Global Courant
Unfortunately, travel insurance is an additional expense, but an important one. It helps you cover unforeseen situations such as canceled flights, lost belongings and medical expenses. However, it can be difficult to choose the best policy. Sometimes the details are too complex to jeopardize your claims if the situation calls for it. For your guidance, here are five surprise travel insurance fine print you should know.
1. No claims for unreported medical history
If you have any medical conditions, it is important to disclose such information to your insurance agent. But you should expect an increase in insurance coverage costs once they find out about your health issues. It’s one of the reasons why some travelers choose to hide their pre-existing conditions. However, failing to provide your medical history to your insurer may result in your claims being rejected. If possible, disclose every detail about your health. Your policy will cover your medical costs if something happens to you while travelling.
2. Cover for looseT possessions
Be diligent in checking the insurance fine print and make sure the policy you choose covers lost or stolen possessions. It is especially useful if you are traveling with a large sum of money. Many travel insurance policies only cover money that is accidentally lost, stolen or missing. There is also coverage for lost or missing cash kept in your room safe.
3. Look at the policy limits
It’s heartbreaking to find out that your policy didn’t cover you when you wanted to claim some money for stolen or lost items. Your insurance becomes useless if you cannot use it. To avoid wasting it, read the travel insurance fine print and check the policy limit. Know how much you can claim for cancellation, lost luggage and missing money. It’s important to play it safe. Otherwise, you might be surprised to see unexpected bills on your doorstep.
4. No overtime coveragee period
Another surprising thing about the fine print of travel insurance is that there is no coverage if you make a claim after the period. Even if it’s just one day, your insurance company won’t pay overtime claims. To avoid this, check the number of days your chosen policy will cover while traveling abroad before making the purchase. Policy limits vary from company to company, so make sure you get the information you need.
5. Not all insurance policies cover all destinations
Surprised? Do not be. Some fine print may reveal that they don’t cover some travel destinations. Before buying the insurance policy, make sure it covers your destination. Countries such as the US, Canada, Turkey, the Canary Islands and the Caribbean may have different coverage that is not included in your preferred policy. Check that first to avoid expensive expenses after your trip.
take away
There you have it. After weeks of planning your long-awaited trip, you have already booked the flight and bought the tickets. Exciting, isn’t it? After you have made the booking, the next step is to take out travel insurance.
Now you can go for the cheapest policy because you think it’s the easiest way out. But no. Choosing the most affordable travel insurance is not ideal. Look carefully at the fine print and make sure your policy offers the protection you need.
5 surprises in travel insurance fine print
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