It is again that time of year when the sun smiles at us, school is out and the vast and vast world of travel is only a flight away.
So do some research on vacation options. Book a flight. Book a hotel room. And last but certainly not least, an insurance agent is called for an appropriate travel policy.
“Ah”, think of yourself. “I am covered from all angles.”
Not so fast, sir or madam!
While others like you may see the insurance they bought as a ticket for peace of mind, this is not always the case.
Not all the loss scenarios you can imagine will occur.
This article discusses the problems that may arise due to not planning ahead or adequately educating yourself on insurance matters.
Some circumstances in which travel insurance does not cover losses
1. If you think you’re smart by buying travel insurance when you hear the radio telling you about a future storm, think again. A travel policy will not cover the cancellation of the trip as a result of advertised storm information.
2. If you imagine that travel insurance will provide compensation for ordinary problems, stop dreaming. Your insurance will not compensate you for common inconveniences or lack of fun.
3. Don’t think you’re covered for losses that you can’t prove. You will need to show a sales receipt so that your loss can be proven.
4. Be aware that your insurance policy will not likely provide coverage for accidents that occurred while under the influence of alcohol or drugs.
5. Get your doctor involved before leaving for the trip or you may not receive medical coverage from your travel insurance. If you cannot prove that you are healthy before starting the plan, you may have coverage problems if you need medical attention during the holidays.
6. Don’t assume that all the activities you participate in are covered by your travel plan. If you injure yourself while engaged in something that the insurance company considers dangerous, you may not see a refund. Review your policy to find out what activities your insurance provider includes and which ones are considered dangerous.
As in any form of compensation, travel insurance has limits and deductibles, as well as exclusions. You owe it to yourself and your holidays to do the appropriate research before the game. Talking to an experienced independent agent will help you decide which policy is best for you and how to avoid being denied for a related complaint.