Natural Hazards

The number of people affected by natural disasters around the world is rising. According to the IMF, over the past two years, 700 natural disasters were registered worldwide affecting more than 450 million people. Therein lies the crux of the problem; A traveler to Phuket would want to be aptly prepared for any crisis. Phuket lies within the Eurasian plate and is susceptible to natural disasters such as the 2004 Indian Ocean earthquake. In a subduction zone, subduction takes place at convergent boundaries where one tectonic plate moves under another and sinks into the Earth's mantle, thereby resulting in volcanic activity or earthquakes and tsunamis. While natural hazards are rather unpredictable and may cause unparalleled damages and costs to affected parties, current technology and information enables us to take necessary precautions to reduce such risks. As such, I would buy travel insurance policy B to mitigate the costs of a possible natural hazard whilst on a holiday in Phuket.

Natural hazards are unpredictable in

The possible natural hazard faced by Phuket would be a tsunami. An additional 50% more for policy B would enable one to avoid or at least defray paying possibly thousands of dollars when a tsunami occurs. Huge costs could be incurred by the traveller should he require medical attention in a foreign country or perhaps even medivac. Permanent disability would also be one of the usual terms covered under travel insurance inclusive of natural hazards. Moreover, in the event of the death of the policy holder, the payout would be given to the next of kin. No doubt no amount of money can ever bring back the deceased, however, it can definitely ease the financial burden of the family should the deceased be the sole breadwinner. For the additional tens of dollars incurred, thousands of dollars can be saved in the event of a