Common Mistakes And Assumptions Made With Travel Insurance

Common Mistakes And Assumptions Made With Travel Insurance

Friday, March 25th, 2011

Travel insurance is just as complicated as any other insurance, and all too often many of us do not refer to the policy. The policy is what you are buying and nothing else. You may feel that you have bought peace of mind, but that is only in your head. There are common misconceptions that lead to people finding themselves in trouble. Here are a number of situations that happen often and something for you to think about.

Full Year Coverage. Good value for money cheap travel insurance can be bought for a longer period, such as for a period of a full year, for those who travel regularly. You must check that you are covered for extended periods. Often in the case of full year coverage, you may only be covered during a limited time, for example, 31 days for each journey. This is something you need to make sure of.

My Claim Will Be Settled When I Return. This may be the case, or it may not. It depends on the situation and what you are claiming for. If you wait too long to claim, you might find that you are not covered because the incident was too long ago. Always make sure you contact your insurer as soon as possible after any incident.

Lost Luggage. Just because you lose your luggage does not mean that you will automatically be covered. You will always need a police report. If you left your luggage unattended, you might be at fault, and you will not be compensated.

Replacement Computer. Laptops may be very expensive items to cover the cost of replacement. You should always make sure that you spell out to the insurer what you have, and how much it will cost to replace. This may affect the amount of money you are able to claim. Some insurers require this when you are purchasing the policy. Consider the amount you want to insure, as the amount you paid, or the replacement cost — you will need to decide.

Disaster. When a natural disaster strikes you could be in real trouble. You must check this in any policy. A ‘Force Majeure’ or an ‘Act Of God’ may make your policy redundant, and you will need to find your own way out. You really need to concern yourself with where you are going, and what might happen.

Sports and Extreme Activities. You will often need specialist cover for this. You need to make sure that the particular activity you are involved in is covered. Normally, a policy will list out the specific activities. This will also mean that the provider of the activity must be a legal and registered in that country. Make sure you have both bases covered.

Civil Unrest. This can be a really tricky one. How will you know when a certain area has been covered by this kind of problem or not? Another issue you really need to talk with your insurer about.

Hospital. You need to make sure that you go to the right hospital. Sometimes some insurance will cover you where ever you go, as long as it is a registered doctor or more. Other insurance will only want you to go to particular hospitals. I have been in the situation where an insurer has said they provide coverage and support at a particular hospital. The hospital has denied it and would only take cash. You need to make sure you know these details.

international travel insurance

As always, when getting insurance you need to read that boring policy carefully and make sure you question your provider on issues you have in advance.

Author Bio: Tim Millett is an Australian freelance writer and journalist. He writes extensively in Australia, Canada, Europe, and the US. He’s published more than 500 articles about various topics, including travel insurance

Images by visas4australia

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