Travel Insurance: You're Doing It All Wrong

Buying travel insurance might not be as simple as you think.

- Joy Fang

So you think you’re a seasoned traveller who knows all there is to know about traipsing around the world. Your bags are packed, you’ve got your mobile Wi-Fi and vaccinations sorted, and you’re well-protected with travel insurance. Or are you?

A recent study by the Singapore Tourism Board found that while 97 percent of Singapore travellers are aware of travel insurance, they rarely pay attention to the specifics of their policies. In fact, less than half of the respondents actually read the terms and conditions.

If you’ve been skipping over the fine print, don’t fret – here’s what you need to know the next time you buy travel insurance.

1 Look out for the word “excess”