You get travel insurance when you swipe your card, you get insurance when you join a group tour... these are all "travel insurance" we often hear. They are both called "travel insurance", but there are big differences! The main difference is of course content protection. However, we can distinguish various travel insurances from the simplest place, that is, the purchase method of these travel insurances, which include: travel insurance that comes with a credit card, travel insurance purchased by a travel agency for tourists, and travel insurance purchased by oneself. . At the same time, I will also explain to you the differences between these travel insurances, and what are the key points to pay attention to in travel insurance?

Travel insurance purchased by yourself – travel safety insurance, travel inconvenience insurance
There are 3 ways to get travel insurance:

Purchased by a travel agency for travelers
Received after swiping your credit card
Purchase the insurance yourself at the airport counter or buy it online
The coverage of travel insurance obtained through these three different purchase channels is quite different. Here we will first talk about the travel insurance purchased from the insurance company.

Travel insurance can be divided into two major types of insurance. One is "travel safety insurance", which is more commonly known as "travel safety insurance". It mainly protects personal safety, such as death or disability caused by accidents while traveling (such as loss of limbs). , blindness) or injury, all fall within the scope of compensation of Travel Insurance. The other type is "travel inconvenience insurance". For example, if your property is damaged due to flight delays, lost luggage or other reasons, you can transfer the risk by adding travel inconvenience insurance.

Protect personal safety – travel safety insurance
Protection items: accidental death and disability; recommended insurance amount: (regardless of domestic and foreign) more than 5 million
There is a saying that you can use 10-20 times your annual income to calculate your insurance coverage. However, when you have an operation and ask for a nurse, the operating fee, ward fee, and nursing fee are whatever the price is. We are not looking at your annual income, so why don’t we instead estimate the amount of insurance that can bear these risks based on the items that may require expenditures.

So why do we recommend that the insurance amount be above 5 million?

In terms of death, if you have a family, especially if you are the main breadwinner of the family, if an accident leads to your unfortunate death, your family will be immersed in the grief of losing you, but they will still have to face you. You have to face the mortgage payment, bills, child expenses, and living expenses at home. Your departure may cause a home to collapse. Now that the family has lost its source of income, having a large amount of money coming down will allow those who remain to temporarily not have to worry about their future life and can take care of their funeral affairs first. As for the amount of insurance above 5 million, how high the insurance amount is enough? Depending on each person's situation, you can estimate the mortgage loan, bills, and living expenses you currently have to bear.

Therefore, for those who already have a family, or even have children, it is recommended that they obtain travel insurance regardless of whether they are traveling at home or abroad. Travel insurance premiums are really quite cheap. On average, a three-day domestic travel premium is less than 200 yuan*. If you die in an accident, your family can still have millions in accidental death benefits to alleviate financial difficulties.

* Please refer to the final calculation results of each insurance company for actual premiums.

In the case of disability, anyone who is missing hands or feet due to an accident will need a large amount of insurance money to support his or her living and medical expenses. Just imagine what problems you would face if this really happened?

First of all, there will be an additional medical expense, and after treatment, you may need to hire another nurse, which will also be an expense. Next comes the general living expenses. Even if you lose your job, in addition to the medical expenses just mentioned, there are also daily necessities, a place to eat, a place to sleep... etc. If you don't have insurance, you have to rely on your own savings to maintain these. You may not be able to go to work next. How long can you continue to live like this without income? Therefore, having a high amount of compensation can not only help you deal with sudden large expenses, but also prevent you from becoming a burden on your family.

There is another consideration in raising the disability insurance amount to 5 million: the final claim amount of the disability insurance will be the disability insurance amount x the disability level table, that is to say, the final amount of the disability insurance will be based on Adjusted according to the degree of disability.

Let’s take different degrees of blindness as an example to illustrate the impact of multiplying the insured amount by the disability level table. Assume that the insured amount is 5 million, and the person is blind due to a car accident. The disability level of blindness is 1, and the benefit rate is 100%. If you apply for disability insurance under this situation, it will theoretically be 5 million x 100 % = claim settlement of 5 million. If a car accident only causes blindness in one eye, the disability level is 7 on the disability level table, and the benefit ratio for the 7th level disability level is 40%, so the compensation will become 5 million x 40% = 2 million.

There is a lower benefit ratio on the disability level table, but the subsequent impact of accidental injuries may not be equivalent to the level arrangement on the disability level table, so the insured amount of disability insurance is increased to at least 5 million. This is to prevent the claim amount multiplied by the disability level from becoming too low to be used.

Protection items: Accidental injury medical treatment (out-of-pocket payment); recommended insurance amount: (domestic) 100,000-300,000 (overseas) 500,000-1 million
In Taiwan, the health insurance owned by Chinese people shares many medical expenses. Therefore, when planning medical insurance in Taiwan, it is usually 100,000 to 300,000. But in foreign countries, without health insurance from other countries, medical expenses will be very high. Therefore, it is recommended to purchase insurance with an insurance amount of 500,000 to 1 million.

Protection items: Overseas sudden illness and burns and scalds; recommended amount: (overseas) 500,000-1 million
The above mentioned are all the expenses required for casualties due to "accidents". However, when we go abroad, we may also need medical resources due to "sickness". A common situation is that we go to the emergency room because of acclimatization. The medical expenses for medical treatment abroad, Without health insurance, it becomes quite expensive. If you have overseas emergency illness insurance, the claim items usually include emergency care, outpatient services, and hospitalization. Smooth settlement of claims can reduce the medical burden abroad, and you can feel free to seek medical treatment when you fall ill abroad.

* You can consider the above recommended insurance amounts by yourself, and please match the insurance amount of each insurance type according to the regulations of each insurance company.

Nowadays, many insurance companies provide online trial calculation services. You can check which additional terms are required, and the coverage items and coverage amounts can be adjusted by yourself. You can calculate your personal insurance premiums with just a few clicks, making it easy to shop around.