It’s that time of year again where the sun smiles on us, school ends, and the broad, expansive world of travel is just a flight away.
Then you do some research on vacation options. You book a flight. You reserve a hotel room. And last but not least, call an insurance agent to get a suitable travel policy.
“Ah,” you think to yourself. “I am covered from all angles.”
Not so fast, sir or madam!
While others like you may view the insurance they bought as a ticket to peace of mind, this is not always the case.
Not every loss scenario you can imagine will occur will be covered.
This article discusses the issues that may arise as a result of not planning ahead or being adequately informed about insurance issues.
Some instances when travel insurance does not cover losses
1. If you think you’re smart about buying travel insurance when you hear the radio tell you about a future storm, think again. A travel policy will not cover cancellation of your trip after published storm information.
2. If you imagine that travel insurance will compensate for common problems, stop dreaming. Your insurance will not compensate you for common inconveniences or lack of enjoyment.
3. Don’t plan to get coverage for losses you can’t prove. You must show a sales receipt so that your loss can be corroborated.
4. Please note that your insurance policy will probably not provide coverage for incidents that occurred while under the influence of alcohol or drugs.
5. Get your doctor involved before you start your trip or you may not receive medical coverage under your travel insurance. If you can’t show that you were in good health before joining the plan, you may have coverage problems if you need medical care while on vacation.
6. Don’t assume that all the activities you participate in are covered by your travel plan. If you get hurt while participating in something the insurance company considers dangerous, you may not see the refund. Review your policy to determine which activities your insurance provider includes and which are considered dangerous.
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 the game. Talking to an experienced independent agent will help you decide which policy is best for you and how to avoid being denied a related claim.