Insurance Agency Singapore | Commercial Insurance and Personal Insurance

  • Products
    • Commercial Insurance
      • Work Injury Compensation
      • Public Liability
      • Foreign Worker Medical
      • Foreign Worker Bond
      • Fire/Burglary Insurance
    • Personal Insurance
      • Motor Insurance
      • Travel Insurance
      • Home Insurance
      • Personal Accident
      • Domestic Maid Insurance
  • Support
  • Contact Us
  • Blog
  • About Us

How to avoid travel accidents

22 April 2016 By Alex Tan Leave a Comment

image

Image via Flickr user Jens Schott Knudsen

Travellers might spend a lot on immunisations but the truth is that the biggest holiday health risks are not vaccine-preventable. The vast majority of fatalities are caused either by illnesses that would have killed anyway and trauma – accidents, falls, violence. Below is a list of travel’s most deadly, and how you can decrease the risk.

1. Roads

Road traffic accidents such as car collisions and vehicles hitting pedestrians and cyclists are the biggest cause of death of otherwise healthy travellers. The risk is especially high in resource-poor destinations where 90% of fatalities on the road happen in low- or middle-income countries. Vehicles in such places may not have seat belts, and lights and brakes may not work.

Get yourself familiarise with the traffic laws there and look out for vehicles before crossing the road. Always wear your safely belt if there is one. Avoid travelling at night when it is dark.

2. Pools

Most people will assume they need to be more cautious when wild swimming however it is known that pools are more dangerous as the drowning risk is more than 12 times higher in a swimming pool than in open water; children under seven are most vulnerable. Rules are strict in the UK but, even at popular overseas holiday destinations, there may not be lifeguards.

It is important to know your limits or get in the depth of your ability range, look out for warning signs. Stay sober, to prevent yourself getting plunge into the water and suffer hypothermia quicker.

3. Accommodation

There are a surprising number of injuries, and even deaths, connected with travellers’ accommodation. Hotels lacking smoke alarms or sprinkler systems, and poorly- vented heating devices emitting carbon monoxide are risks. Wild camping in remote spots can be dangerous if you don’t know the local terrain.

Always check for the fire escape route, and think about what kind of hotel you have choose. Keep a torch with you especially when you are in a destination where there are frequent power cut. And always remember, never smoke in bed. When it comes to camping, try not to light a stove in the entrance while you are inside.

4. Mountains

Mountains are dangerous places despite the changeable weather, thin air and sheer drops. Most people died from falling off cliff paths and one common cause of which is being pushed over by passing yaks, mules or even goats. Some even died from altitude sickness, something travellers climbing over 3,000m need to be very aware of.

It is crucial that trek-leaders be gently reminded to follow sensible safety precautions. Always check the weather there, and prepare all the equipment needed for safely precautions. Do not overlook this.

5. Diving

Scuba-diving has a reputation for being dangerous, but under proper conditions with safe equipment the risks may be low but higher at some destinations: medical examinations, or even ability to swim, are not always mandatory when hiring scuba equipment.

6. Extreme adventures

Rafting, bungee jumping, jetboating etc. The list of possible extreme sports you can try overseas is long and terrifying. Few travellers die but there are fatalities even in experienced ventures; it can be instructive to Google the possible injuries and likelihood of death before signing up. The list for bungee-jumping, for example, is especially impressive.

By Dr Jane Wilson Howarth

See full story on Wanderlust

Filed Under: Happenings Tagged With: Trave Insurance, travel accidents

Should you buy Travel Insurance?

21 April 2016 By Alex Tan Leave a Comment

image

Image via Flickr user Heneghan

 

I have never bought travel insurance in my life because instinct has always told me that it’s a bad deal. I rarely pay for hotel rooms, tours or rental cars in advance. I don’t pack designer clothing in my checked luggage. I’m generally healthy, and I have medical insurance that covers me abroad.

But instinct is a poor way to make decisions about insurance. So with a three-week trip to Asia approaching, I finally decided to figure out whether I should be traveling with insurance, and, in general, when it is smart to have it and when is it unnecessary.

Travelers tend to buy insurance if they are more at risk or more likely than the average policyholder to make a claim. In economics that’s called “adverse selection” — but it’s adverse only for the insurance companies. For consumers, it’s just smart. Imagine two people looking at a $100 insurance policy for a two-week trip: one is a 65-year-old heading to India, where he plans to rent a scooter, eat street food and sleep in already-reserved five-star hotels every night. The other is a 30-year-old going to London, planning to crash at a friend’s apartment and buy discount theatre tickets every night. It’s pretty clear who should buy insurance.

Generally, travel insurance is sold in packages, combining various categories of coverage. Go through them all, determining what you need and what you don’t, either because you’re not at risk or you’re already covered. If a package doesn’t seem worth it, more customized policies offer certain options. But you may not end up saving that much.

Medical

If you have regular health insurance which doesn’t cover you while abroad, you need some when you travel. Medicare participants and citizens of countries covered by national health services generally fall into this category. Others should check on the specifics of their policies.

Emergency Evacuation

This one is simple: without coverage, if I have to be medically evacuated home from a distant land, I’m out something like $30,000. So it comes down to how likely the scenario is. Headed to a particularly isolated region? Climbing mountains or fording rivers? Then having evacuation coverage as part of a package or separately is a good idea.

Travel Protection

This kind of insurance offers reimbursement (sometimes partial) for prepaid reservations if your trip is cancelled, interrupted or delayed. I rarely spend much on a trip before I leave beyond the plane ticket (always coach) and maybe the first night in a hotel (always cheap). But for others, with expensive seats and long prepaid reservations, it might make sense.

Also worth noting: some credit cards will provide similar coverage.

Baggage Protection

It’s worth it to determine the value of what’s inside your baggage and do the math.

Of course, whether you get reimbursed is partly up to you. A World Nomads customer service representative gave this example: if you leave your cell phone in your bathing suit and go into the water, it’s not covered.

Accidental Death and Dismemberment

I’ve never understood this one. If you need life insurance, wouldn’t you want it for the whole year, not just when you’re traveling? And if you lose a limb, will a few grand — what World Nomads offers — really help? (Note that life insurance companies will ask about your travel habits; so be sure you’re honest when you apply — and if you already have coverage, be sure it covers the countries you’re visiting.)

So Is It Worth It?

Though my initial instinct to avoid package insurance had been (coincidentally) right, the process was valuable anyway: I now know a lot more about my medical coverage and credit card perks. Everyone should make similar calculations.

By Seth Kugel

See full story on New York Times Blog

Filed Under: Happenings Tagged With: buying travel insurance, Trave Insurance

The Importance of Travel Insurance Abroad

20 April 2016 By Alex Tan Leave a Comment

image

Image via Flickr user Astrid Westvang

Don’t Leave Home without It

Several years ago, I went to visit some friends in the U.S. in the Cascade Mountains of Washington. On arrival, I realized that I had forgotten to buy travel insurance. Feeling young, fit, and reckless, I decided that it would not matter as the trip was only to be two weeks long. What could possibly go wrong in such a short space of time? As if to tempt fate, I decided to join my friends snowboarding for a day. I was slightly more nervous given the knowledge that I had no insurance, but my friends persuaded me little could go wrong since I was a beginner and wouldn’t be moving fast enough to have an accident. Unfortunately, due to some bad amateur coaching, I ended up being taken off of the slopes on a stretcher and in a daze, with no memory of the day, date or year for that matter. When the safety workers were about to put a neck brace on me and take me to hospital, I admitted that I had no insurance and preferred it if they left me to get better by myself. I did, luckily. But I have never travelled without insurance since then.

Who Needs Travel Insurance?

Majority of world travellers tend to be quite young, and some are reckless. Youngers always have the idea that youth is on their side, and ignore that travel insurance are not needed. The idea of paying what seems like a large sum of money, and most often will never be use can seem to be ridiculous for a young traveller. However, accident or illness could happen and usually happen in a foreign country. Regardless of age, if you do not have any form of travel insurance, your life could be in danger and in terms of the financial damage on medical costs.

Your insurance policy should offer at least US$2,000,000 in medical expenses in case the very worst happens, preferably more if possible. It should also offer 24-hour emergency service and repatriation in case you need to be flown home.

How Much Insurance Should You Take Out?

Once you have decided to buy travel insurance, your next decision is whether to try and save money by not including your cash and belongings covered under the insurance plan. By deleting this coverage, it will bring down your premium slightly. However, if you have new camera equipment etc. you may pay the extra few dollars and have these things covered too.

On the other hand, don’t pay out too much for a premium if you aren’t going to make the most of it. Travel insurance for people doing winter sports often doubles because of the associated risks, so it makes a huge dent in your wallet. However, unless you plan to be on the slopes every single day of you trip, it’s worth considering other options. There is daily travel insurance, and some covers for single trip travel as well.

What Should The Insurance Plan Cover?

Some final factors to consider before buying travel insurance include checking to see that the policy covers you for what you will be doing. Aside from winter sports, there are other sports that require a higher premium.

And an important point for many will be whether you will be covered for manual labour. Many of us take part in various forms of manual labour when working or volunteering abroad and some companies don’t cover this. If you are in any doubt, contact the insurance company and ask them before you buy your policy. 

Don’t Forget to Read the SMALL PRINT!

Once you have bought your insurance, ALWAYS READ THE SMALL PRINT, no matter how tedious this job might be. If you know what to do in terms of your insurance company in case of an emergency, it could make a difference between making a valid claim or not. 

Important Things to Remember That Could Make All the Difference

Now, you have your insurance policy that covers you for everything that you need, and you have arrived at your destination. As much as you should have fun on your trip, don’t assume that just because you do have travel insurance, it makes you invulnerable or able to take excessive risks.

Any accidents caused by alcohol or drug abuse, no matter how small, will completely invalidate your claim so BE VERY CAREFUL. Alcohol and drug abuse in an unknown country is usually a very bad idea anyway as you are less aware of local risks, more vulnerable to attack, and penalties can be much higher than at home. 

One final thing to remember is that once you have stepped onto that flight your chances of buying travel insurance for that particular trip are greatly diminished. Most insurers will only cover you if you buy the insurance before you leave. Some will provide insurance once you have already left but these are quite difficult to find. 

And finally, don’t forget to take your insurance details with you wherever you go, otherwise they are useless! And where possible, make photocopies and leave them with a friend or family back home in case your gets stolen. 

By Caroline Nye

See full story on Transitionsaboard

Filed Under: Happenings Tagged With: things to know about buying insurance, Trave Insurance, travel and insurance

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Categories

  • Domestic Maids
  • Golf
  • Happenings
  • Health
  • Homepage
  • Industry
  • Interesting Stuff
  • Products
  • Tips
  • Uncategorized

Contact Us

  • 1 Soon Lee Street #02-43, Pioneer Center, Singapore 627605
  • Tel: 68978226
  • Fax 68978086
  • Business Hours:
  • Mon – Fri: 8am – 6pm

Our Location

At the west side of Singapore, our office sits on the second floor of the building.

1 Soon Lee Street
#02-43, Pioneer Center
Singapore 627605

Our Products

  • Fire/Burglary Insurance
  • Foreign Worker Bond
  • Foreign Worker Medical
  • Public Liability
  • Work Injury Compensation
  • Domestic Maid Insurance
  • Home Insurance
  • Motor Insurance
  • Personal Accident
  • Travel Insurance

Find Out More

We would love to hear your insurance needs. Tell us all about it by filling up our contact form.

If not, give us a call at +65 6897 8226
or email us at enquiry@credence.agency

Copyright © 2026 | Credence Agency