How a lot of instances have you taken out travel insurance – or any variety of insurance – and then filed the policy away in a drawer or in your luggage with a contented sigh. You assume the job’s done insurance is in spot and all will be well. That is, till you want to make a claim… Only then do you scramble to find the policy, frantically search for the number to contact the claims department and verify the modest print and terms and circumstances. If this is the way you have constantly completed it (be honest, most of us have) perhaps it is time for a rethink!
If the worst takes place and you find out that your ‘incident’ is not covered beneath a particular section of the policy and you cannot claim, who is to blame? All insurance policies no matter whether travel insurance, car insurance, property insurance or any other variety must have terms and situations. With out them it would be an irresponsible no cost-for-all with claims being produced for anything and anything. Insurance organizations would not keep in company for extremely long!
If you go on vacation abroad with your mates, drink alcohol to excess, fall off a balcony and sustain critical injuries need to you truly be shocked to locate that no a single is going to spend for your poor judgment? With out insurance it is the unfortunate families of the injured who have to foot the bills for healthcare care and possibly pay to fly them property by air ambulance.
Possessing entertaining is one thing and insurance firms are not out to spoil your fun. However, deliberately placing yourself in harm’s way is not sensible and travel insurance is not most likely to cover resulting mishaps. It is a known fact that a lot of holidaymakers who go abroad nevertheless mistakenly think their consulate or embassy will spend their medical bills, get them out of jail, plus give free of charge replacement travel documents if theirs are lost or stolen.
The good news is that insurance does work and valid claims do get paid. Hardly ever there is a dispute or appeal, but it is a procedure that in the end functions for all. If you adjust your thoughts after getting a policy there is a cooling-off period to cancel and apply for a refund (assuming you have not currently departed for your holiday or produced a claim).
Pick your policy with care and check to make positive it covers all the activities you have planned for your trip, as well as adequate medical cover. Once again, it is critical to do this within the cooling off period. Remember to check which activities the policy incorporates, as most travel insurance automatically covers dozens of prevalent activities such as scuba diving, horse riding, camel rides, water skiing, canoeing, cycling and jet skiing. If you are in any doubt always speak to the insurer to clear up any confusion prior to you leave on your trip. Reading the modest print after anything goes incorrect is not beneficial if you find that your policy does not cover the activity. For instance: you might only be covered for 1 bungee jump, or white water rafting up to Grade 4, but not Grade 6.
It is very crucial to declare any pre-existing medical circumstances. If you forget or fail to declare any it could cause invalidation of your insurance – and maybe just when you need it most – when you want to make a claim! Most travel insurance incorporates automatic cover for hundreds of healthcare circumstances, so read the policy to examine.
Yes, travel insurance small print is tedious and annoying but it is also required and critical. Failing to read and recognize the terms and situations is only hurting your self and placing you and your loved ones at risk of financial loss. Travelling with no insurance is not a great solution either. You might as well accept the truth you need to have to sit down and take a few minutes to examine the tiny print and terms and circumstances prior to your subsequent trip!