Is Travel Insurance in Malawi Expensive for Foreign Tourists?

Malawi is one of the safest countries in Africa though it is said to be among the least undeveloped countries. The country has nine national parks and wildlife reserves, including many attractive and accessible forest reserves. No wonder many tourists visit the country as they provide an excellent experience for tourists. 

One of Malawi’s most famous natural attractions is Lake Malawi. This lake is home to some of the world’s rarest species of tropical fish, as well as many varieties of eagle and kingfisher. While Malawi is considered one of the safest countries in the world, it is still advised to exercise a high degree of caution. 

Traveling abroad is an exciting experience, but unpredictable illnesses or accidents can happen. However, we want you to have a great travel experience without any unpleasant events, but to do so, you need to get travel insurance coverage. Travel insurance intends to protect travellers against a wide range of unforeseen events when travelling, which could affect your health or cost you more money.

In this post, we have not just answered the question “Is travel insurance in Malawi expensive for foreign tourists?” But we also talked about the importance of travel insurance, the risk it covers, and the travel insurance companies available in Malawi.

The Most Common Risks That Are Covered in a Travel Insurance Policy

• Trip Cancellation or Interruption
• Medical assistance
• Evacuation Insurance
• Loss of Baggage and Personal Items
• Trip delay
• Lost or Delayed baggage
• Medical coverage, medical evacuation, etc.

Why You Need Travel Insurance in Malawi

Note that the government of Malawi does not offer free medical care for tourists in Malawi. This means that without travel insurance, you’ll have to pay for your medical expenses if the need arises. Unknowingly, these unforeseen incidents/expenses can be drastic, which is why it is important to ensure that you get sufficient travel insurance before you leave on your trip. Other reasons why you need travel insurance in Malawi had been listed above as “the most common risks that are covered by travel insurance plans”.

How to Know a Good Travel Insurance Policy as a Tourist

1.      Repatriation and Medical Cover

One of the most important parts of any travel insurance policy is emergency medical expenses coverage. This covers all costs if you become ill or injured and require immediate medical treatment. Also, a good travel insurance policy should include repatriation coverage. Repatriation cover means that if your condition requires you to immediately return to your home country then it will cover your transportation with any necessary medical equipment and staff.

2.      Cancellation and Curtailment Cover

Let’s say you fall ill or get injured before you travel, you may have to cancel your trip. A good travel insurance policy will cover your trip cancellation. Some policies will also cover for illness or injury of a close relative that must have led you to cancel your trip. Like the cancellation cover, trip curtailment covers losses or injury that requires you to cut short your trip and return home.

3.      Luggage Cover

While travelling, your luggage can get lost, stolen, or damaged, and if that happens it will be a major inconvenience in your travel plans. Therefore, you need good travel insurance that will reimburse you for the trouble if such should happen.

4.      Excesses and Exclusions

Excess refers to a pre-agreed sum of money you need to pay to your insurance company when a loss occurs, and you make a claim. While it can be tempting to want to get cheap insurance you must check for any excesses that you must pay. That is because some cheap policies can come with very high excesses which might not even be worth claiming. Therefore, make sure you buy a Malawi travel insurance policy that balances a good price with reasonable excesses.

Exclusions are the cases for which the insurance company does not provide coverage. There are common things not covered by travel insurance. So, make sure you read a policy’s exclusions so you’re not caught by surprise.

Travel Insurance Companies Available in Malawi for Tourists

1.      Britam

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking, and Property.

2.      EmeraldLife

If you’re looking for travel insurance in Malawi, then don’t hesitate to get a fast quote from EmeraldLife. This insurance company is a leading travel insurance service provider. They offer a comprehensive range of travel insurance products for tourists and travelers in Malawi.

3.      IMGlobal

At IMGlobal, they understand that people travel for several reasons and that’s why their products vary. Their full-service approach to providing international medical insurance products includes servicing vacationers, those working or living internationally for short or extended periods, people traveling frequently between countries, and those who maintain multiple countries of residence. To meet their members’ needs, they have developed a comprehensive range of major medical, life, dental, and disability products.

4.      HTH Travel Insurance

HTH travel insurance is a Worldwide Insurance Service agency. They offer a variety of travel medical insurance. They also offer a wide selection of travel health insurance plans that include coverage for hospital care, surgery, office visits, prescription drugs, and medical evacuation. With HTH, you can travel the world with confidence.

Is Travel Insurance in Malawi Expensive for Foreign Tourists?

A Standard Cover Travel Insurance in Malawi levels up to £7,500, including Covid Cover, Cancellation, Medical & Repatriation, and 24/7 Worldwide Emergency Medical Cover (Optional). According to Forbes advisor’s analysis of travel insurance rates, the average cost of travel insurance is 5% to 6% of your trip costs. The cost of travel insurance is usually based on the age of travellers and the trip cost. For example: If your trip cost $60,000, the average travel insurance cost at 6% will be $3,600.

Conclusion: Is Travel Insurance in Malawi Expensive for Foreign Tourists?

According to a Forbes Advisor survey, nearly half (49%) of travelers are likely to buy travel insurance within the next six months for their next vacation. Adding travel insurance to your trip plans can help safeguard your trip investment, save you money and time, and avoid frustration if things go wrong.

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