It’s that time of year again when the sun beams down upon us, classes are over, and the vast, vast world of travel is only a short flight away.
In order to choose a vacation, you do some research. You make hotel and flight reservations. Last but not least, you make a call to an insurance agent to get a suitable travel insurance policy.
“Ah,” you think to yourself. “I have complete protection.”
Sir or Ma’am, don’t move so quickly!
It’s not always the case, even though people like you might see their insurance as a pass to anxiety-free living.
Not every loss scenario you can think of will be covered.
This article addresses potential problems that could result from poor preparation or inadequate insurance knowledge.
Some Instances when Travel Insurance does not Cover Losses
1. Think again if you decide to purchase travel insurance after hearing the forecast for a storm on the radio. If you decide to cancel your trip after learning about a storm, your travel insurance won’t pay for it.
2. Stop dreaming if you think your travel insurance will cover common problems. For typical annoyances or a lack of enjoyment, your insurance will not make up the difference.
3. If you cannot prove your losses, do not intend to obtain coverage. In order for your loss to be supported, you will need to present a sales receipt.
4. Know that incidents that happened while you were intoxicated or under the influence of drugs won’t likely be covered by your insurance policy.
5. Make an appointment with your doctor before you leave on your trip to avoid losing your travel insurance’s medical benefits. You might have coverage issues if you need medical attention while on vacation if you can’t demonstrate that you were in good health prior to enrolling in the plan.
6. Never assume that your travel itinerary will cover every activity you partake in. You might not be compensated if you sustain injuries while engaging in an activity that the insurance provider deems risky. To find out which activities your insurance provider considers to be risky and which are not, review your policy.
There are exclusions, limits, and deductibles in travel insurance, just like in any other type of indemnity. Making the necessary preparations in advance is something you owe both yourself and your vacation. You can determine which policy is best for you and how to prevent having a related claim denied by speaking with an experienced independent agent.
