Travel Insurance Myths | Allianz Travel

Busting the myths surrounding travel insurance

Travel insurance is a topic that is frequently fraught with misunderstandings. Many people underestimate its significance or hold on to misguided beliefs that can put them at risk during their travels. 

This blog aims to debunk travel insurance myths and shed light on common misconceptions that travellers should be aware of.

Travel insurance is a specialised insurance designed to protect travellers from financial losses and assist them in unexpected situations during their trips. It acts as a safety net, offering coverage for various potential risks that can arise while travelling.

Consider travel insurance as your shield, safeguarding you against unforeseen events that could disrupt your trip and cost you significant money. It covers various situations, such as trip cancellations, medical emergencies, lost baggage, and travel delays. 

When you have travel insurance from a trusted provider like Allianz Travel, you can travel confidently, knowing that you have a safety net to fall back on if things don't go as planned.

Contrary to popular belief, while it does provide essential coverage for medical emergencies during trips, travel insurance also offers a range of other benefits. Travel insurance encompasses various aspects like trip cancellation or interruption protection, ensuring you have financial support for unforeseen events that might affect your travel plans. Additionally, it may cover baggage loss, COVID-19 quarantine expenses, travel delays, and other travel-related incidents, making it a valuable investment for a worry-free journey.

The misconception that travel insurance is exclusively for frequent travellers is completely untrue. Travel insurance is essential for all travellers, regardless of how often they embark. Whether you travel occasionally or only once in a while, having travel insurance is crucial to protect yourself against unexpected events and potential financial losses. 

Travel insurance provides coverage for various situations regardless of the frequency of your travels. Don't be misled by the myth - travel insurance is for every traveller, no matter how often they journey.

It's the opposite; certain high-risk activities, such as skydiving, scuba diving, or bungee jumping, are often not covered by standard travel insurance policies. If you intend to participate in adventure sports during your trip, you should purchase a separate policy that specifically covers those activities.

Allianz Travel, for example, provides Hazardous Activities Cover, which covers a wide range of adventurous activities. It is essential to check with your insurance provider to ensure that you have adequate coverage for any high-risk activities you intend to participate in while travelling.

If you have a pre-existing condition, it's important to know that travel insurance might not provide coverage if that condition interferes with your trip. Many policies explicitly exclude coverage for pre-existing conditions or travel that goes against the advice of a physician.

It's crucial to understand that the definition of a pre-existing condition can be broad. For instance, let's say you have a pre-existing asthma condition, and during your trip to the Great Wall of China, you encounter a severe asthma attack that requires medical attention. Since asthma is considered a pre-existing condition, your travel insurance claim for the medical expenses related to the asthma attack could be denied based on the policy's pre-existing condition exclusion.

To ensure you have the appropriate coverage, carefully review the terms and conditions of your travel insurance policy, especially regarding pre-existing conditions.

Many people believe that having a credit card means they automatically have travel insurance coverage. However, it's essential to recognise that not all credit cards provide comprehensive travel insurance benefits. While some premium credit cards might offer certain travel-related perks, they often come with limitations and exclusions. 

It's crucial to thoroughly review the terms and conditions of your credit card's potential travel insurance to understand what is covered and what isn't. In many cases, the coverage might be limited to specific aspects, such as trip cancellation or car rental insurance. You may not even need some or all of the benefits it offers, making it irrelevant to your needs.

For comprehensive protection during your travels, it's advisable to consider purchasing dedicated travel insurance from a reputable provider like Allianz Travel, which suits your specific needs and provides a more extensive range of benefits.

Allianz offers comprehensive travel insurance plans that cater to various needs and budgets. With a solid reputation in the insurance industry, Allianz provides reliable coverage and excellent customer service.

The packages you can choose from include the following: 

Annual multi-trip insurance 

Annual Multi-Trip travel insurance is the best option for frequent travellers. These plans cover multiple trips over the year, lasting less than 90 days. Rather than purchasing insurance for each trip, purchasing an annual policy ensures comprehensive travel coverage. 

You save time and effort by purchasing an annual travel insurance policy because you won't have to arrange insurance before each trip. This Annual Multi-Trip plan provides peace of mind and financial protection for all your travel adventures throughout the year.

Global travel insurance

This Global Travel Insurance product has been designed to provide comprehensive coverage while travelling internationally. It protects you, your family, your belongings, and much more during your journey, protecting you from accidents, illnesses, and travel inconveniences. The Single trip travel insurance option is valid for trips of up to 90 days in length, providing coverage for any journey within that time frame. 

This Global insurance product is Schengen visa-compliant and includes extra coverage for trip cancellation, delayed personal belongings, and missed departure, among other things. This single-trip travel insurance covers you in Europe and globally ( Terms and Conditions apply).

Schengen travel insurance

This Schengen travel insurance is the essential cover for a trip to a Schengen area. It provides the mandatory insurance certificate required for Schengen visa applications. With up to US$ 50,000 in emergency medical expenses, this Schengen travel insurance ensures complete peace of mind in case of accidents, sickness, illness, or injury. 

Unlike other Schengen Travel Insurance options, it also includes up to US$ 300 in coverage for lost or stolen Travel Documents, as well as US$ 5,000 in case of a personal accident. By opting for this travel insurance, you can confidently embark on your journey, knowing you have comprehensive protection and support throughout your trip.

Allianz Travel is a comprehensive travel insurance and assistance company providing end-to-end insurance solutions to travellers who enjoy globe-trotting. Allianz Travel has experience spanning over 30 years, offering outstanding services and products to tourists from around the globe. Allianz Travel’s global headquarters are in Paris, with regional offices in more than 28 countries.

Ready to put this travel insurance knowledge to good use? Secure your travel insurance with Allianz Travel today. 

Contact our team of experts today to learn more about our products and services.