Zero-Rated Travel Insurance: Why It’s a Must-Have for Savvy Travelers
Traveling is an exciting experience that offers an opportunity to learn, explore, and create memories. However, it’s not without risks. Accidents, illnesses, missed flights, lost passports, theft, and other unexpected events can disrupt even the best-laid plans. That’s why it’s crucial to have travel insurance to protect yourself and your belongings. But not all travel insurance policies are created equal. In this article, we will explore why zero-rated travel insurance is a must-have for savvy travelers.
What is Zero-Rated Travel Insurance?
Zero-rated travel insurance is a type of policy that provides coverage without charging any tax. It’s different from the standard travel insurance, which includes Goods and Services Tax (GST) or Value-Added Tax (VAT) in the premium. Zero-rated travel insurance is available in countries that have a Value-Added Tax system, such as Europe, Asia, Australia, and New Zealand.
Why Zero-Rated Travel Insurance is Important?
Zero-rated travel insurance is important because it saves you money. Since it doesn’t include any tax, the premium is lower than that of standard travel insurance. For example, if your standard travel insurance costs $100, the zero-rated travel insurance might only cost $80. You can save up to 20% on the premium, which can make a significant difference, especially if you’re traveling with a group or for a long time.
Moreover, zero-rated travel insurance provides the same coverage as the standard travel insurance. It includes medical expenses, emergency evacuation, trip interruption or cancellation, and baggage loss or delay. You can also add additional coverage, such as adventure activities, sports, or rental car excess.
Zero-rated travel insurance also offers flexibility. You can purchase it for a single trip, multiple trips, or annual coverage. You can customize the coverage to suit your needs and budget. You can also choose between basic, mid-level, or comprehensive coverage, depending on the level of protection you require.
Examples of Zero-Rated Travel Insurance
Let’s take a look at some examples of zero-rated travel insurance policies.
1. Columbus Direct: Zero-rated travel insurance for EU residents, with coverage for medical expenses, personal accident, trip cancellation, and baggage loss.
2. AIG: Zero-rated travel insurance for Asia-Pacific residents, with coverage for medical expenses, emergency medical evacuation, trip cancellation, and baggage loss.
3. Southern Cross: Zero-rated travel insurance for New Zealand residents, with coverage for medical expenses, emergency evacuation, trip cancellation, and baggage loss.
Conclusion
Zero-rated travel insurance is a must-have for savvy travelers because it provides the same coverage as standard travel insurance at a lower premium. It saves you money and offers flexibility and customization. It’s available in countries with a Value-Added Tax system, such as Europe, Asia, Australia, and New Zealand. Examples include Columbus Direct, AIG, and Southern Cross. Don’t take any chances when you travel. Get zero-rated travel insurance and enjoy your trip with peace of mind.
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