Travelling abroad is an experience for a lifetime, whether it is to somewhere across the world or to a neighbouring country. From long flights to going through customs and immigration, waiting for your checked-in baggage, or any other steps, travellers must consider several aspects when going on a trip. One such consideration is the loss or theft of belongings in another country. Not only can such an incident result in significant financial loss, but it can also throw you in disarray, depending on what was in those bags.
From passports to foreign currency, fresh clothing to critical documents or equipment, to even essentials such as medicine, the loss of any of these can already be daunting and result in significant annoyance and financial burden, but what if this happens in another country like Thailand where you don’t know the local language, who to approach, the phone numbers of your loved ones, or even have the cash to pay for a taxi? This is where travellers can rely on Travel insurance for Thailand trip to secure their trips and deal with these risks.
What is travel insurance?
Travel insurance is a risk management system that allows travellers to secure their trip from the financial impact of covered risks in exchange for a premium. Whether it is travel-related risks or medical, travel insurance makes it possible to travel freely without worrying about their impact. If faced with these risks, it is possible to claim settlement for them up to the total sum assured depending on the specific risk and policy terms and conditions, allowing you to regain footing and face them confidently.
How does travel insurance for Thailand help travellers protect themselves from risks?
Depending on the type of risk a traveller is exposed to, travel insurance for Thailand plays several roles, from providing reimbursement or compensation for specific losses to cashless claims in case of medical treatment abroad. In some instances, insurance also compensates for the irrecoverable cost of transport and accommodation if a trip is cancelled. In addition, travellers can also gain entry at certain healthcare institutions requiring insurance or proof of ability to pay, which offers emergency cash in certain instances.
How does travel insurance help deal with the loss or theft of belongings?
Policyholders have several different benefits and offerings depending on the specific plan and insurer opted for. Niva Bupa, one of the leading travel insurers, offers two types of benefits.
- Loss of checked-in baggage- In case of a permanent loss of checked-in baggage, travellers can avail of coverage for up to $1000 from Niva Bupa.
- Financial emergency cash and loss of passport- In case of loss of belongings with travel cash, travellers can avail of coverage of up to $500. In case of loss of passport, the traveller can avail of the cost of obtaining a duplicate passport up to $300.
How to claim settlement in case of loss or theft of belongings?
When facing these risks or exposure to them, travellers should consider how to claim settlement for this loss. Depending on the specific insurer, this method significantly changes and can be handled differently.
For example, some insurers might partner with third-party administrators to deal with emergencies travellers face while in the country and offer reimbursement directly to the company. In some cases, it might be the opposite or any other combination. This is why it is essential to check the specific claim requirements, documents, and procedures when purchasing a policy.
If you wish to claim reimbursement for this loss or require emergency financial assistance, contact the insurer or the TPA, whose contact information is mentioned in the policy document, and proceed from there.
Conclusion
While travellers going on an international trip like Thailand might have a lot to experience and celebrate with friends and family, it is essential also to consider the potential impact of certain risks, which can lead to financial loss and a negative travel experience. So secure your trip with the right insurance for Thailand travel for your needs. Face these risks, whatever they might be, head-on to go on the trip with confidence and peace of mind.