Common Travel Insurance Misconceptions

Travel insurance is pretty awesome. For a small cost, you can insure against the worst happening on your trip – so you get to relax and enjoy the good stuff. But, there are many misconceptions and myths surrounding travel insurance. To make sure you get the right cover – and stay protected as you travel – we’re going to debunk some of the most common ones.

Myth 1: You only need travel insurance to cover big trips overseas

There can be so much planning that goes into overseas travel. You need to research the best places to go, you have to find and compare flights and accommodation, and you need to do a whole heap of other organising to make sure everything goes according to plan. It only makes sense that you want to protect it all with travel insurance.

Apart from the core coverage like loss of baggage and money, baggage delays and loss of travel documents, the coverage could extend to rental vehicle excess, terrorism and travel inconveniences like postponement of journey to name a few.

Myth 2: Your trip is completely covered by your credit card travel insurance

Credit card companies often offer travel insurance to customers who book travel with their card.While this can be handy, the travel insurance on offer is not always as extensive as many customers think, leaving them unknowingly uninsured when they travel.

Before you rely on your credit card insurance, be sure to read the fine print carefully to make absolutely sure it gives you the full cover you need – and that your trip is completely protected. Compare it to other travel insurance policies on offer and you may find that taking out a standard policy is a much wiser idea. Consider the different policies that Chubb Insurance Hong Kong Limited offers to its consumers with up to 32 benefits for individual, family and group travels.

Myth 3: Choosing the cheapest travel insurance is not a good idea

We all compare travel insurance policies before we buy – but, should you cross a policy off your list just because it’s cheap? No! Cheap travel insurance can provide all the cover you need. Just because it costs less, does not mean it won’t work! Just make sure to read the policy’s small print to take note of what is covered by the insurance policy before going on your trip. To set your mind at ease, you may also want to do a little background research by checking online for reviews on the insurance provider.

Myth 4: You don’t really need to declare pre-existing conditions

If you have a pre-existing condition, you don’t really have to tell your insurer beforehand, do you? Yes, that’s right because in general, all pre-existing conditions will be excluded from the policy.


This content is brought to you by [Chubb Insurance Hong Kong Limited] (“Chubb”). This content has been prepared by Chubb as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Chubb has used reasonable efforts in collecting, preparing and providing this content, but makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content or of the information linked to this web site. Readers relying on any content do so at their own risk.