An increasing number of Korean tourists are buying travel insurance for their vacations. More and more of them are finding their travel insurance policy on the official websites of insurers instead of just following travel agencies’ recommendations, too.
There are things to consider to be protected from unexpected accidents with travel insurance. For example, a tourist who inadvertently breaks a display product while shopping abroad, pays for it, and receives a receipt and a confirmation note can be reimbursed by his or her travel insurance policy, because a third party’s property was damaged by mistake. However, a tourist who has his or her camera, cash, credit card, and passport stolen cannot be fully reimbursed because cash, credit cards, and passports are not covered by a travel insurance policy, and a compensation limit is set for cameras.
Those who are injured in dangerous sports cannot be insured at all. Examples include rock climbing, scuba diving, and hang gliding. In addition, insurers usually only pay 80 to 90 percent of medical expenses for hospital visits during travel for medical assistance covered by their policy. It is recommended that a travel insurance policy be taken out a couple of days ahead of domestic travel, and a week ahead of overseas travel.