuation and Repatriation Actual Expense (subject to a maximum limit of $50,000)
Return of a family member traveling with the Insured Actual Expense
Repatriation of Mortal Remains Actual Expense (subject to a maximum limit of $50,000)
Escort of Dependent Child Actual Expense
Compassionate Visit Travel Cost plus $100/day, maximum of $1,000
Trip Cancellation Up to $2,000 (deductible $30)
Trip Curtailment Up to $2,000 (deductible $30)
Delayed Departure Up to $200
Missed Connecting Flight Up to $200
Flight Diversion Up to $200
Luggage Delay Up to $100
Compensation for in-flight loss, robbery or destruction  of checked-in luggage Up to $1,000, subject to a limit of $150 for any item (deductible $30)
Loss of Travel Documents Up to $300
Loss of Personal Money 25% of loss amount (maximum of $200 limit)
Hijack Cover $100/per day (maximum of $1,000)
Car Rental Protection Up to $4,000
Accidental Burial Assistance $500
Personal Liability Up to $30,000
Other Assistance
Delivery of Medicines Covered
Relay of urgent messages Covered
Long distance medical information service Covered
Medical Referral Covered
Connection Services Covered
Location and forwarding of luggage and personal effect Covered
Should you get travel insurance?

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