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One of the more important aspects of traveling that is often overlooked by a lot of us is buying ourselves travel insurance.
Now a lot of us would think that just because we are on holiday, accidents don’t happen or at least we try not to think too much about it. Having such thoughts we feel would somewhat dampen the enthusiasm on going for a trip.The reality is that we are actually more susceptible to accidents and injuries during our travels than most times in our lifes although the odds of it actually happening are rather slim depending of course on the familiarity of the locale, distance and duration of our travels.
So why would anyone need a travel insurance if the odd of it happening is rather low.
Ask yourself this question; consider a worst case scenario that could happen to you or your family members during a trip, could you financially afford all the expenses and costs and financially reimburse you to tide things over a difficult period?
Fortunately there are loads of travel insurances that are on the market right now that are both meticulously “well covered” as well as affordable. Depending on the destination of our trips, duration of stay as well as activities engaged.
Here are some points you ought to look out for before you go out and purchase travel insurance.
Now a lot of us would think that just because we are on holiday, accidents don’t happen or at least we try not to think too much about it. Having such thoughts we feel would somewhat dampen the enthusiasm on going for a trip.The reality is that we are actually more susceptible to accidents and injuries during our travels than most times in our lifes although the odds of it actually happening are rather slim depending of course on the familiarity of the locale, distance and duration of our travels.
So why would anyone need a travel insurance if the odd of it happening is rather low.
Ask yourself this question; consider a worst case scenario that could happen to you or your family members during a trip, could you financially afford all the expenses and costs and financially reimburse you to tide things over a difficult period?
Fortunately there are loads of travel insurances that are on the market right now that are both meticulously “well covered” as well as affordable. Depending on the destination of our trips, duration of stay as well as activities engaged.
Here are some points you ought to look out for before you go out and purchase travel insurance.
- All pre existing health and medical conditions prior to the trip won’t be covered by the travel insurance.
- Your travel insurance premiums will depend on the number of days as well as the destination planned. You might need to pay additional premiums if you are planning on a multiple cities trip. Do check this with your insurance adviser.
- Some activities like mountaineering, scuba diving, parachuting, hang gliding and etc are not covered by the basic travel insurance plan. So do ask you travel adviser regarding this.
- Your travel insurance may not cover pregnancy or childbirth or any injury and sickness associated with pregnancy or childbirth.
- Changing your mind about your trip or figuring that you can’t afford the trip is not covered by the travel insurance under “Trip Cancellation”. Some insurers may not even pay for any loss due to government regulations or control and cancellation by the carrier.
- Ask your insurance adviser what kind of medical conditions you must be in before an immediate medical evacuation is warranted. This is due because some policies may require certain kind of medical conditions before an insured evacuation is triggered. Again take note that the travel insurance might not cover pre-existing medical conditions that you might already have prior to the trip.
- Travel insurance also do not cover the cost of your personal belongings should it was proven that the loss was due to your own negligence or mysterious disappearance. Do check with your insurers what is their definition of “Personal Belongings” as some items are on their list of exclusion.
- Your Travel Insurance also does not cover any fraudulent, dishonest or criminal acts pertaining to any of your coverage.
- Some of the “coverage” from travel insurance might be something you already have under your existing policies, i.e. life or homeowner policies. There is no sense of paying something more for something you already have coverage for. So ask your insurance adviser if the travel insurance plan can be custom suit to your needs.
- In an event you have bought two travel insurance from the same company, your insurer, you might only be covered with the one that has the highest benefit.
- Do ask what kind of documentations needed for the insurers to process your claims and the time period you need to report any loss or damage before your coverage lapses.
- Always, always read the fine print of your travel insurance. Understand and know what you are actually buying into as well as the insurance companies’ policies on cancellation, interruption and non-coverage. Do not be afraid to ask your insurance adviser thoroughly and be clear of the terminologies that are used in the fine print.
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