Last Updated on September 19, 2023 by Umer Malik
Travel insurance (and most kinds of insurance) can be quite expensive, especially if you go for more coverage than usual. Even if you’re planning for a short trip and don’t plan on allocating much money for travel insurance, you could try to find a travel insurance promotion to make things easier on your wallet.
MoneySmart has partnered up with some of the most reputable insurance companies in Hong Kong, allowing it to provide users with some of the most effective insurance plans you will be able to find, whether you’re looking for a single-journey plan, an annual plan, or any other thing.
The following article will cover some of the things you must keep in mind when comparing different offers for travel insurance promotions in Hong Kong.
Table of Contents
Do You Need Travel Insurance?
In essence, the answer to this question will always be “Yes.” Travel insurance can cover several things regarding your trip and safety, including:
- Missing or lost luggage
- Flight delays or cancellations
- Hotel re-bookings
- Medical treatments, evacuations, or repatriations
- Travel agency busts
- Credit card fraud
Now, considering that most insurance plans can be pricey, you may be eager to choose the most affordable one. While a “cheap” insurance plan could help you, it may not always be the best option. In essence, you should go for an insurance policy that covers most of the factors mentioned above.
If you’re not looking for that much coverage, you should at least go for a plan that covers lost baggage, cancelled or delayed flights, medical coverage, and Covid-19 coverage.
In the end, if you get travel insurance, you’re protected in any unforeseen scenarios.
What Are the Benefits of Looking for a Travel Insurance Promotion?
The most important benefit you will get from looking at travel insurance promotions is that you will save money. Depending on the company and the plan you choose, you could save from 15% up to 35% or more in your total premium. It may not look like much, but when you factor in all the expenses the plan could cover, you will notice how great those promotions are.
While we don’t encourage people to go for affordable insurance plans all the time, we’re not saying to go for the most expensive ones either, but you to go for the one that fits your budget and needs.
Now, there are many promotions you will be able to find online, especially on the MoneySmart website. We have over 15 travel insurances for you to review.
Do Travel Insurance Policies Offer Covid-19 Coverage?
Yes! Although not all insurance companies offer Covid-19 coverage, many of them do. If you’re going to travel, it is highly recommended that you to go for a policy that offers this type of coverage to avoid any bad experiences during your trip.
There are many Covid-19 expenses you can encounter while you’re overseas, so it’s better to be safe than sorry.
How Can You Use MoneySmart to Find the Right Travel Insurance Promotion?
MoneySmart uses a smart platform that allows you to filter all your options. First, you have a menu where you can choose your destination, trip duration, trip type, and the number of adults and children. Once you fill out that information, the platform will give you a selection of plans that will work for you.
Moreover, you can filter your results according to coverage and insurers.
We know that travel insurance can be costly for some people, especially considering that they’re already spending considerable money on the trip itself. However, there’s nothing that will give you more peace than having a great insurance plan at your disposal in case something goes wrong.
The team at MoneySmart is committed to helping people in Hong Kong find the right promotions in travel insurance so that they can find the best deals on the market. If you’re planning on travelling soon and are looking for the best prices in travel insurance, make sure to take a look at what MoneySmart has to offer.