“How to plan death and disability protection?”
Generally, the travel insurance covers death and disability protection, because the money is left for dear family members, that is, for the family responsibilities shouldered. Generally, your insurance coverage is suggested to be 10 to 20 folds of your annual income, assumed based on how much you could earn for your family. For instance, for one earning NT$ 600,000 per year, his insurance coverage upon death should exceed NT$ 6 million, which is the major option.
“How to plan medical injury insurances?”
The medical expenses are relatively expensive in many foreign countries, so people might fail to afford the medical expenses incurred by some accidents which occur during their travel. So the experts suggest that when going abroad, one shall buy travel insurance, which must cover “medical treatment of accidental injuries, and the recommended insurance coverage shall exceed NT$ 500,000.
“For overseas unexpected diseases, what shall we pay attention to?”
In the field of insurance, illness and accidental injury are two different losses. In the common “medical injury insurance” is specific to accidents, but hospitalization for critical illness is not covered. If you are worried about the serious consequences of illness, you’d better purchase additional insurance, or choose the travel insurance which covers the “overseas unexpected illness”.
The key of this insurance consists in “unexpected”, which is defined as “the illness for which the insured has to receive medical treatment in an overseas medical institution to avoid harming his physical health and not treated within 180 days before the policy enters into force (90 days for some insurance companies), while the insured is not intended to travel abroad for medical treatment.” To put it simple, the insured must not travel abroad for the main purpose of medical treatment. Otherwise, their claims may be rejected. However, if you really become ill abroad and have to see a doctor, do that in a hurry if needed. Otherwise, the consequences will be serious if you miss the golden time for treatment. In this case, if you have bought any insurance for “overseas unexpected illness”, you will hurry to see a doctor without hesitation and worrying about the considerable medical expenses.
“What kind of help is offered by overseas emergency rescue?”
The premise of overseas emergency rescue is determined based on the definition of emergency. Usually, the emergency must be “a serious circumstance or disaster resulting from unexpected illness or accidental injury which urgently need external support”. Generally, the emergency rescue somewhat differs with the services defined by the insurance companies. It usually comprises of three parts as follows.
Travel and legal consultation: Including provisioning of travel inforamtion and legal consulting services
Medical consultation: Related overseas medical consultation
Emergency rescue: Emergency transfer for medical treatment, transport of the remains, advance payment of medical expenses for hospitalization, and other services which vary for different insurance companies
[Is it necessary to additionally buy the travel inconvenience insurance?”
When taking a plane, we are most afraid about airline strike, or domestic typhoon, or snowstorm in a foreign airport, which will disrupt airport flights and affect the passengers’ travel. In order not t suffer property loss or gain certain compensation when you feel so disappointed, you may consider additionally buying the travel inconvenience insurance. Inconvenience insurance is specific to all troubles such as flight delay and luggage loss met during your travel abroad. That is to say, you can spend a small amount of money to transfer such annoying losses to an insurance company, so you’d better additionally purchase this insurance in travelling abroad
“What is travel liability insurance?”
Where the insured has any of the following accidents which causes bodily injury, death or property damage of a third person in a public place in his travel during the term of the insurance, the insured is obliged to make compensation and subject to a claim, the Company shall be liable for making the compensation within the coverage:
The insured causes bodily injury, death or property damage of a third person due to his own fault.
The insured engages in leisure activities other than tournaments, competitions or acrobatic performances, during which, bodily injury, death or property damage is caused to a third person caused for his own fault.
Except for common and special exclusions, the insured shall be liable for other claims legally made and attributable to the fault of the insured.
The necessary legal defense and litigation costs incurred by the insured for the aforementioned accidents with the consent of the Company.
