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What is travel insurance? How to buy DIY insurance? How to buy an 2023 recommended travel insurance?

Insurance expert Insurance plan Online insurance What is travel insurance? How to buy DIY insurance? How to buy an 2023 recommended travel insurance?
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2023.02.10

Back to Online insurance Editor of Golden Insurance Brokers

What is travel insurance? How to buy DIY insurance? How to buy an 2023 recommended travel insurance?

What kind of insurance is the travel insurance?

We can regard travel insurance as a relatively short-term injury insurance. The key is for travel insurance, “policy start time” and “policy end time” may be determined at discretion. Generally speaking, all the insurances related to travel are often collectively referred to as “comprehensive travel insurances by the insurance practitioners, which can be divided into domestic and foreign types according to the travel location. By content, they can also be classified into two types, namely travel insurance related to personal safety, and travel inconvenience insurance connected with pecuniary and property losses.

Where can the travel insurance be bought? Channels for buying travel insurance

At present, three most common types of travel insurances with different coverage are available:


1. Travel insurance to be paid by a bank’s credit card

2. Travel insurance attached to the itinerary bought from a travel agency

3. Travel insurance sold by an insurance company


The above three insurances differ a lot

It is simple and expedient to buy travel insurances online, with many benefits!

Recommendation of 2023 DIY travel insurances

Although the travel insurance may be purchased through multiple channels, independent online purchase of insurance is absolutely cost-effective and expedient in case of its advantages, with the following benefits:


2. Related management and selling expenses are cut to repay consumers, so the premium is generally lower

4. It is necessary for the parties concerned to sign the policy in turn, so you needn’t wait too long for underwriting


Are the procedures for buying an insurance online complicated? Take GOGOBO for example


At present, people attach great importance to rapid insurance purchase. The procedures for buying insurances on GOGOBO are fairly simple. Generally, only 6 steps are required.


Step 2, estimate the premium

Step 4: Fill in the insurance data

Step 6: Online payment by a card (transactions are directly concluded as per the current security mechanism established between the insurance company and the card issuing bank. No information on the account is saved on the platform)

What does the travel insurances mainly cover? How to choose the coverage? Are there any key items that are noteworthy?

“How to plan death and disability protection?”

Generally, the travel insurance covers death and disability protection, because the money is left for dear family members, that is, for the family responsibilities shouldered. Generally, your insurance coverage is suggested to be 10 to 20 folds of your annual income, assumed based on how much you could earn for your family. For instance, for one earning NT$ 600,000 per year, his insurance coverage upon death should exceed NT$ 6 million, which is the major option.


“How to plan medical injury insurances?”

The medical expenses are relatively expensive in many foreign countries, so people might fail to afford the medical expenses incurred by some accidents which occur during their travel. So the experts suggest that when going abroad, one shall buy travel insurance, which must cover “medical treatment of accidental injuries, and the recommended insurance coverage shall exceed NT$ 500,000.


“For overseas unexpected diseases, what shall we pay attention to?”

In the field of insurance, illness and accidental injury are two different losses. In the common “medical injury insurance” is specific to accidents, but hospitalization for critical illness is not covered. If you are worried about the serious consequences of illness, you’d better purchase additional insurance, or choose the travel insurance which covers the “overseas unexpected illness”.


The key of this insurance consists in “unexpected”, which is defined as “the illness for which the insured has to receive medical treatment in an overseas medical institution to avoid harming his physical health and not treated within 180 days before the policy enters into force (90 days for some insurance companies), while the insured is not intended to travel abroad for medical treatment.” To put it simple, the insured must not travel abroad for the main purpose of medical treatment. Otherwise, their claims may be rejected. However, if you really become ill abroad and have to see a doctor, do that in a hurry if needed. Otherwise, the consequences will be serious if you miss the golden time for treatment. In this case, if you have bought any insurance for “overseas unexpected illness”, you will hurry to see a doctor without hesitation and worrying about the considerable medical expenses.


“What kind of help is offered by overseas emergency rescue?”

The premise of overseas emergency rescue is determined based on the definition of emergency. Usually, the emergency must be “a serious circumstance or disaster resulting from unexpected illness or accidental injury which urgently need external support”. Generally, the emergency rescue somewhat differs with the services defined by the insurance companies. It usually comprises of three parts as follows.

Travel and legal consultation: Including provisioning of travel inforamtion and legal consulting services

Medical consultation: Related overseas medical consultation

Emergency rescue: Emergency transfer for medical treatment, transport of the remains, advance payment of medical expenses for hospitalization, and other services which vary for different insurance companies


[Is it necessary to additionally buy the travel inconvenience insurance?”

When taking a plane, we are most afraid about airline strike, or domestic typhoon, or snowstorm in a foreign airport, which will disrupt airport flights and affect the passengers’ travel. In order not t suffer property loss or gain certain compensation when you feel so disappointed, you may consider additionally buying the travel inconvenience insurance. Inconvenience insurance is specific to all troubles such as flight delay and luggage loss met during your travel abroad. That is to say, you can spend a small amount of money to transfer such annoying losses to an insurance company, so you’d better additionally purchase this insurance in travelling abroad


“What is travel liability insurance?”

Where the insured has any of the following accidents which causes bodily injury, death or property damage of a third person in a public place in his travel during the term of the insurance, the insured is obliged to make compensation and subject to a claim, the Company shall be liable for making the compensation within the coverage:

The insured causes bodily injury, death or property damage of a third person due to his own fault.

The insured engages in leisure activities other than tournaments, competitions or acrobatic performances, during which, bodily injury, death or property damage is caused to a third person caused for his own fault.

Except for common and special exclusions, the insured shall be liable for other claims legally made and attributable to the fault of the insured.

The necessary legal defense and litigation costs incurred by the insured for the aforementioned accidents with the consent of the Company.

Website contents on popular travel insurances for reference

Having introduced so much, it is better to directly let you watch the actual content about travel insurances This links the popular proposals on GOGOBO The proposals are listed as recommendations for you. You can refer to these proposals so that you will better understand the coverage.

Statement of privacy policy of Golden Insurance Brokers

Golden Insurance Brokers Co., Ltd. (hereinafter referred to as “the Company”) attaches great importance to the customers’ privacy and keeps their personal data well.In respect of your personal data, the Company will comply with this privacy policy for collecting, processing and utilizing your personal data, unless otherwise specified by laws or competent authorities.In order that you could use all services of the Company, the Company’s privacy policy, protection of and great concern about your personal data are hereby stated.

I. Collection, processing and utilization of personal data:

(I) The Company collects your personal data (including but not limited to your name, date of birth, address, phone number and email address) for specific legal purposes such as embarking on insurance brokerage and with legal reasons.

(II) In collecting personal data, the Company shall note whether excess infringement will be inflicted upon the privacy of the parties concerned. The personal data will be collected only when necessary, because the businesses cannot be collected without collecting such personal data.

(III) The Company shall clearly inform the parties concerned about who and how the persons will utilized their personal data.

(IV) The Company will collect, process and utilize your personal data for the specific purposes mentioned in this privacy policy, adopt stringent controls, and comply with pertinent rules, including the Personal Information Protection Law.

II. Security and Protection of Personal Data

The Company has been certified by ISO 27001 (ISMS) in terms of information security management and BS 10012 in respect of personal data protection management. We will adopt appropriate security measures according to requirements, to protect unauthorized data access, alteration, disclosure or destruction. Besides, your personal data will be encrypted for transmission, with the support of the firewall, intrusion detection system and our anti-virus mechanism, to prevent illegal intrusion and destruction by malicious software, and to protect security of your personal information.

III. Application Scope of Personal Data:

(I) Your personal data will be processed and utilized during the legal existence of the aforementioned purposes of collectionAnd the company may provide your personal data to:

Insurance companies in connection with your insurance contract

Corporate Body Financial Consumer Review Centre

Legal authorities of the Company.

Any other organ that has access to your personal information in accordance with the law.

(II) If our business needs to entrust a third party, we will strictly require the entrusted third party to comply with the relevant laws and regulations and the agreement on confidentiality of personal information.

(III) Except for the use within the scope of the aforementioned use, the instructions of the law, judicial or competent authorities or with your consent, the company will not provide, exchange or sell your personal information to other individuals, legal persons or transfer it for other purposes.

(IV) When we share your personal data with third-party financial institutions, we will implement internal control measures in accordance with the "Guidelines on Data Sharing among Financial Institutions" and other relevant laws and regulations to ensure that your data is completely protected.

IV. Exercise of Rights of Parties:

If you need to exercise the following rights in relation to your personal data, in addition to contacting your service personnel to apply in writing, you can also inquire through the toll-free customer service line (0800-077-090).

Inquire or read.

Make a copy.

Make additions or corrections.

Stop collection, processing or use.

Delete.

V. Cookies and Other Technologies

(I) Cookies are short pieces of information that are written to the user's hard drive by the browser in order to distinguish the user's different preferences on the server side. Although cookies can identify the user's computer, they cannot identify the user's identity.You can modify your acceptance of cookies by selecting the option in your browser. If you choose to reject all cookies, you may not be able to use some of the personalised services normally.

(II) In order to provide you with more personalised services, Cookies will be created when you register or log in to record your activities on the Company's website. Once you close the webpage, the Cookies will lose their effect.

(III) If you want to delete your personal information or sensitive data (member account, login password) on the website, please leave a message on the website or refer to the aforementioned statement in Article IV.

VI. Third Party Websites and Services

(I) The Company's website and services may contain links to third party websites, products or services.The aforementioned third-party websites, products or services may collect your personal data, and the collection, processing, utilisation and protection of the privacy rights of such third parties shall, in principle, be governed by their privacy policies.You can learn about the privacy policy of the relevant third party.

(II) Other websites linked to the Company's website may also collect your personal information.For the personal information you voluntarily provide, these linked sites have their own individual privacy policy, so their data processing measures do not apply to the company's privacy policy, the company can not be held jointly and severally liable.

VII. Self-protection Measures

Please properly manage your password and or any personal data, avoid providing personal data arbitrarily to any person or other organisations that have nothing to do with you, and it is recommended to change your password regularly.After you finish using the services of this website, please be sure to log out and close the browser window to prevent others from reading your personal information.

VIII. Revision of this Policy

In response to the requirements of the competent authorities, changes in relevant laws and regulations, technological advances and other changes in circumstances, we will revise this policy statement from time to time in accordance with the needs and publish it on our website (https://www.goldennet.com.tw), which you can access at any time to protect your rights and interests.

IX. If the company fails to comply with the above privacy protection principles, or fails to comply with the measures promised in this statement, the company shall be responsible for its own legal liability and accept the supervision of the competent authorities.

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