It’s that time of year again when the sun is smiling at 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 book a flight. You reserve a hotel room. And last but not least, call an insurance agent for appropriate travel insurance.
“Ah,” you think to yourself. “I’m covered from all sides.”
Not so fast, sir or madam!
While others like you see the insurance they’ve bought as a ticket to peace of mind, it’s not always the case.
Not every loss scenario you can imagine is covered.
This article addresses issues that can arise as a result of not planning ahead or teaching insurance issues properly.
Some cases where travel insurance does not cover loss
1. If you think you’re being smart by getting travel insurance when you hear the radio tell you about a storm to come, think again. A travel policy does not cover the cancellation of your trip as a result of published storm information.
2. If you imagine that travel insurance covers ordinary problems, stop dreaming. Your insurance does not cover common inconveniences or lack of enjoyment.
3. Don’t plan to be covered for losses you can’t prove. You must show proof of purchase so that your loss can be substantiated.
4. Please note that your insurance will probably not cover incidents that occurred while you were under the influence of alcohol or drugs.
5. Consult your doctor before traveling or you may not get medical coverage from your travel insurance. If you can’t prove you were in good health before you started the plan, you could run into coverage issues if you need medical care while on vacation.
6. Don’t assume that every activity you participate in is covered by your itinerary. If you are injured while engaging in something the insurance company deems dangerous, you may not see compensation. Review your policy to find out which activities your insurance company covers and which are considered dangerous.
As with any form of indemnity, travel insurance has limits and deductibles, as well as exclusions. You owe it to yourself and your vacation to do the proper research prior to the game. Talking to an experienced independent agent will help you decide which policy is best for you and how to avoid being rejected for a related claim.