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

Should you or should you not?

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 / ExpensesUp to $50,000
First Medical AssistanceUp to $500
Emergency Dental CareUp to $200 (deductible $60)
Medical Evacuation and RepatriationActual Expense (subject to a maximum limit of $50,000)
Return of a family member traveling with the InsuredActual Expense
Repatriation of Mortal RemainsActual Expense (subject to a maximum limit of $50,000)
Escort of Dependent ChildActual Expense
Compassionate VisitTravel Cost plus $100/day, maximum of $1,000
Trip CancellationUp to $2,000 (deductible $30)
Trip CurtailmentUp to $2,000 (deductible $30)
Delayed DepartureUp to $200
Missed Connecting FlightUp to $200
Flight DiversionUp to $200
Luggage DelayUp to $100
Compensation for in-flight loss, robbery or destruction  of checked-in luggageUp to $1,000, subject to a limit of $150 for any item (deductible $30)
Loss of Travel DocumentsUp to $300
Loss of Personal Money25% of loss amount (maximum of $200 limit)
Hijack Cover$100/per day (maximum of $1,000)
Car Rental ProtectionUp to $4,000
Accidental Burial Assistance$500
Personal LiabilityUp to $30,000
Other Assistance
Delivery of MedicinesCovered
Relay of urgent messagesCovered
Long distance medical information serviceCovered
Medical ReferralCovered
Connection ServicesCovered
Location and forwarding of luggage and personal effectCovered
Should you get travel insurance?