As the holiday season approaches, experts are reminding travelers not to overlook travel insurance, which can help avoid costly disruptions and ensure peace of mind amid unpredictable travel conditions.
According to BDO Insure, travel insurance remains one of the most practical safeguards for those planning trips during the busy “ber” months. The company listed five key reasons why coverage matters for every traveler.
Accidents and illnesses can happen unexpectedly, even during vacations. Travel insurance provides emergency medical coverage of up to P500,000 for as low as P350. Travelers may also upgrade their plans to include coverage for pre-existing conditions or high-risk activities.
Flight delays and cancellations are another concern. Policies can compensate for delays of six hours or more and reimburse non-refundable costs such as airline tickets, hotel bookings, and transfers in cases of cancellation.
Unforeseen events like severe weather or family emergencies may also force travelers to cancel or cut short a trip. Insurance can reimburse nonrefundable expenses within the plan’s limits.
Lost, damaged, or delayed luggage remains a common travel issue. Insurance can cover essentials such as clothing and toiletries or reimburse for the value of lost or stolen items like passports, cameras, and electronics.
Travelers also gain access to 24/7 global assistance, including multilingual support for medical emergencies or lost travel documents.
While some may skip insurance to save money, experts said the cost is minimal compared to the potential financial losses from cancellations or emergencies.
BDO Insure offers customizable and budget-friendly travel insurance packages sourced from leading providers. The company is offering discounts on travel insurance premiums during the BDO Travel Sale this October.
For those traveling to Europe, BDO Insure also provides Schengen Visa–compliant plans with COVID-19 coverage.
