How To Choose A Right Travel Insurance Provider In Hong Kong

How To Choose A Right Travel Insurance Provider In Hong KongThe Hong Kong insurance market is among the most developed in Asia. As a result, a lot of the world’s best insurance companies have a presence in the country. A report released by Finaccord in 2015 titled Travel Insurance and Assistance in the Asia-Pacific Region said that Hong Kong’s travel insurance market is expected to continue recording positive growth in the future.

Types of travel insurance are available in Hong Kong

There are different travel insurance available for those planning to visit Hong Kong.

Some of them are:

  • Accidental death, injury, or dismemberment
  • Single trip travel insurance
  • Multi-trip travel insurance
  • Trip cancellation
  • Lost, stolen, or damaged baggage
  • Medical emergencies

Companies considered as the best travel insurance providers in Hong Kong

The following travel insurance providers are considered the best in Hong Kong because of the coverage and quality of service that they offer to their customers.

  • ManuFinancial China Travel
  • ManuFinancial Travel Insurance
  • Standard Chartered Travel Insurance
  • AMEX Travel Accident Insurance
  • AMEX Comprehensive Travel Insurance
  • AXA Smart Traveller
  • AIA China Assist Protection Plan

How to choose the best options in travel insurance and what are criteria

There are five basic steps one should consider when choosing the best options in travel insurance in Hong Kong.

1. The part of Hong Kong you are visiting
Despite its small size, different parts of Hong Kong have different risks. The chances of risks occurring are also affected by the particular time of the year. For instance, typhoons are very common in the coastal and are more common in May and October.

2. The number of visits in a year
Different covers depend on the number of visits you are planning to make in a year. It is cheaper to pay for an annual multi-trip cover than pay for a single trip cover for each time you visit the country within one year.

3. Activities you will be engaging in
Different people can visit Hong Kong for various activities. As a result, there are different covers for the various activities based on the risks involved. If you want to go to gamble, you need a travel insurance that will cover a loss of cash.

4. What you are carrying with you
If you plan to go to Hong Kong with valuables, you need to choose a policy that covers such things. You need to cover everything expensive you are going with from electronics to jewellery.

5. Your medical condition
When choosing the right travel insurance, you need to consider your age and medical condition. If you have any medical condition, you need to choose a policy that will cover your special medical needs. Also, there are different covers based on age.