Although some may not realize it, travel insurance is one of the most essential things you will need for a trip. Like you can’t own a home without home insurance, a car without a car insurance, you can’t have a secured trip without travel insurance.
The truth is, while you can be all prepared with your bookings, itinerary and accommodations, you may always be ready for the worst. Your flight can get cancelled, your luggage can get lost, and accidents can occur. All these factors could make you wish you didn’t travel at all. Unless you have travel insurance to cover for the damages and costs incurred, then you can be confident that you have the upper-hand of the situation.
However, much has already been said about travel insurance. As a licensed direct insurance company that offers travel insurance promotions in Singapore, we are looking to set things clear and talk about what a travel insurance is not and what it doesn’t cover.
What Not to Look for In Travel Insurance
We all know that travel insurance is a form of protection accidents that may occur on your trip such as flight cancellation lost luggage, or accidents. It also provides you assistance in the event an immediate family dies and you need to arrange for a flight back home.
Besides the coverage, what you should know is that travel insurance isn’t a license for misbehaviour. In fact, there’s a possibility that you may not qualify for insurance when it’s proven that your accident is a result of your recklessness. For instance, you can’t expect to be covered if you’ve been involved in an accident while driving under the influence of alcohol.
It’s also worth mentioning that some travel insurances don’t cover extreme activities so you should read the policy carefully before signing. In addition to this, below are some of the things that travel insurance don’t usually cover.
What Travel Insurance Doesn’t Cover
Invalid reasons for trip cancellation. Travel insurance covers cancellation and interruptions, but the reason must be valid because not everything is covered. When signing up for insurance, a provider will give you a list of covered reasons for trip cancellation. It means if your reason isn’t on the list, you’ll not be covered.
Pre-existing medical conditions. A pre-existing condition is defined as something that’s happened before you had insurance. When you file a claim because of a medical condition and your insurance provider determines that it’s a pre-existing case, your coverage would be denied.
List of exclusions. On top of all these, every policy provides a list of situations wherein coverage isn’t provided. It is a detailed list of reasons and must be reviewed with careful comprehension.
Travel insurance offers security when travelling, but along it comes potential drawbacks if you’re not reading carefully. Thus, we can’t stress further how it’s important to understand what’s involved in a policy and what’s not before signing up.
