Travel insurance mistakes

When purchasing a travel insurance policy it is always important that you read the “small print”. Although you may think that this is a hassle, most problems with travel insurance comes from misunderstadings. These misunderstandings can also cause problems when you want to file a claim. Most travel insurance related problems can be avoided by carefully reading the travel insurance policy.

6. Misunderstanding the pre-existing condition waiver:

A large number of travel insurance companies have recently included a waiver for the exclusion for pre-existing conditions if certain conditions are met. The travel insurance policy with pre-existing condition coverage will also include a look-back period. The look-back period is the number of days prior to purchasing the travel insurance that the company will look for your pre-existing condition. Depending on the travel insurance company, the look-back period can as long as 90 days.

Not all pre-existing conditions are covered, and you should make sure before purchasing it. Also make sure the pre-existing condition exclusion waiver applies to the owner of the insurance or the family members.

7. Failing to save the receipts for additional puchases:

If your flight gets delayed and you need to go to a hotel for the night before catching the next flight, you will have to save the receipt from the hotel and also find out why the flight got delayed before filing a claim for a trip delay situation.

8. Expecting baggage delay benefits on the return trip:

Travel insurance with baggage delay coverage only provides protection for delays that occur on the the trip towards the travel destination, and not on the return trip. You will not receive the benefit if your baggage is delayed on the way back.

9. Mistaking “cancel for any reason”for “cancel at any time”:

The option cancel for any reason means that the travel insurance company will provide coverage if you cancel the trip any reason, while cancel at any time means you can cancel your trip at any time but the cancellation must be due to a covered reason, or else you will not get the insurance benefit.

With a cancel for any reason coverage you will be able to cancel your trip only within a certain period before departing. As long as you cancel your trip duringt this period, usualy two days, you wil be covered. Remember that some policies specify that you must cancel before 48 hours while others say 2 days. While these two statements sound the same, they are two distinct types of measurement.

These are the most common travel insurance mistakes that travellers make regarding travel insurance. Remember, as long as you know what type of travel insurance best suites your travelling requirements and also read the small print on the travel insurance policy you shouldn’t have any problems.

Other travel insurance policyes you might be interested in:
Single-trip Single trip insurance is recommended if you are not a frequent traveller. Purchasing a policy that covers only the trip you are taking means you avoid paying for extra ...	Annual Multi Trip The advantage for annual multi trip insurance is that you are covered for every trip you make within the year (provided its duration is under a specific ...
For Winter Sports If you are travelling abroad for a skiing, snowboarding or general winter sports holiday you may find yourself exempt from several areas of a typical travel insurance ...	For pre-existing medical condition Finding travel insurance to cover you when you have a pre-existing medical condition can be tricky. However, it is very important that you declare any medical ...
Over 65's insurance If you or a member of your party is over the age of 65 you may want to find a provider who specialises in offering cover for this age range. Because of the volume ...	For Backpacking Most policies have a maximum length of stay, it is usually 45 days for annual multi-trip policies and can be up to 180 days for some single trip policies - not very useful ...
For Family and Groups Buying travel insurance can be an expensive business, especially when you are purchasing separate policies for more than one person. This is why some providers ...	For pregnant woman The travel insurance for pregnant women is becoming more popular because more and more future mothers travel during the first half of they're pregnancy ...
For Business Travel Most policies have exemption clauses for matters concerning business, meaning you are unable to claim if you are injured while working abroad or for the loss ...