Like all other insurance covers, travel insurance does not cover everything. Travelers who get unsuccessful claims feel swindled and frustrated. You can avoid such scenarios by understanding what your travel insurance is catering and what they are not. Information on what the insurance policy will cover will appear on the insurance certificate given. You should review it during the period granted for free look.
Travel insurance does not cover all cancellations
The primary concern for most travelers is cancelation for the trip. Travel insurance covers cater for interruptions, but cancellation reasons make a difference because they do not cover everything.
Travel insurance gives you an insurance policy that lists all the reasons for trip cancellation that they cover. If any reason happens and it is not listed, they will not assist you. If you cancel any trip because of medical reasons, they have to be documented by a doctor.
Pre-existing conditions requiring special attention
A pre-existing condition refers to something that had happened before you bought the travel insurance policy. That is why when any traveler files a claim due to medical reasons; the insurance company checks your medical history. They have to determine when that condition began. If they peruse your medical records and ascertain that the disease was not existing before, they are satisfied that the disease isn’t pre-existing.
Travel Insurance policies have an exclusion list
Every travel insurer has a list of what the insurance policy does not cover, and the list is also referred to as exclusion. It is a list specifying every reason, and the insurance buyer should review it carefully to avoid any misunderstandings.
Most insurance companies exclude the list below from their coverage:
- Any losses caused by a pre-existing health condition. You can purchase a waiver in case you have a pre-existing condition and insurance will cover you.
- Having a change of mind at the last minute or decide that you can’t afford to take the trip. There is coverage for ‘cancel for any reason”.
- Losses of travel documents such as tickets or tours won as awards or redeeming points accumulated from any company. They do not take charge in resolving such a situation because you had not spent any cash from your coffers.
- Travel costs if the purpose of the trip is to seek medical treatment outside the country. This kind of trip is also known as medical tourism. Travelers should note this very clearly because it is different from medical coverage of a health situation that arises during the traveling period.
- Losses caused by venereal diseases such as AIDS or abortion.
- The travel insurance does not cover damages that occur due to psychological, mental or nervous disorders such as depression, anxiety, psychosis or neurosis.
- Losses incurred by the insured when he/she is under the influence of alcohol or drugs, this is a self-inflicted reason.
There are other reasons that we can list but cannot be exhausted in this article. The bottom line is, all insured persons should understand their insurance policy to avoid any misunderstandings at the time of filling out claims. Avoid any situations that can lead to rejection of your claims.