Travelling in a group is very common these days because it adds to the fun and list of activities one can do during vacations. But one of the challenges of travelling in a group is looking after each other who’s onboard to ensure a safe and sound trip. This is when group travel insurance comes into play.
Though it may sound less common insurers do offer policies for those travelling in packs but choosing the right policy can be tricky. Hence, we’ve put together some key factors you should consider when purchasing group travel insurance.
1. Who is in the group?
First, determine who’s in the group and how long you’ll be travelling. Consider the age, health, travel experience and trip details when doing so.
- Ages and health: Consider the age range and any pre-existing medical conditions within the group. Some policies may have age restrictions or exclude pre-existing conditions, impacting eligibility or premium costs.
- Travel experience: Are you a seasoned traveller or a group of first-timers? Experienced travelers might prioritize specific coverage like adventure activities, while first-timers might benefit from broader trip cancellation and medical coverage.
- Trip details: Where are you going, for how long, and what activities are planned? The destination, duration, and planned activities will influence the type and amount of coverage needed.
2. What type of coverage is needed?
You may need more than one type of coverage because there may be special needs for those you’re travelling with, so remember to check for these with your travel buddies.
- Trip cancellation and interruption: This covers non-refundable expenses if the trip is cancelled or interrupted due to unforeseen circumstances. Consider potential cancellation reasons relevant to your group (e.g., illness, natural disaster).
- Emergency medical and evacuation: This covers medical expenses and emergency transportation if someone falls ill or gets injured abroad. Consider the healthcare system and accessibility in your destination country.
- Baggage and personal belongings: This covers loss, damage, or theft of luggage and personal items. Consider the value of your belongings and the airline’s baggage policy.
- Additional coverage: Some policies offer optional add-ons like trip delay, cancellation for any reason, missed connections, or liability coverage insurance. Evaluate if these are relevant to your group’s needs and budget.
3. Cost and value
Consider the cost and value of the flight insurance that you’re booking and make sure everyone is okay with it. Choose a policy that offers optimum coverage for the best price.
- Group discounts: Many insurers offer discounts for group purchases, making it potentially more affordable than individual policies. However, compare the total cost and coverage of both options to ensure the best value.
- Policy terms and conditions: Carefully read the policy wording, including exclusions, limitations, and deductibles. Understand what is and isn’t covered before purchasing.
4. What else to consider?
- Get quotes from multiple insurers – Compare coverage options and premiums before making a decision.
- Communicate with your group – Ensure everyone understands the chosen policy and its limitations.
- Read the policy document thoroughly – This will help you understand your coverage and avoid any surprises.
- Purchase insurance early – This can help lock in lower rates and ensure coverage for pre-existing conditions.
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Get your free insurance quote from Bjak today!
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