Travel insurance does not always mean coverage
It’s that time of year again when the sun is smiling on us, school is out and the wide, wide world of travel is just a flight away.
So you do some research on vacation options. You are booking a flight. You are booking a hotel room. And last but not least, you can contact an insurance agent to get a suitable travel policy.
“Ah,” you think to yourself. “I’m covered from all angles.”
Not so fast, sir or madam!
While others like you may view the insurance they’ve purchased as a ticket to peace of mind, it’s not always the case.
Not every loss scenario you can imagine happening will be covered.
These articles address issues that may arise as a result of not planning ahead or properly educating yourself about insurance issues.
Some cases where travel insurance does not cover losses
1. If you thought you were being smart by buying travel insurance when you hear the radio telling you about a future storm, think again. Canceling your trip after information about the storm has been posted will not be covered by the travel policy.
2. If you imagine that travel insurance will provide you with compensation for ordinary problems, then stop dreaming. Your insurance will not compensate you for common inconveniences or lack of enjoyment.
3. Do not plan to cover losses that you cannot prove. You will need to show a sales receipt so your loss can be proven.
4. Be aware that your insurance policy will likely not provide coverage for accidents that occurred while you were under the influence of alcohol or drugs.
5. Involve your doctor before you go on your trip or you may not get medical coverage under your travel insurance. If you can’t prove you’re in good health before you sign up for the plan, you may run into coverage issues if you need medical care while on vacation.
6. Don’t assume that every activity you engage in is included in your travel plan. If you get hurt while engaging in something the insurance company considers dangerous, you may not get compensation. Review your policy to ascertain which activities are covered by your insurance provider and which are considered risky.
As with any form of compensation, travel insurance has limits and deductibles, as well as exclusions. You owe it to yourself and your vacation to do the proper research before your match. Talking to an experienced independent agent will help you decide which policy is best for you and how to avoid denial for a related claim.