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

Should you or should you not?
by WindowSeat.ph | 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?